Cable TV

Den Networks turns around biz, reports consolidated PAT of Rs 22.52 crore

It reported consolidated net loss of Rs 212.82 crore in the same period of previous fiscal

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MUMBAI: Major multi system operator (MSO) Den Networks  reported a consolidated profit after tax of Rs 22.52 crore in the fourth quarter ending 31 March 2020.

The MSO reported consolidated net loss of Rs 212.82 crore in the corresponding period of previous fiscal. Revenue from operations in the fourth quarter stood at Rs 327.79 crore as compared with Rs 273.1 crore in the year-ago period.

While its revenue from cable distribution network stood at Rs 310.18 crore in the January-March quarter as compared with Rs 255.11 crore in the corresponding period of previous fiscal, the broadband vertical had a revenue of Rs 17.62 crore as compared to Rs 17.99 crore in the fourth quarter of last FY.

For FY20, the MSO’s consolidated profit after tax stood at Rs 58.64 crore while it had posted a consolidated loss of Rs 300.55 crore in 2018-19. Its consolidated revenue from operations in FY20 stood at Rs 1291.45 crore compared to  Rs 1206.07 crore in the previous fiscal.

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