Den Networks reports 26% rise in consolidated revenues

Den noted that the consolidated EBITDA jumped 52 percent on a Y-o-Y basis to Rs 367.71 crores, while the consolidated PBT rised 18 percent on a  Y-o-Y basis to Rs 135.40 crores.

The company further said that the Cable Business Revenues were up 26 percent on a Y-o-Y basis to at Rs 1,115.39 crores.

The Cable Business EBITDA jumped 54 percent on a Y-o-Y basis to Rs 357.51 crores, while the Cable Business PBT jumped 21 percent Y-o-Y to Rs 125.64 crores.

Den noted that on a Quarter (Q4 FY 2013-14) basis, the Consolidated Revenues were up 10 percent Y-o-Y to Rs 325.67 crores.

Consolidated EBITDA of Rs 92.38 crores remained steady despite incurring expenses on broadband and DAS 3 & 4 cities, while the Consolidated PAT jumped 43 percent Y-o-Y to Rs 10.04 crores.

The Cable Business Revenues rose 10 percent Y-o-Y to Rs 308.23 crores, the Cable Business EBITDA of Rs 90.29 crores remained steady despite incurring expenses on broadband and DAS 3 & 4 cities.

Moreover, the Cable Business PAT jumped 148 percent to Rs 14.64 crores.

According to the officials, Den had started the rollout of its high speed broadband services.

The company has soft launched its broadband services on DOCSIS 3.0 technology in parts of Delhi and is now in the process of scaling up rapidly in other parts of Delhi and selective cities of UP, the officials informed.

A leading global strategy consulting firm has been taken on board to provide overall project management, including market identification, rollout strategy, technological inputs and providing global expertise, Den said.

Moreover, Den has started billing its subscribers as per their chosen channel package in its Phase 1 markets.

The process is expected to pick up for the Phase 2 cities over the next few quarters.

As per the direction issued by the TRAI recently, all MSOs have been mandated to send individual subscriber bills, provide an electronic payment mechanism and send a payment acknowledgement receipt to their subscribers in DAS markets.

S.N. Sharma, CEO, Den Networks Ltd., said, "We are pleased with the company's overall financial performance especially at a time when the company is investing to upgrade its back-end systems and readying itself for the launch of high speed broadband services on the DOCSIS 3.0 platform."

Sharma added, "DEN is focused on digitizing its existing subscriber base and providing delight to its customers by providing superior services on its state of the art digital platform."