Den Networks

Den Networks Ltd on Friday reported an over two-fold jump in its consolidated net profit to Rs 126.20 crore for the fourth quarter ended March 31, 2023. The company had posted a net profit of Rs 48.61 crore during the January-March quarter of FY22, Den Networks said in a regulatory filing. Its revenue from operations fell 6.77 per cent to Rs 282.90 crore during the quarter under review against Rs 303.46 crore in the corresponding period of the previous fiscal. The company's revenue from the Cable distribution network business was Rs 273.62 crore and Rs 9.28 crore from the Broadband business during Q4 FY23. Den Networks' total expenses dropped 1.68 per cent to Rs 276.59 crore in Q4 FY23. Its consolidated net profit for the financial year ended March 31, 2023, rose 38.15 per cent to Rs 236.35 crore. It was Rs 171.07 crore in FY22. The revenue from operations declined 7.76 per cent to Rs 1,130.47 crore in FY23 from Rs 1,225.59 crore a year ago.

IT stocks will be in focus this morning, as market participants react to Infosys, Wipro and MindTree numbers. Thereafter, the focus will shift to HCL Technologies earnings

Considering that more than a year has passed from the time the board considered the scheme, it has decided to not proceed with the arrangement envisaged in the scheme," Den Networks said

Considering that more than a year has passed from the time the board considered the scheme, it has decided to not proceed with the arrangement envisaged in the scheme, Den said in a statement

Den Networks on Friday reported 50.56 per cent rise in consolidated net profit at Rs 33.89 crore for the fourth quarter ended March 31, 2021.

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The company had reported a net profit of Rs 95.30 crore in the September 2019 quarter, Den Networks said in a regulatory filing

All that happened in the markets today

In Q1FY21, Den Networks' consolidated net profit jumped an over four-fold to Rs 58 crore, on the back of strong operational performance by cable business.

Market Ahead, April 21: All You Need To Know Before The Opening Bell

Today, a total of seven companies, including ACC, CRISIL, Den Networks, and ICICI Prudential Life are scheduled to release their March quarter earnings

For every 100 shares of TV18, Hathway, and Den, their shareholders would get 92, 78, and 191 shares of Network18

Market Ahead, February 18: All you need to know before the Opening Bell

Reliance Industries has said it is consolidating its media and distribution business spread including TV18 Broadcast, Hathway Cable & Datacom, DEN Networks into Network18

The company declared a net profit of Rs 11.23 crore for the recently concluded quarter against a loss of Rs 30.72 crore in the year-ago period

Den Networks surged 13% to Rs 99.15 on BSE on back of seven-fold jump in trading volumes after media report suggests that Reliance Industries in talks to acquire the company

Total income grew from Rs 278 crore in Q1FY17 to Rs 322 crore this year

The stock rallied 10% to Rs 80 after the company said its board will meet on September 20 to consider a preferential issue to leading global financial investors.