Den Networks reports revenue of Rs 1,226 crore for FY’22

Den Networks reports revenue of Rs 1,226 crore for FY’22

The company profit after tax stood at Rs 171 crore.

Den Networks

Mumbai: Cable TV distribution company Den Networks has released its financial results for the fourth quarter 2022 on Thursday. The company reported revenues of Rs 303 crore and profit after tax of Rs 49 crore higher than Q3’22 which was at Rs 44 core.

The company reported revenue of Rs 1,226 crore for FY’22 less than it earned in FY’21 at 1,307 crore. Its profit after tax for the year stood at Rs 171 crore and the total cost for the year stood at Rs 1,022 crore.

The company reported gross debt and healthy cash balances of Rs 2,547 crore for the quarter. It earned Rs 167 crore from subscriptions, Rs 93 crore from marketing income, Rs 26 crore from other operating income, and Rs 17 crore in activation revenues.

The company also reported total costs of Rs 248 crore including content costs at Rs 148 crore, personnel costs at Rs 21 core, other operational expenses at Rs 79 crore, and Rs one crore provision for doubtful debts and advances.

Den Networks operates a cable and broadband business. Its cable operations cover over 500+ cities/towns across 13 key states including Delhi, Uttar Pradesh, Karnataka, Maharashtra, Gujarat, Rajasthan, Haryana, Kerala, West Bengal, Jharkhand, Bihar, Madhya Pradesh, and Uttarakhand in India. Its broadband business is enabled across 41 cities/towns in the country.