DEN Networks Limited Reports Consolidated and Standalone Unaudited Earnings Results for Third Quarter and Nine Months Ended December 31, 2015
January 29, 2016 at 01:31 pm
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DEN Networks Limited reported consolidated and standalone unaudited earnings results for third quarter and nine months ended December 31, 2015. For the quarter, on consolidated basis, the company reported income from operations of INR 3,502.2 million, total income from operations of INR 3,521.8 million, loss from operations before other income and finance costs of INR 130.5 million, loss after tax of INR 483.7 million or INR 2.71 per basic and diluted share compared to the income from operations of INR 2,635.6 million, total income from operations of INR 2,688.1 million, loss from operations before other income and finance costs of INR 479.3 million, loss after tax of INR 626.0 million or INR 3.51 per basic and diluted share for the same quarter a year ago. EBITDA was INR 430 million compared to INR 0 million a year ago. Loss before tax was INR 210 million compared to INR 470 million a year ago.
For the nine months period, on consolidated basis, the company reported income from operations of INR 8,836.6 million, total income from operations of INR 8,890.7 million, loss from operations before other income and finance costs of INR 1,315.3 million, loss after tax of INR 1,754.9 million or INR 9.85 per basic and diluted share compared to the income from operations of INR 8,510.4 million, total income from operations of INR 8,593.4 million, loss from operations before other income and finance costs of INR 401.4 million, loss after tax of INR 819.3 million or INR 4.6 per basic and diluted share for the same period a year ago. EBITDA was INR 270 million compared to INR 980 million a year ago. Loss before tax was INR 1,340 million compared to INR 410 million a year ago.
For the quarter, on standalone basis, the company reported income from operations of INR 2,064.3 million, total income from operations of INR 2,273.0 million, loss from operations before other income and finance costs of INR 111.2 million, loss after tax of INR 143.2 million or INR 0.8 per basic and diluted share compared to the income from operations of INR 1,755.4 million, total income from operations of INR 1,793.3 million, loss from operations before other income and finance costs of INR 321.0 million, loss after tax of INR 271.8 million or INR 2.75 per basic and diluted share for the same quarter a year ago.
For the nine months period, on standalone basis, the company reported income from operations of INR 6,316.7 million, total income from operations of INR 6,657.3 million, loss from operations before other income and finance costs of INR 1,409.8 million, loss after tax of INR 1,232.2 million or INR 6.91 per basic and diluted share compared to the income from operations of INR 6,094.3 million, total income from operations of INR 6,351.9 million, loss from operations before other income and finance costs of INR 734.4 million, loss after tax of INR 591.2 million or INR 3.32 per basic and diluted share for the same period a year ago.
DEN Networks Limited is an India-based mass media and entertainment company. The Company is primarily engaged in the distribution of television channels through a digital cable distribution network. It provides visual entertainment to its customers through cable television (TV), over-the-top (OTT) entertainment and broadband services. It curates media content from various broadcasters across a range of genres and entertains approximately 13 million+ households in India across 13 key states and 433 cities. The Company operates through two segments: Cable and Broadband. Cable segment consists of distribution and promotion of television channels. Broadband segment consists of providing Internet services. Its Cable & Broadband operations cover approximately 500 cities/towns across Uttar Pradesh, Karnataka, Maharashtra, Gujarat, Rajasthan, Haryana, Kerala, West Bengal, Jharkhand, Bihar, Madhya Pradesh and Uttarakhand in India. The Company offers DEN Cable, Broadband and DEN TV+.