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Report on Shemaroo

Den Networks’ Q4 subscription revenue down 15% to Rs 190 crore

Activation revenues have grown by 24 per cent.

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KOLKATA: Multi-system operator Den Networks has reported consolidated net profit at Rs 33.89 crore for the fourth quarter of financial year 2021 (FY21), a 50.56 per cent rise year-on-year basis. 

Revenue from the operations stood at Rs 320.79 crore from the quarter, sharply declining from Rs 1195.48 crore in the same quarter a year ago. Total income also declined, down 3.49 per cent at Rs 355.52 crore during the quarter under review as against Rs 368.39 crore in the same period a year ago.

The company’s consolidated EBITDA was at Rs 65 crore at the end of Q4, a marginal increase from Rs 64 crore during the corresponding period of FY20.

Den’s cable operations cover over 500+ cities/towns across 13 key states in India. While the cable business was incorporated in 2007, Den Broadband Ltd was incorporated in 2011. The company has its registered office in New Delhi. At present, it has enabled fixed broadband services across 41 cities or towns in India.

However, the operator has seen a huge decline in subscription revenue tumbling to Rs 190 crore, a 15 per cent degrowth year-on-year from Rs 222 crore. Activation revenues have grown by 24 per cent to reach Rs 34 crore compared to Rs 21 crore in the same quarter last year.

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