Den Networks Q4FY17 Consolidated Net Loss Narrows To Rs.82 Crore Yoy

Den Networks consolidated revenue for the quarter came in at Rs. 317 crore, registering 19% yoy increase. This was driven by increase in revenue from Broadband and Cable distribution network by 45.7% yoy and 22.2% yoy respectively.

EBITDA for the quarter came at Rs. 56 crore v/s EBITDA loss of Rs. 30 crore in Q4FY16. EBITDA margin for the quarter stood at 17.8%. This margin improvement was aided by decrease in placement fees and other expenses by 38% yoy and 31% yoy respectively.

The net loss for the quarter came in at Rs. 82 crore v/s net loss of Rs. 263.16 crore in Q4FY16.

Looking at the full year numbers, we see that revenue jumped by 22% to reach Rs.1157.34 crore while EBITDA stood Rs. 178.81 crore. Company reported net loss of Rs.214.91 crore v/s net loss of Rs. 493 crore in FY16.

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