Den Networks Ltd reports consolidated Q2 FY2024 PAT of Rs. 45.68 crores

Den Networks Limited has reported Consolidated financial results for the period ended September 30, 2023.

Financial Results (Q2 FY2024) - QoQ Comparison

The company has reported total income of Rs. 328.198 crores during the period ended September 30, 2023 as compared to Rs. 323.007 crores during the period ended June 30, 2023.

The company has posted net profit / (loss) of Rs. 45.682 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs. 42.623 crores for the period ended June 30, 2023.

The company has reported EPS of Rs. 0.96 for the period ended September 30, 2023 as compared to Rs. 0.89 for the period ended June 30, 2023.

Financials	Q2 FY2024	Q1 FY2024	% Change
Total Income	₹ 328.198 crs	₹323.007 crs	1.61%
Net Profit	₹45.682 crs	₹42.623 crs	7.18%
EPS	₹0.96	₹0.89	7.87%

Financial Results (Q2 FY2024) - YoY Comparison

The company has reported total income of Rs. 328.198 crores during the period ended September 30, 2023 as compared to Rs.325.820 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.45.682 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs.47.506 crores for the period ended September 30, 2022.

The company has reported EPS of Rs.0.96 for the period ended September 30, 2023 as compared to Rs.1 for the period ended September 30, 2022.

Financials	Q2 FY2024	Q2 FY2023	% Change
Total Income	₹ 328.198 crs	₹325.820 crs	0.73%
Net Profit	₹45.682 crs	₹47.506 crs	-3.84%
EPS	₹0.96	₹1	-4.00%

Financial Results (Half Year Ended FY2024) - YoY Comparison

The company has reported total income of Rs.651.205 crores during the 6 Months period ended September 30, 2023 as compared to Rs.613.117 crores during the 6 Months period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.88.305 crores for the 6 Months period ended September 30, 2023 as against net profit / (loss) of Rs.60.333 crores for the 6 Months period ended September 30, 2022.

The company has reported EPS of Rs.1.85 for the 6 Months period ended September 30, 2023 as compared to Rs.1.27 for the 6 Months period ended September 30, 2022.

Financials	Half Year Ended FY2024	Half Year Ended FY2023	% Change
Total Income	₹651.205 crs	₹613.117 crs	6.21%
Net Profit	₹88.305 crs	₹60.333 crs	46.36%
EPS	₹1.85	₹1.27	45.67%

Shares of Den Networks Limited was last trading in BSE at Rs. 52.51 as compared to the previous close of Rs. 54.17. The total number of shares traded during the day was 412800 in over 2370 trades.

The stock hit an intraday high of Rs. 54.21 and intraday low of 52.10. The net turnover during the day was Rs. 22000274.00.

Source : Equity Bulls

Keywords

DenNetworks Q2FY24 H1FY24 ResultUpdate