Categories: Business

DEN Networks' profit up by four-fold in first quarter to Rs 58.32 crore


Den Networks posts over four-fold jump in Q1 profit at Rs 58.32 crore

new Delhi. Cable and broadband service provider DEN Networks said on Tuesday that its net profit has increased four-fold to Rs 58.32 crore in the first quarter of FY 2020-21. The company said that the reduction in expenses has led to an increase in profits.

DEN Networks earned a net profit of Rs 14.31 crore in the same period of the previous financial year. The company told the stock market that its total income in the quarter under review was Rs 364.46 crore, compared to Rs 364.39 crore in the year-ago period. During this period, the company's total expenditure decreased by 12.77 percent to Rs 302.95 crore.

Karur Vysya Bank appointed Ramesh Babu as MD and CEO

Karur Vysya Bank said on Tuesday that it has appointed Ramesh Babu as managing director and chief executive officer. Karur Vysya Bank told the stock market that in a meeting held on July 20, the board of directors selected Ramesh Babu as an additional director and appointed him as MD and CEO of the bank for three years.

The bank said that Ramesh Babu's tenure will be for three years from the date he takes over as per the terms and conditions accepted by the Reserve Bank of India. In January this year, Karur Vysya Bank said that its managing director and CEO PR Seshadri resigned for personal reasons.

This post was published on July 21, 2020 2:59 pm

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