Investor Update – Q3 FY 2009-10

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Investor Update – Q3 FY 2009-10 Powered By Docstoc
					Press Release for Immediate Publication

January 29, 2010



Summary of Financial Performance for the Period Ended December 31, 2009

  Financial Highlights
           .
               Consolidated Revenues at Rs 237 crore; QoQ growth of 6%.

               Consolidated EBITDA at Rs 28.7 crore; QoQ growth of 35%.

               PAT at Rs 7.72 cr; QoQ growth of 261%

  Other Highlights

               DEN’s leadership status in Indian cable & its pioneering role in the consolidation of the
                industry are paying dividends for the company.

               DEN Launches 24 hr Music Service Spanning 10 Genres on its Digital Platform

               DEN Launches Micro-blogging service ‘blog.telly’ on its digital platform



DEN Networks Limited announced its results for Q3 FY2009-10. Reflecting on the performance,
Mr. Sameer Manchanda, Chairman, Den Networks Limited, said:

“The results are a reflection of rapid consolidation of our position in the fast growing television
industry. We expect the trend to continue over the next few years, which should also see the
emergence of unique value added service offerings.”

                                          Qtr Ended December         9 Months ended           Year Ended
   Particulars
                                          09                         December 09              March 2009
    Income from Operations                          235.24                    672.79             716.35
   EBIDTA                                          28.69                      73.11              12.63
   Profit After Tax                                 7.72                      13.09             (15.11)
The Consolidated Revenues during the quarter ended December 31, 2009 increased by 6% to Rs 237
crores reported in the earlier quarter.

The EBIDTA during the quarter grew 35% to Rs.28.7 crores reported in the earlier quarter ended
September 2009.

The PAT(Profit After Tax) during the quarter grew 261% to Rs.7.72 crores.



Other Highlights

       DEN’s leadership status in Indian cable & its pioneering role in the consolidation of the
        industry are paying dividends for the company.

       DEN Launches 24 hr Music Service Spanning 10 Genres on its Digital Platform: Genres span
        ‘New Hindi Movie Hits’, ‘Old Classics’, ‘Latest English’ and ‘Old English Classics’ and regional
        music. Each song is accompanied by details such as singer name, album and music director.

       DEN Launches Micro-blogging service ‘blog.telly’ on its digital platform: Subscribers can blog
        on TV through SMS or via the DEN’s digital website. ‘blog.telly’ offers various discussion forums
        revolving around current affairs, socio-economic issues, movies, sports and TV gossip.



About DEN Networks Limited:

Promoted by Sameer Manchanda, Den Networks Ltd. is one of the leading cable television companies in
India with a pan-Indian subscriber base of approx. 10 million. Den has expanded its services to 77 cities
across India.

DEN currently provides cable television services in the National Capital Region of Delhi and the states
of Uttar Pradesh, Rajasthan, Maharashtra, Gujarat, Karnataka, Haryana, Madhya Pradesh and Kerala. It
has obtained an all-India ISP license and has recently commenced a limited roll out of broadband
internet services in select areas, which it intends to expand in all the other cities where it operates.

				
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