Den Networks Reports Slight Dip in Q3 Net Profit, Revenue

Den Networks Reports Slight Dip in Q3 Net Profit, Revenue

VoM News Desk | January 13, 2024 | 09:25 AM IST | Breaking News | Follow on Google News

Den Networks Reports Slight Dip in Q3 Net Profit, Revenue

Den Networks Reports Slight Dip in Q3 Net Profit, Revenue

Den Networks Ltd, the cable television distribution arm of Reliance Industries Group, reported a 3% decrease in consolidated net profit for Q3, reaching Rs 47.85 crore compared to Rs 49.32 crore in the same period the previous year. Total revenue experienced a marginal decline of 1.4% to Rs 272.93 crore from Rs 276.90 crore YoY. However, the company observed a 3.43% reduction in total expenses to Rs 260.96 crore during the quarter, potentially mitigating the impact on net profit and revenue. Despite the downturn, Den Networks remains a significant player in the cable television distribution sector, with future growth prospects anticipated.

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