On January 15, the company reported a net profit of Rs 12.3 crore for Q3FY20 against a loss of Rs 31.2 crore in Q3FY19.
Shares of Den Networks hit 5 percent upper circuit on BSE on January 16, buoyed by a healthy third quarter.
The cable distribution company on January 15 reported a consolidated net profit of Rs 12.3 crore for Q3FY20 against a loss of Rs 31.2 crore in the same period last year.
Revenue from operations was Rs 318 crore against Rs 308 crore in the same quarter a year ago.
On standalone terms, the company's net profit stood at Rs 34.08 crore in the December quarter as against a net loss of Rs 21.52 crore during the same period last year.
Sales rose 14.60 percent to Rs 297.49 crore as against Rs 259.59 crore in the year-ago period.Den Networks was trading at Rs 57.70, up 4.34 percent, on BSE at 1000 hours.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.