Cable TV

Den Networks posts strong profit in Q3’21

The subscription revenue has reduced by three per cent year on year.

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NEW DELHI: Den Networks has reported total revenue of Rs 342 crore for the quarter ended 31 December 2020, up eight per cent on a year-on-year basis. During the same quarter last year, it clocked Rs 318 crore in revenue.

Net profit rose 238.69 per cent to Rs 65.57 crore, as against Rs 19.36 crore during the corresponding period in 2019.

The profit after tax stood at Rs 60 crore, up by 390 per cent. The network clocked a profit of Rs 12 crore at the end of Q3 last year.

The subscription revenue for the network for the quarter stood at Rs 201 crore. It reduced by three per cent year-on-year. However, for the same quarter it stood at Rs 206 crore in the last financial year.

The consolidated EBIDTA margins grew by 12 per cent in Q3 FY2021. It stood at Rs 65 crore in Q3’21 as against Rs 58 crore in Q3’20.

The investment into content for this quarter stood at Rs 161 crore, which was up by 14 per cent on a year-on-year basis. During the same quarter last year, this investment stood at Rs 142 crore.

Incorporated in 2007 and headquartered in New Delhi, Den Networks is a leading cable TV distribution company in the country with a wide gamut of services including cable TV and Broadband. Its cable and broadband operations covers over 500+ cities/towns across 13 key states (Uttar Pradesh, Karnataka, Maharashtra, Gujarat, Rajasthan, Haryana, Kerala, West Bengal, Jharkhand, Bihar, Madhya Pradesh and Uttarakhand) in India. In 2018, Reliance acquired a majority stake in Den Networks.

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