The cable TV distributor's consolidated net profit rose 6.8% to Rs 45.51 crore in Q1 FY25 as against Rs 42.62 crore reported in Q1 FY24.
However, revenue from operations slipped 9.39% year on year to Rs 247.53 crore in the quarter ended 30 June 2024.
Profit before tax in Q1 FY25 was at Rs 55.47 crore, up 10.96% from Rs 49.99 crore recorded in Q1 FY24.
EBITDA stood at Rs 28 crore in the June quarter, down 9.6% as against Rs 31 crore posted in Q1 FY24. EBITDA margin remained constant at 11% in Q1 FY25 over Q1 FY24.
The company's revenue from cable distribution network business was at Rs 235.41 crore (down 11.3% YoY) while revenue from broadband business stood at Rs 12.12 crore (up 55.98% YoY) during the period under review.
Subscription revenue fell 12.32% YoY to Rs 128 crore during the quarter. Placement/ marketing income declined 1% YoY to Rs 107 crore and activation revenue slipped 40% YoY to Rs 5 crore in Q1 FY25 over Q1 FY24.
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As on 30 June 2024, cash and cash equivalents stood at Rs 3,009 crore as against Rs 2,931 crore as on 31 March 2024.
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.
Shares of Den Networks declined 1.43% to Rs 54.99 on the BSE.
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