Den networks declines sharply on poor Q4 numbers
Nidhi Jani / 23 May 2017
It reported the net loss (adjusted) of Rs. 82.5 crore v/s net loss of Rs. 39 crore in Q3FY17.
Den Networks reported its results for the quarter ended March 31, 2017, on Monday.
Total sales for this quarter, Q4FY17, came in at Rs. 317.2 crores. This represents a 6.1 per cent sequential increase and 19.1 per cent YoY increase.
Operating loss for the recently concluded quarter amounted to Rs. 17.7 crore v/s operating loss of Rs. 94.7 crore in Q4FY16.
It reported the net loss (adjusted) of Rs. 82.5 crore v/s net loss of Rs. 39 crore in Q3FY17.
Today, the stock opened at Rs. 98.55 and touched its intra-day low of Rs. 82.35 on the BSE.
Den Networks is a cable television company, engaged in distribution of analogue and digital cable television and broadband services.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.