wordpress blog stats
Connect with us

Hi, what are you looking for?

DEN Networks broadband biz reports loss of Rs 7.4cr in Q4 FY18

Multi-System Operator DEN Networks had 107,000 broadband subscribers at the quarter (Q4 FY18) and fiscal year ended March 31, 2018, which is down with 5% from 112,000 subscribers in last fiscal. Last quarter (Q3 FY18), the operator had close to 215000 subscribers, this means that DEN lost about 108,000 subscribers this quarter.

DEN’s subscriber data usage has been growing while ARPU has been falling. For the year ended March 2018, ARPU fell by to Rs 632 from Rs 760 last fiscal year. This represents a decrease of 17%. The company did not share data usage. Last quarter (Q3 FY18), average data consumption per household stood at 80GB, up marginally at 2% from 78 GB from Q2 FY18, and 35.5% from 59 GB from Q3 FY17.

The company made revenues of Rs 16.6 crore for the quarter from its broadband segment, which is down 24% YoY from Rs 21.8 crore in Q4 FY17. For full FY18,  it made Rs 75.3 crore from broadband, down 8% from Rs 81.8 crore in FY17.

The broadband segment suffered a loss of Rs 7.4 crore during the quarter, which increased from 6.8 crore loss a year ago. The company said in its statement that broadband EBIDTA loss reduced to Rs 1 crore for FY18 as compared to Rs 9 crore in FY 17, primarily due to cost optimisation.

Broadband strategy

In a statement, it said that DEN its plans to tap broadband market by capitalising on its existing cable TV infrastructure.

Advertisement. Scroll to continue reading.

DEN provides cable services in over 400 towns across 13 states. As its strategy to expand broadband fixed line in 100 cities, it has already rolled out in 15 cities as part of its first phase of the plan.

Cable Segment

Total revenues from the cable segment stood at Rs 299 crore for the quarter, which is up –% from Rs 295 crore in Q4 FY17. For FY 2018, the cable revenues stood at Rs 1210, up 12.5% from Rs 1075.5 crore in FY 2017. Cable generated an EBITDA of Rs 284 crore in FY2018 as compared to Rs 194 crore in last financial year. The cable segment reported a profit of Rs 2 crore, against loss of Rs 10.2 crore in the same quarter last year. DEN deployed android boxes for 4K, interactive games, voice search using the mobile app, and content sharing.

Other Highlights

-DEN’s overall consolidated revenues stood at Rs 316 crore, from Rs 315 crore in FY 2017.
-Consolidated loss after tax stood at Rs 10 crore in Q4 FY18 compared to a loss of 59 crores in the same quarter previous year.
-Consolidated EBITDA stood falt at Rs 59 crore in Q4 FY18, as same as Rs 59 crore in Q4 FY17.
-DEN also partnered with BARC India for measuring TV viewership using Return Path Data (RPD). The company said in its deployment of new generation android boxes statement will help the company to improve performance.

Download: Investor Presentation | Financials

Advertisement. Scroll to continue reading.

You May Also Like


India had 747.4 million wireless and wireline broadband connections at the end of December 2020, an increase of 3% over a three-month period, according...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Your email address:*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ