Den Networks has incurred a loss of INR626 million in Q3 FY 2015. The MSO has generated a consolidated revenue of INR2.6 billion in the third quarter FY 2014-15 as against INR2.74 billion in the third quarter FY 2013-14.
The company has recorded a revenue of INR2.56 billion and INR22 million from cable business and broadband segments respectively. Delhi Dynamos Football club, distribution and TV Commerce (Den-Snapdeal joint venture) segments have generated a revenue of INR81 million, INR13 million and INR6 million respectively during the third quarter FY 2015.
In the cable business, Den has incurred a net loss of INR118 million in the third quarter FY 2015 as compared to INR63 million in the second quarter of FY 2015. However, the company said that for the quarter under review, the revenue is net of LCO share. Its cable business subscription revenue net off LCO share grew 18%, up by 11% year-on-year. It has increased to INR1.16 billion in Q3 FY 2015 from INR970 million in Q3 FY 2014. Its placement revenue stood at INR1.15 billion, digital set-top-box activation revenue was INR150 million and revenue from other operating income stood at INR104 million.
The channel operated by Den-Snapdeal has reached 19 million homes and clocked gross merchandise value of over INR1 billion in Q3 FY 2015, said the company in its financial statement. Den Networks has seeded over 197,000 set-top-boxes during the quarter taking the total STB deployment to 6.8 million in India.
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