Quarterly result : DEN Networks
Bhagyashree Vivarekar / 23 Jan 2017
The company's stock which opened for trading at Rs. 92.15 on the BSE on Monday, has risen by 3.31% after the results were declared and is currently trading around the Rs. 92.15 mark. In terms of bottom-line, the company reported a net loss figure of Rs. 45.1 crore which represents a sequential QoQ decline of 5.79% and a YoY decline of 48.39%.
DEN Networks Ltd. reported its results for the quarter ended December 31, 2016 post market hours today.
Total sales for this quarter, Q3FY17, came in at Rs. 296.83 crore. This represents an 8.95% sequential increase and 28.84% YoY increase.Operating loss (EBIT loss) for the recently concluded quarter amounted to Rs. -20.9 crore and the EBIT margin stood at -7.04%.
In terms of bottom-line, the company reported a net loss figure of Rs. 45.1 crore which represents a sequential QoQ decline of 5.79% and a YoY decline of 48.39%.
The company's stock which opened for trading at Rs. 92.15 on the BSE on Monday, has risen by 3.31% after the results were declared and is currently trading around the Rs. 92.15 mark.
The company is engaged in cable television distribution and other related business. Den is engaged in distribution of television channels through analog and digital cable distribution network and provision of Internet services. Its services include cable television distribution, analog proposition, digital proposition and broadband.
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