DEN NETWORKS Announces Quarterly Results (1QFY20); Net Profit Up 147.9%

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DEN NETWORKS Announces Quarterly Results (1QFY20); Net Profit Up 147.9%
Mon, 15 Jul

DEN NETWORKS has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

DEN NETWORKS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m3,1422,7313,13214.7%-0.3%
Other incomeRs m8828051283.3%482.3%
TurnoverRs m3,2303,0113,64421.0%12.8%
ExpensesRs m2,6782,3572,72015.4%1.6%
Gross profitRs m458-1,737412-10.1%
DepreciationRs m62752557710.0%-7.9%
InterestRs m16613517630.5%6.1%
Profit before taxRs m-247-2,117171
TaxRs m331637132.4%11.1%
Profit after taxRs m-280-2,133134
Gross profit margin%14.6-63.613.2
Effective tax rate%-13.4-0.721.5
Net profit margin%-8.7-70.93.7
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter fell 0.3% on a year-on-year (YoY) basis. The expenses were up by 1.6% YoY during the same period.
  • The company's operating profit declined by 10.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.2% in 1QFY20 as against 14.6% in 1QFY19.
  • Depreciation charges declined by 7.9% and finance costs increased by 6.1% YoY, respectively.
  • Other income increased by 482.3% YoY during the quarter.
  • Net profit for the quarter increased by 147.9% YoY. Net profit margins during the quarter increased from -8.7% in 1QFY19 to 3.7% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 14.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 15.4% QoQ during the same period.
  • The company's operating profit increased by 123.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.2% in 1QFY20 as against 63.6% in 4QFY19.
  • Net profit for the quarter increased by 106.3% QoQ, while net profit margins increased from -70.8% in 4QFY19 to 3.7% in 1QFY20.

To see how DEN NETWORKS has performed over the last eight quarters,please visit here.

DEN NETWORKS Share Price Performance

Over the last one year,DEN NETWORKS share price has moved up from Rs 56.2 to Rs 65.9, registering a Gain of Rs 9.8 or around 17.4%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,618.7 (up 2.1%). Over the last one year it has moved up from 7,296.9 to 7,618.7, a gain of 322 points (up 4.4%).

Overall, the S&P BSE SENSEX is up 6.3% over the year.

Current Valuations

At the current price of Rs 65.9, the price to book value (P/BV) ratio of DEN NETWORKS stands at 1.3 times.

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Related Views on News

DEN NETWORKS Announces Quarterly Results (2QFY20); Net Profit Down 53.6% (Quarterly Result Update)

Oct 14, 2019 | Updated on Oct 14, 2019

For the quarter ended September 2019, DEN NETWORKS has posted a net profit of Rs 71 m (down 53.6% YoY). Sales on the other hand came in at Rs 3 bn (up 7.1% YoY). Read on for a complete analysis of DEN NETWORKS's quarterly results.

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