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Highlights
- Sales over the Year and quarter: The company’s sales declined by -8.80% over the yearDecrease in net sales/revenue by -5.47%
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 129.79%Marginal increase in other income during this quarter, up by 14.78%.
- Profit over the Year and quarter: Challenges in sustaining profitability for DEN Networks Limited. Profit dropped by -38.95% Year to YearDEN Networks Limited’s profitability increased by 61.00% in this quarter.
- EPS over the Year and quarter: EPS declined by -40.71% Year to Year.EPS increased by 67.68%. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 282.906 Cr | Rs. 272.937 Cr | Rs. 258.017 Cr | -5.47% | -8.8% |
| Expenses | Rs. 246.83 Cr | Rs. 232.28 Cr | Rs. 218 Cr | -6.15% | -11.68% |
| Operating Profit | Rs. 36.08 Cr | Rs. 40.66 Cr | Rs. 40.02 Cr | -1.57% | + 10.92% |
| OPM % | 12.75 % | 14.9 % | 15.51 % | + 0.61% | + 2.76% |
| Other Income | Rs. 24.94 Cr | Rs. 49.93 Cr | Rs. 57.31 Cr | + 14.78% | + 129.79% |
| Interest | Rs. 0.6 Cr | Rs. 0.59 Cr | Rs. 0.64 Cr | + 8.47% | + 6.67% |
| Depreciation | Rs. 29.17 Cr | Rs. 28.1 Cr | Rs. 27.91 Cr | -0.68% | -4.32% |
| Profit before tax | Rs. 31.25 Cr | Rs. 61.9 Cr | Rs. 68.78 Cr | + 11.11% | + 120.1% |
| Tax % | 283.14 % | 22.33 % | 12.52 % | -9.81% | -270.62% |
| Net Profit | Rs. 126.2 Cr | Rs. 47.86 Cr | Rs. 77.05 Cr | + 60.99% | -38.95% |
| EPS in Rs | Rs. 2.8 | Rs. 0.99 | Rs. 1.66 | + 67.68% | -40.71% |
Today, we’re looking at DEN Networks Limited’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -8.8%. However, it did see a marginal slip of -5.47% from the previous quarter.Expenses decreased slightly by -6.15% quarter-on-quarter, aligning with the annual decline of -11.68%. Operating profit, while up 10.92% compared to last year, faced a quarter-on-quarter dip of -1.57%, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 2.76%, but an expansion of 0.61% sequentially. Other income rose by 14.78% compared to the last quarter,despite an annual growth of 129.79%. Interest expenses surged remarkably by 8.47% from the previous quarter, yet the year-over-year increase remains at a moderate 6.67%. Depreciation costs fell by -0.68% quarter-on-quarter, yet on an annual scale, they experienced a reduction of -4.32%. Profit before tax grew annually by 120.1% but saw an increase from the preceding quarter by 11.11%.
Tax expenses as a percentage of profits decreased slightly by -270.62% compared to last year, with a more notable quarter-on-quarter decrease of -9.81%. Net profit fell by -38.95% year-on-yearbut experienced a 60.99% expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -40.71% but a quarterly rise of 67.68%. In summary, DEN Networks Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 282.906 Cr | Rs. 272.937 Cr | Rs. 258.017 Cr | -5.47% | -8.8% |
| Expenses | Rs. 246.83 Cr | Rs. 232.28 Cr | Rs. 218 Cr | -6.15% | -11.68% |
| Operating Profit | Rs. 36.08 Cr | Rs. 40.66 Cr | Rs. 40.02 Cr | -1.57% | + 10.92% |
| Net Profit | Rs. 126.2 Cr | Rs. 47.86 Cr | Rs. 77.05 Cr | + 60.99% | -38.95% |
| EPS in Rs | Rs. 2.8 | Rs. 0.99 | Rs. 1.66 | + 67.68% | -40.71% |
In reviewing DEN Networks Limited’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -8.8% year-on-year, although there was a slight dip of -5.47% from the previous quarter.Expenses decreased by -11.68% compared to the previous year, with a decrease of -6.15% quarter-on-quarter. Operating Profit surged by 10.92% annually, and saw a -1.57% decrease from the last quarter.
Net Profit showed yearly decrease of -38.95%, and experienced a 60.99% increase from the previous quarter. Earnings Per Share (EPS) fell by -40.71% annually, however rose by 67.68% compared to the last quarter. In essence, while DEN Networks Limited exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.
