Den Networks Ltd Share Price – NSE /  BSE

Entertainment, Small Cap

Den Networks Ltd dropped for a fifth straight session today. The stock is quoting at Rs 43.85, down 2.66% on the day as on 12:59 IST on the NSE. The benchmark NIFTY is down around 0.94% on the day, quoting at 23659.1. The Sensex is at 78018.99, down 0.83%.Den Networks Ltd has eased around 15.22% in last one month.Meanwhile, Nifty Media index of which Den Networks Ltd is a constituent, has eased around 8.56% in last one month and is currently quoting at 1923.5, down 2.24% on the day. The volume in the stock stood at 6.28 lakh shares today, compared to the daily average of 13.17 lakh shares in last one month.

The PE of the stock is 14.09 based on TTM earnings ending September 24.

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Den Networks Ltd rose for a third straight session today. The stock is quoting at Rs 47.53, up 6.81% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.09% on the day, quoting at 24444.3. The Sensex is at 80286.14, down 0.1%. Den Networks Ltd has dropped around 13.38% in last one month.

Meanwhile, Nifty Media index of which Den Networks Ltd is a constituent, has dropped around 8.74% in last one month and is currently quoting at 1937.6, up 2.33% on the day. The volume in the stock stood at 16.56 lakh shares today, compared to the daily average of 15.55 lakh shares in last one month.

The PE of the stock is 13.91 based on TTM earnings ending September 24.

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Revenue from operations fell 9.95% year on year (YoY) to Rs 249.08 crore in Q2 FY25.

Profit before tax increased by 7.70% to Rs 68.89 crore in Q2 FY25 from Rs 63.96 crore recorded in Q2 FY24.

Total expenses skid 5.21% YoY to Rs 249.17 crore in the quarter ended 30 September 2024.

EBITDA dropped 35% to Rs 28 crore in the quarter ended September 2024 as compared to Rs 43 crore posted in the same quarter previous year. EBITDA margin declined to 11% in Q2 FY25 as against 16% in Q2 FY24.

The company's revenue from cable distribution network business was at Rs 237.42 crore (down 11.42% YoY) while revenue from broadband business stood at Rs 11.65 crore (up 36.25% YoY) during the period under review.

Subscription revenue fell 17% YoY to Rs 121 crore during the quarter. Placement/ marketing income jumped 13% YoY to Rs 110 crore and activation revenue slipped 22% YoY to Rs 6 crore in Q2 FY25 over Q2 FY24.

As on 30 September 2024, cash and cash equivalents stood at Rs 3,050 crore as against Rs 3,009 crore as on 30 September 2023.

Den Networks is a leading Cable TV distribution company in the country with a wide gamut of services. DEN's Cable operations covers over 450+ cities/towns across 13 key states (Delhi, Uttar Pradesh, Karnataka, Maharashtra, Gujarat, Rajasthan, Haryana, Kerala, West Bengal, Jharkhand, Bihar, Madhya Pradesh and Uttarakhand) in India.

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Net profit of Den Networks rose 13.94% to Rs 52.05 crore in the quarter ended September 2024 as against Rs 45.68 crore during the previous quarter ended September 2023. Sales declined 9.95% to Rs 249.08 crore in the quarter ended September 2024 as against Rs 276.61 crore during the previous quarter ended September 2023.

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