DEN Networks Q2 Results Net Income Growth to ₹52.05 Crores

DEN Networks Q2 Results: The table for DEN Networks shows important financial information for the second quarter (Q2) of 2024. Year-over-year (YoY) means comparing this year’s results with last year's results. The total revenue for Q2 is ₹249.08 crores, which is a decrease of 9.95% YoY compared to ₹276.61 crores in Q2 of 2023. However, when looking at the quarter-on-quarter (QoQ) performance, revenue slightly increased by 0.63% from ₹247.53 crores in the first quarter (Q1) of 2024. This shows a small recovery despite the YoY decline.

DEN Networks’ net income, or profit, for Q2, is ₹52.05 crores, representing a 13.94% increase YoY from ₹45.68 crores in Q2 of the previous year. It also rose by 14.36% QoQ from ₹45.52 crores in Q1. This is good news for the company. The earnings per share (EPS) is another positive sign, standing at ₹1.09, which is a 13.54% increase YoY from ₹0.96.

Here's a summary of DEN Networks' Q2 financial results based on the information provided:

Source: Here 

For More Quarterly Results check our Twitter Page

Visit our website for more Quarterly results

DEN Networks Q2 Results

DEN Networks’ Revenue from operations is the money the company makes from its regular business activities, which is ₹2,447.12 million for this quarter. This is slightly higher than the previous quarter but lower than the same quarter last year. The total income combines revenue from operations and other income, totaling ₹3,119.97 million.

DEN Networks’ table includes costs for content, employee salaries, and other operational costs, adding up to ₹2,643.29 million this quarter. When we subtract total expenses from total income, we get the profit before tax, which is ₹476.68 million. After paying taxes, the profit after tax is ₹343.65 million.

Here’s a summary of the unaudited standalone financial results for the quarter and half-year ended 30th September 2024. 

The figures are presented in million rupees, except for per share data:

DEN Networks Financial Performance

DEN Networks is a company with a market cap of ₹2,391 crores, indicating its overall value in the stock market. The current stock price is ₹50.1, which shows how much one share costs right now. The highest price the stock reached is ₹69.4, while the lowest was ₹42.4, meaning the stock price has fluctuated within this range. The Price-to-Earnings (P/E) ratio is 10.9, suggesting the stock is relatively inexpensive compared to its earnings. With a book value of ₹73.7, the company has solid financial backing. 

Here's the information you provided presented in a simple table format:

Quarterly Results 

In the financial results for DEN Networks from March to September 2024, the company showed some ups and downs. In March 2024, DEN Networks had sales of Rs. 258 crores and a strong net profit of Rs. 77 crores, with earnings per share (EPS) of Rs. 1.66. However, in June 2024, sales dropped slightly to Rs. 248 crores, and the net profit fell to Rs. 43 crores, resulting in an EPS of Rs. 0.95. By September 2024, sales stabilized at Rs. 249 crores, and the net profit improved to Rs. 52 crores, with EPS rising to Rs. 1.09, indicating some recovery.

Here’s the version of the quarterly financial results for Mar 2024, Jun 2024, and Sep 2024, along with their particulars:

About DEN Networks 

DEN Networks is a major telecommunications company in India that provides cable television and broadband internet services. Founded in 2007 and headquartered in New Delhi, it quickly became one of the leading cable distributors in the country. In 2018, DEN Networks was acquired by Reliance Industries, which now owns a significant portion of the company. This acquisition helped DEN expand its services and improve its technology. Before the takeover, DEN had around 106,000 broadband subscribers, making it a well-known name in the industry. 

With its focus on delivering high-quality services, DEN Networks aims to meet the growing demand for internet and cable services across India. The company's CEO, S.N. Sharma, leads the organization as it continues to grow and adapt in the competitive telecommunications market. Today, DEN Networks plays an important role in connecting people and providing entertainment through its services.