Den Network Shares in Focus: Reported Drop of 4% in Revenue During Q3FY25

Written by: Sachin GuptaUpdated on: 14 Jan 2025, 8:31 pm IST

During Q3FY25, Den Networks recorded zero gross debt and strong cash reserves of ₹3,089 crore

Den Network Shares in Focus: Reported Drop of 4% in Revenue During Q3FY25

On January 14, 2025, Den Networks shares dropped over 2% and touched the day low of ₹37.25 at 09:25 AM. The fall in Den Networks shares came after the company released its results for the quarter (Q3 FY25) and nine-months ended December 31, 2024.

Den Network Q3FY25 Results Overview

Cable TV service provider Den Networks Ltd reported a 12% year-on-year (YoY) decline in net profit, which stood at ₹42 crore for Q3 FY25. This compares to a net profit of ₹48 crore in the same quarter of the previous fiscal year, as per the company’s exchange filing. Revenue from operations fell by 4.5%, reaching ₹261 crore, down 4% from ₹273 crore in the year-ago period.

At the operating level, EBITDA (earnings before interest, tax, depreciation, and amortisation) dropped 32% to ₹28 crore in the third quarter, compared to ₹41 crore in the same period last year. The EBITDA margin decreased to 11% from 15% a year earlier. DEN Networks reported no gross debt and strong cash reserves of ₹3,089 crore. Additionally, the company achieved an impressive 96% online collection rate, including contributions from its subsidiaries.

About Den Networks Limited

Incorporated in 2007, Den Networks is a leading Cable TV Distribution company in the country with a wide gamut of services. DEN’s Cable operations cover 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.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Jan 14, 2025, 9:33 AM IST

Sachin Gupta

Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.

Know More