Business

Den Networks Q2 consolidated net profit declines 61.4% to Rs 36 cr

Cable and broadband providers supplier Den Networks on Wednesday reported a 61.41 per cent decline in its consolidated net profit to Rs 36.77 crore within the second quarter ended September 30.

The firm had reported a net profit of Rs 95.30 crore within the September 2019 quarter, Den Networks mentioned in a regulatory submitting.

Its whole earnings stood at Rs 378.81 crore, up 1.06 per cent in the course of the quarter as towards Rs 374.82 crore a yr in the past.

Den Networks’ whole bills had been at Rs 338 crore as towards Rs 365.27 crore, down 7.46 per cent.

Its income from cable distribution community was Rs 318.82 crore and from broadband providers, Rs 18.84 crore.

Shares of Den Networks Ltd on Wednesday settled at Rs 85.75 on the BSE, down 3.43 per cent from the earlier shut.

(Only the headline and film of this report might have been reworked by the Business Standard workers; the remainder of the content material is auto-generated from a syndicated feed.)

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