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

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