Den Networks surges on reporting over a 2-fold jump in Q4 consolidated net profit!

Den Networks has reported results for the fourth quarter that ended March 31, 2023 (Q4FY23).     

Quarterly and Annual results

On a consolidated basis, the company has reported an over 2-fold jump in its net profit at Rs 126.20 crore for the fourth quarter that ended March 31, 2023, as compared to Rs 48.61 crore for the same quarter in the previous year. However, the total income of the company decreased by 5.91% to Rs 310.12 crore for Q4FY23 as compared to Rs 329.60 crore for the corresponding quarter previous year. 

For the year ended March 31, 2023, on a consolidated basis, the company has reported a 38.16% rise in its net profit at Rs 236.36 crore as compared to Rs 171.08 crore for the previous year.

However, the total income of the company decreased by 7.74% at Rs 1,242.58 crore for the year under review as compared to Rs 1,346.76 crore for the year that ended March 31, 2022.  

Share price movement of Den Networks Limited

Today, the stock opened at Rs 30.95, with a high and low of Rs 30.95 and Rs 29. Today, the stock closed trading at Rs 29.78, up by 2.73%.

The stock has a 52-week high of Rs 46 and a 52-week low of Rs 25.40. The company has a market capitalisation of Rs 1421.17 crore.

Company profile 

Den network ltd is a mass media & entertainment company that provides visual entertainment to its customers through cable TV, over-the-top (OTT) entertainment, and broadband services. It has curated media content from Various broadcasters across a wide range of genres and entertains 13 million+ households in India across 13 key states and 433 cities and is the Largest Subscriber Base amongst all cable players in India.