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Last Updated : Jan 16, 2020 10:12 AM IST | Source: Moneycontrol.com

Den Networks share price hits 5% upper circuit on strong Q3 show

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.

 
 
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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.

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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.

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First Published on Jan 16, 2020 10:12 am
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