Den networks declines sharply on poor Q4 numbers
Den Networks reported its results for the quarter ended March 31, 2017, on Monday.
Total sales for this quarter, Q4FY17, came in at Rs. 317.2 crores. This represents a 6.1 per cent sequential increase and 19.1 per cent YoY increase.
Operating loss for the recently concluded quarter amounted to Rs. 17.7 crore v/s operating loss of Rs. 94.7 crore in Q4FY16.
It reported the net loss (adjusted) of Rs. 82.5 crore v/s net loss of Rs. 39 crore in Q3FY17.
Today, the stock opened at Rs. 98.55 and touched its intra-day low of Rs. 82.35 on the BSE.
Den Networks is a cable television company, engaged in distribution of analogue and digital cable television and broadband services.