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General News: DEN turns around at net level in Q2, deploys 2.5 lakh STBs - Printable Version

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DEN turns around at net level in Q2, deploys 2.5 lakh STBs - nairrk - 11-10-2017

MUMBAI: Multi system operator (MSO) DEN Networks has turned net positive on a consolidated level with a net profit of Rs 1 crore during the quarter ending September as compared to last quarter.

EBITDA jumped 33% to Rs 82 crore from Rs 61 crore. Revenue increased by 5% to Rs 328 crore from Rs 313 crore. Expenditure saw a 6% reduction at Rs 114 crore from Rs 121 crore.

The cable TV business posted also turned around with a net profit of Rs 10 crore compared to a loss of Rs 2 crore in the trailing quarter. EBITDA jumped 37% to Rs 83 crore from Rs 61 crore.

Revenue was up 6% to Rs 308 crore from Rs 291 crore. Expenditure was down 7% to Rs 93 crore from Rs 100 crore.

The company said it has been able to accelerate its subscription collections particularly in Phase 3 and 4 markets. Cable subscription income was up 7% to Rs 164 crore. Content costs fell 1% to Rs 132 crore.

The MSO deployed 250,000 set top boxes (STBs) during the quarter to take its total digital cable TV base to 11 million. The subscription collection efficiency for the quarter was 93%.


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