MUMBAI: National multisystem operator Den Networks has reported a drop in revenues in Q2 FY 2025 ended 30 September 2024, even as its profitability has improved as compared to year ago same period on a consolidated basis.

In regulatory filings with the Bombay stock exchange (BSE), DEN declared Rs 2490.80 million in operating revenue as against an operating revenue of Rs 2766.13 million in the year ago Q2 period. That is a drop of around 9.95 per cent. Its subscription revenue too saw a dip to Rs 1210 million from Rs 1460 million in the same year-ago period. EBITDA plunged 35 per cent to Rs 280 million in Q2FY2024 as compared to Rs 430 million in Q2FY 2024.

Unlike GTPL Hathway which reported a drop in its net profit, DEN Networks said its net profit rose 13.94 per cent to Rs 520.5 million in  Q2 FY 2025 as against Rs 456.8 million in the quarter ended 30  September 2023. Its

On a half yearly basis ended 30 September 2024, the company’s total consolidated revenue crashed to Rs 4966.08 million as against Rs 5497.94 million in the half year ended 30 September 2023. Its profit after tax for the latest H1 FY 2025 period rose to Rs 949.40 million as against Rs 878.85 million in H1 FY2023.Its operating profit  before working capital changes fell to Rs 465.74 million from Rs 589.15 million. The cash the company generated from operations nosedived to Rs 222.69 million (Rs 677.28 million).

Den Networks'  share price was shaved by 47 paise to close at Rs 51.75 at the end of trading.