Net profit increased 17.40 % to Rs. 8.19 crore
New Delhi, May 16, 2012: DEN Networks Limited, India's leading cable TV distribution company, achieved 14.61 per cent rise in consolidated revenues at Rs 325.24 crore for the quarter ended March 31, 2012 as compared to Rs 282.04 crore in the corresponding quarter previous year.
Consolidated EBITDA (before exceptional one-time expenses) improved by 34.57% to Rs 41.65 crore on year-on-year basis from Rs 30.95 crore in Q4 FY11. Consolidated PAT (before ESOP) stood at Rs 8.19 crore. Profit after Tax (PAT) stood at Rs 4.75 crore for Q4 FY’12 after ESOP expenses. However, current consolidated financials of DEN Networks effectively consolidate 25% of MediaPro financials, which is not comparable to the corresponding quarter of the previous year which accounted for 50% consolidation of Star Den financials.
Meanwhile, the company has achieved a 18.93 per cent in consolidated revenue at Rs 677.87 crore for the financial year ended March 31, 2012 as against Rs 569.97 crore in the in the previous financial year. EBIDTA (on a consolidated basis) grew by 6.28 % at Rs 126.33 crore compared to Rs 118.86 crore in FY11. Consolidated PAT (before ESOP) stood at Rs 26.39 crore. Profit after Tax (PAT) stood at Rs 10.32 crore for FY12 after ESOP expenses
Update on Digitisation:
DEN is fully geared for digitizing its subscriber base in the three Phase 1 cities it is present in (Delhi, Mumbai & Kolkata). Supplies for the estimated number of set top boxes have been secured to ensure 5 timely seeding of these set top boxes so that consumers in DEN’s service areas face no disruption in their television connections after the sunset date. To further ramp up the digitisation effort, DEN has built a sales team which is undertaking direct selling activities through DSAs (direct selling agents) along with the LCO to further augment digital growth in consumer homes.
Further, DEN will continue to consolidate its presence in existing towns and selectively enter strategic new markets with an eye towards strengthening its position as a market leader and gearing up to be India’s leading digital cable TV platform.
About DEN Networks Limited: (BSE: 533137, NSE: DEN)
DEN Networks Limited is one of the largest national cable television companies in India engaged in the distribution of analog and digital cable television services. DEN’s cable television services reach approximately 10 million households (as on December 31, 2009) across key states and cities of India. DEN currently serves cable TV households in Delhi, Uttar Pradesh, Karnataka Maharashtra (including Mumbai), Gujarat, Rajasthan, Haryana and Kerala. DEN’s digital cable offering, with its feature-rich user interface and a portfolio of cutting edge value added services is widely regarded as India’s best. DEN’s digital cable service offers up to 180 channels, a multi-genre digital music service, and blog. Telly (India’s first micro blogging service on TV) and games. DEN also has a 50-50 joint venture with News Corporation’s Star TV group called STAR DEN which is the exclusive distributor of 29 channels in India.”
For Further Information on this Press Release Contact:
Amit Arora, Mutual PR
+91 98111 54140