Comments
Cable and broadband services provider Den Networks on Tuesday reported an over four-fold jump in its consolidated profit after tax at ₹58.32 crore for the quarter ended June 30, 2020, helped by lower expenses.
The company had posted a consolidated profit after tax (PAT) of ₹14.31 crore in the corresponding period of previous fiscal.
Its total income in the quarter stood at ₹364.46 crore as compared with ₹364.39 crore in the year-ago period, Den Networks said in a regulatory filing.
Total expenses of the firm in the first quarter of the current financial year were at ₹302.95 crore, down 12.77 per cent, compared with ₹347.31 crore in the corresponding period of the previous fiscal.
Shares of Den Networks ended 9.98 per cent higher at ₹109.60 on BSE.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.