Broadcasting and cable TV service provider Den Network reported a consolidated net profit of Rs 1.11 crore for the September quarter led by cost optimisation measures.
The company had posted a net loss of Rs 43.96 crore in the July-September quarter last fiscal, the company said in a BSE filing.
Its total income during the quarter under review stood at Rs 334.90 crore, up 19.59 per cent, as against Rs 280.04 crore in the corresponding quarter of the last fiscal.
"Den has been able to improve operational performance consistently every quarter with constant focus on increasing the subscription collections on the ground with a much controlled cost base," Den Networks CEO S N Sharma said.
The company's total expense in the second quarter of the financial year 2017-18 stood at Rs 326.12 crore, up 0.64 per cent, as against Rs 324.03 crore in the similar quarter of the previous fiscal.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
