Broadcasting and cable TV service provider Den Network reported a consolidated net profit of Rs 1.11 crore for the September quarter led by cost optimization measures.
The company had posted a net loss of Rs 43.96 crore in the July-September quarter last fiscal, the company said in a BSE filing.
Its total income during the quarter under review stood at Rs 334.90 crore, up 19.59 percent, as against Rs 280.04 crore in the corresponding quarter of the last fiscal.
"Den has been able to improve operational performance consistently every quarter with constant focus on increasing the subscription collections on the ground with a much controlled cost base," Den Networks CEO S N Sharma said.
The company's total expense in the second quarter of the financial year 2017-18 stood at Rs 326.12 crore, up 0.64 percent, as against Rs 324.03 crore in the similar quarter of the previous fiscal. – Money Control