DEN Networks posted yet another quarter of profits with a strong performance on a year on year basis. However sequentially, the company saw no growth. Content costs were up in the quarter while employee benefit expenses were down 22 percent. In an interview with CNBC-TV18, SN Sharma, CEO of the company spoke about the results and his outlook for the company.
The number of devices keep increasing in the home, he said.
We have registered an EBITDA of Rs 81 crore, last quarter it was Rs 82 crore, vis-à-vis previous year, and it is a growth of 54 percent. We clocked Rs 53 crore EBITDA in the same quarter previous year. Going forward, I am sure quarter-on-quarter our revenues will keep on increasing in the range of 6-7 percent, he added.
Speaking about subscribers, he said that the subscription rate varies from area to area. Currently, we operate in the universe of 13 million subscribers and we have already digitalised 11.5 million subscribers.
In coming quarters on monthly basis, we will be adding around 80,000 subscribers to our digital kitty, he further mentioned.
For full interview, watch accompanying video...
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