DEN Networks Q2 Results Live: Profit Rises by 13.94% YOY

DEN Networks Q2 Results Live : DEN Networks announced their Q2 results on October 10, 2024, revealing a complex financial performance. While the company experienced a topline decrease of 9.95% year-over-year, it also reported a notable profit increase of 13.94% during the same period.

In comparison to the previous quarter, DEN Networks saw a slight revenue growth of 0.63% and a profit increase of 14.36%. These figures indicate a potential stabilization in performance despite the annual revenue decline.

The company's Selling, General & Administrative (SG&A) expenses remained unchanged quarter-over-quarter, yet showed a decrease of 3.81% year-over-year, suggesting improved cost management.

However, the operating income was significantly impacted, dropping by 82.56% quarter-over-quarter and 97.02% year-over-year, highlighting challenges in operational efficiency.

Earnings per share (EPS) for Q2 stood at ₹1.09, which represents a year-over-year increase of 13.54%, providing some positive news for shareholders amid the revenue decline.

Despite these mixed results, DEN Networks has struggled in the market, delivering a -1.88% return over the last week, -1.37% over the past six months, and a more concerning -9.32% year-to-date return.

Currently, DEN Networks boasts a market capitalization of ₹2468.69 Cr, with a 52-week high of ₹69.4 and a low of ₹42.45, reflecting fluctuations in investor confidence.