Den Networks gains on reporting 28% rise in Q2 consolidated net profit
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Den Networks is currently trading at Rs. 33.55, up by 0.30 points or 0.90% from its previous closing of Rs. 33.25 on the BSE.
The scrip opened at Rs. 34.75 and has touched a high and low of Rs. 35.40 and Rs. 33.45 respectively. So far 120905 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 55.10 on 19-Oct-2021 and a 52 week low of Rs. 30.65 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 35.40 and Rs. 32.10 respectively. The current market cap of the company is Rs. 1605.86 crore.
The promoters holding in the company stood at 74.90%, while Institutions and Non-Institutions held 1.22% and 23.88% respectively.
Den Networks has reported results for second quarter ended September 30, 2022.
The company has reported a rise of 36.50% in its net profit at Rs 61.63 crore for the quarter under review as compared to Rs 45.15 crore for the same quarter in the previous year. However, total income of the company decreased by 0.72% at Rs 328.44 crore for Q2FY23 as compared Rs 330.81 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported rise of 27.74% in its net profit at Rs 48.12 crore for the quarter under review as compared to Rs 37.67 crore for the same quarter in the previous year. However, total income of the company decreased by 9.17% at Rs 325.82 crore for Q2FY23 as compared Rs 358.73 crore for the corresponding quarter previous year.
