Den Network share: Mukesh Ambani has many companies which are listed in the stock market. The share prices of some of these companies are at the level of Rs 50 or even less. The share price of cable service provider DEN Networks Limited is also around this. Now DEN Networks Limited has released its September quarter results.
How were the quarterly results?
In the September quarter, the company registered a 14% increase in net profit on year-on-year (YoY) basis and it reached ₹52 crore. In the same quarter of the last financial year, DEN Networks had earned a profit of ₹45.6 crore.
The company’s revenue from operations declined 10% to ₹249 crore as against ₹276.6 crore in the corresponding period last fiscal. At the operational level, Ebitda fell 35.5% to ₹27.8 crore in the second quarter of this financial year from ₹43.1 crore in the year-ago period. EBITDA margin in Q2FY25 stood at 11.2%.
share status
The results came after the market closed. Shares of DEN Networks Ltd closed at ₹51.75, down ₹0.47 or 0.90% on BSE. In January 2024, this share reached the level of Rs 69.40. This is the 52-week high of the stock. In October 2023 this share was at Rs 42.48. This is the 52 week low of the stock. This stock has given negative returns in the year 2024.
shareholding pattern
Talking about the shareholding pattern of DEN Networks Limited, the promoter holds 74.90 percent stake. Public shareholders hold 25 percent stake. Mukesh Ambani’s Reliance Industries has stake on this company. DEN Networks Promoter Group includes Vandana Manchanda, Kavita Manchanda, Sameer and Sanjeev Manchanda. Apart from this, Reliance Industries Investments and Holdings Limited, Reliance Ventures Limited, Jio Television Distribution Holdings Private Limited, Jio Futuristic Digital Holdings Private Limited and Network 18 Media and Investments Limited also have stake.
