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Hot Pursuit News

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(17 Apr 2024, 12:59)

Den Networks Q4 PAT drops 41% YoY to Rs 79 cr

The cable TV distributor’s consolidated net profit tumbled 40.78% to Rs 79.06 crore on 8.8% decline in revenue from operations to Rs 258.02 crore in Q4 FY24 over Q4 FY23.

Profit before tax zoomed 120.03% to Rs 68.78 crore in Q4 FY24 from Rs 31.26 crore recorded in the same period a year ago.

EBITDA stood at Rs 40 crore in the fourth quarter of FY24, down 2% as against Rs 36 crore reported in Q4 FY23. EBITDA margin improved to 16% in Q4 FY24 as against 13% registered in Q4 FY23.

The company's revenue from cable distribution network business was at Rs 245.76 crore (down 10.18% YoY) while revenue from broadband business came in at Rs 12.26 crore (up 31.97% YoY) during the period under review.

Subscription revenues fell 8% YoY to Rs 132 crore during the quarter. Placement/ marketing income declined marginally to Rs 112 crore in Q4 FY24 from Rs 113 crore reported in Q4 FY23. Activation revenues slipped 35% YoY to Rs 7 crore in Q4 FY24.

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