Profit before tax slipped 38% to Rs 31.26 crore in Q4 FY23 from Rs 50.41 crore in Q4 FY22. Total expenses decreased by 1.68% to Rs 276.59 crore in Q4 FY23 over Q4 FY22.

EBITDA dropped 34% to Rs 36 crore in the quarter ended 31 March 2023 as compared to Rs 55 crore posted in the same quarter previous year. EBITDA margin stood at 13% in Q4 FY23 as against 18% in Q4 FY22. As on Q4 FY23, cash and cash equivalents stood at Rs 2,693 crore.

The company's revenue from cable distribution network business in Q4 FY23 stood at Rs 273.62 crore (down 5.33% YoY) while its revenue from broadband business was at Rs 9.28 crore (down 35.78% YoY).

Subscription revenues fell 8% QoQ and 14% YoY to Rs 144 crore in the Q4 FY23. Placement/marketing income in Q4 FY23 increased by 26% QoQ and 21% YoY to Rs 113 crore while Activation revenues declined by 19% QoQ and 41% YoY to Rs 10 crore in the quarter ended march 2023.

On full year basis, the company's consolidated net profit jumped 38% to Rs 242.85 crore in FY23 as compared with Rs 175.95 crore posted in FY22. Net sales declined 7.8% YoY to Rs 1,130.47 crore in FY23.

Den Networks is a leading Cable TV distribution company in the country with a wide gamut of services. DEN's Cable operations covers over 500+ 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 167.16% to Rs 133.50 crore in the quarter ended March 2023 as against Rs 49.97 crore during the previous quarter ended March 2022. Sales declined 6.77% to Rs 282.91 crore in the quarter ended March 2023 as against Rs 303.46 crore during the previous quarter ended March 2022.

For the full year,net profit rose 38.02% to Rs 242.85 crore in the year ended March 2023 as against Rs 175.95 crore during the previous year ended March 2022. Sales declined 7.76% to Rs 1130.47 crore in the year ended March 2023 as against Rs 1225.60 crore during the previous year ended March 2022.

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Den Networks will hold a meeting of the Board of Directors of the Company on 14 April 2023.

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Consolidated profit before tax increased by 14.1% to Rs 49.72 crore in Q3 FY23 from Rs 43.57 crore in Q3 FY22. Total expenses skid 3.58% to Rs 270.25 crore in Q3 FY23 over Q3 FY22.

EBITDA dropped 26% to Rs 37 crore in the quarter ended 31 December 2022 as compared to Rs 50 crore posted in the same quarter previous year. EBITDA margin slipped to 14% in Q3 FY23 as against 17% in Q3 FY22. As on Q3 FY23, cash and cash equivalents stood at Rs 2,662 crore.

The company's revenue from cable distribution network business stood at Rs 266.97 crore (down 4.39% YoY) while its revenue from broadband business was at Rs 9.93 crore (down 33.3% YoY) during the period under review.

Subscription revenues fell 2% QoQ and 11% YoY to Rs 157 crore in the quarter ended December 2022. Placement/Management income declined 10% QoQ while rose 5% YoY to Rs 90 crore while Activation revenues shed by 3% QoQ and 36% YoY to Rs 13 crore in the quarter ended September 2022.

Den Networks is a leading Cable TV distribution company in the country with a wide gamut of services. DEN's Cable operations covers over 500+ 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.

The scrip declined 0.43% to Rs 34.80 on the BSE.

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