Den Network Shares in Focus: Reported Drop of 4% in Revenue During Q3FY25

On January 14, 2025, Den Networks shares dropped over 2% and touched the day low of ₹37.25 at 09:25 AM. The fall in Den Networks shares came after the company released its results for the quarter (Q3 FY25) and nine-months ended December 31, 2024.

Den Network Q3FY25 Results Overview

Cable TV service provider Den Networks Ltd reported a 12% year-on-year (YoY) decline in net profit, which stood at ₹42 crore for Q3 FY25. This compares to a net profit of ₹48 crore in the same quarter of the previous fiscal year, as per the company’s exchange filing. Revenue from operations fell by 4.5%, reaching ₹261 crore, down 4% from ₹273 crore in the year-ago period.

At the operating level, EBITDA (earnings before interest, tax, depreciation, and amortisation) dropped 32% to ₹28 crore in the third quarter, compared to ₹41 crore in the same period last year. The EBITDA margin decreased to 11% from 15% a year earlier. DEN Networks reported no gross debt and strong cash reserves of ₹3,089 crore. Additionally, the company achieved an impressive 96% online collection rate, including contributions from its subsidiaries.

About Den Networks Limited

Incorporated in 2007, Den Networks is a leading Cable TV Distribution company in the country with a wide gamut of services. DEN’s Cable operations cover over 450+ 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.

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