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Den Networks surges on reporting over 2- fold jump in Q4 consolidated net profit
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Den Networks is currently trading at Rs. 29.84, up by 0.85 points or 2.93% from its previous closing of Rs. 28.99 on the BSE.
The scrip opened at Rs. 30.95 and has touched a high and low of Rs. 30.95 and Rs. 29.60 respectively. So far 109611 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 46.00 on 28-Apr-2022 and a 52 week low of Rs. 25.40 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 30.95 and Rs. 28.13 respectively. The current market cap of the company is Rs. 1429.29 crore.
The promoters holding in the company stood at 74.90%, while Institutions and Non-Institutions held 1.46% and 23.64% respectively.
Den Networks has reported over 3-fold jump in its net profit at Rs 153.52 crore for the quarter ended March 31, 2023 as compared to Rs 50.94 crore for the same quarter in the previous year. However, total income of the company decreased by 1.15% at Rs 311.72 crore for Q4FY23 as compared Rs 315.36 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported over 2-fold jump in its net profit at Rs 126.20 crore for fourth quarter ended March 31, 2023 as compared to Rs 48.61 crore for the same quarter in the previous year. However, total income of the company decreased by 5.91% at Rs 310.12 crore for Q4FY23 as compared Rs 329.60 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported 49.47% rise in its net profit at Rs 283.31 crore as compared to Rs 189.54 crore for the previous year. However, total income of the company decreased by 3.50% at Rs 1230.88 crore for year under review as compared to Rs 1,275.46 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported 38.16% rise in its net profit at Rs 236.36 crore as compared to Rs 171.08 crore for the previous year. However, total income of the company decreased by 7.74% at Rs 1,242.58 crore for year under review as compared to Rs 1,346.76 crore for year ended March 31, 2022.
