Cable Television operator and broadband service provider DEN Network on Tuesday posted its quarterly results for the quarter ended March 31, 2020. DEN Broadband, a wholly-owned subsidiary of DEN Networks reported a net loss of Rs 4 crore in Q4 FY 20.
- Revenue of Rs 17.6 crores in Q4 FY 20
- EDIBTA of Rs 1.3 crores in Q4 FY 20
- Loss before Tax of Rs 4.4 crores in Q4 FY 20
- Loss after Tax of Rs 4 crores in Q4 FY 20
DEN Broadband revenue remained unchanged from Q3 FY 20 at Rs 17.6 crores seeing 0% Q-o-Q growth. Total cost reduced from Rs 16.8 crores to Rs 16.3 crores on the account of reduced other opex.
EBIDTA grew at 74% Q-o-Q. It stood at Rs 1.3 crores compared to Rs 0.8 crores. Loss after Tax decreased from Rs 5.5 crores to Rs 4.4 crores in Q4 FY 20. Loss after Tax decreased from Rs 5.5 crores to Rs 4 crores in Q4 FY 20.
FY 20 revenue at Rs 70.7 crores saw a 1% Y-o-Y growth as compared to Rs 66.7 crore revenue in FY 19. Total cost came down from Rs 66.8 crores in FY 19 to Rs 67.2 crores in FY 20. Loss after tax came down from Rs 25.3 crores in FY 19 to Rs 20.6 crores in FY 20. Loss after tax came down from Rs 42.2 crores to Rs 20.2 crores.
DEN Broadband currently provides its services across 47 cities in India. It was incorporated in 2011 and is a category A ISP covering operations mainly in Delhi, Uttar Pradesh, Karnataka, Maharashtra, Gujarat, Rajasthan, Haryana, Kerala, West Bengal, Jharkhand, Bihar, Madhya Pradesh and Uttarakhand.