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Den Networks calls off merger with Hathway, TV18
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Den Networks Q4 subscription revenue down 15% to Rs 190 crore
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Den Networks consolidated net profit surged 50.5% to Rs 33.89 crore on a 0.5% decline in net sales to Rs 326.23 crore in Q4 FY21 over Q4 FY20.
On a consolidated basis, subscription revenues fell 15% to Rs 190 crore and activation revenues surged 63% to Rs 34 crore in Q4 FY21 over Q4 FY20.
EBITDA rose 2% to Rs 65 crore in Q4 FY21 from Rs 64 crore in Q4 FY20. EBITDA margin stood at 20% in Q4 FY21 over 19% in Q4 FY20. As on Q4 FY21, cash and cash equivalents stood at Rs 2,394 crore.
During the year ended 31 March 2019, Den Networks allotted on preferertial basis 28.14 crore equity shares of Rs 72.66 each, at a premium of Rs 62.66 per share aggregating to Rs 2,045 crore. The proceeds of peferential allotment amounting to Rs 2,045 crore have been temporarily invested in liquid mutual funds and fixed deposits, pending utilisation for same.
ACC to announce January-March earnings today. Macrotech Developers to list on the exchanges today. Stocks to track in trade for April 19, 2021: HDFC Bank, ICICI Lombard General Insurance, Bharti Airtel, Agro Tech Foods. | Photo Credit: BCCL
Key Highlights
Mindtree: Strong Q4 in-line, strong operational efficiency, and broad-based growth momentum.
Macrotech Developers to lists on stock exchanges today.
HDFC Bank
Reported a healthy quarter, with advances growth driven by both Corporate and continued revival in the Retail segment. Operating performance remained steady, led by robust business growth, stable margins, and controlled opex. The PAT came in at Rs 8186 cr vs Rs 6927cr, up 18.2% YoY. The Profits impacted by higher provisions NPA rise sharply at 71% QOQ but the Q4 GNPA at 1.32% vs. proforma NPA of 1.38% as of Dec 2020.
Here are the top stocks that are likely to be in focus today:
Macrotech Developers: The shares of Macrotech Developers will list on the bourses today. The IPO that ran between April 7-9 was subscribed 1.36 times. The issue price has been fixed at Rs 486 per share.
Earnings Today: ACC, ICICI Prudential Life Insurance Company, Bajaj Consumer Care, CRISIL, Agio Paper & Industries, Pratik Panels, Response Informatics, and Sri Chakra Cement will release quarterly numbers on April 19.
HDFC Bank: The private sector lender on Saturday reported a 15.8 per cent YoY rise in its consolidated net profit at Rs 8,434 crore for the quarter ended March 2021. The private sector lender had registered a net profit of Rs 7,280 crore in the corresponding quarter a year ago.
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