Den Networks Q2 net profit up 36.50% at Rs 61.63 cr
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The company reported standalone net profit of Rs 61.63 crore for the quarter ended September 30, 2022 as compared to Rs 45.15 crore in the same period last year, registering a year-on-year growth of 36.50 per cent. Net revenue of the company declined by 5.48 per cent at Rs 279.33 crore in July-September quarter of this fiscal as against Rs 295.53 crore in the corresponding period last year.
During July-September quarter, operating expenses dropped by 5.07 per cent to Rs 249.37 crore from Rs 262.68 crore in year ago period. Other Income grew by 39.23 per cent at Rs 49.12 crore versus (Sep'21 Rs 35.28 crore). Operating Profit slipped by 8.80 per cent to Rs 29.96 crore as against Rs 32.85 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 3.60 per cent in September quarter. Interest declined by 23.08 per cent y-o-y to Rs 0.20 crore
