Companies

Den Networks posts over four-fold jump in Q1 profit at ₹58.32 crore

PTI New Delhi | Updated on July 21, 2020

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.

Published on July 21, 2020

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor

You May Also Like