Den Networks Limited released its Investors Presentation detailing the audited financial results for the quarter and financial year ended March 31, 2026.
Business Overview
Den Networks operates through two key segments. The Cable Business, incorporated in 2007 and registered in Maharashtra, is a leading Cable TV Distribution company. Its Cable operations span over 450+ cities/towns across 13 key states in India, including Delhi, Uttar Pradesh, Karnataka, Maharashtra, Gujarat, Rajasthan, Haryana, Kerala, West Bengal, Jharkhand, Bihar, Madhya Pradesh, and Uttarakhand.
The company's Broadband segment is handled by DEN Broadband Limited, which was incorporated in 2011 and is headquartered in New Delhi. This subsidiary holds a Unified License and is a wholly owned subsidiary of Den Networks Limited.
Key Financial Highlights (Q4 FY25-26)
For the quarter ended March 31, 2026, Den Networks reported several key financial metrics:
- Cash & Cash Equivalents stand at Rs. 3,283 crores.
- The Profit After Tax (PAT) was Rs. 36 crores.
- The company reports Zero Gross Debt and maintains an online Collection rate of 97%, including subsidiaries.
Consolidated Financial Performance
The consolidated financial performance highlights a detailed comparison across multiple periods. Total Revenue for Q4 FY25-26 was Rs. 241 crore. Key line items comparing the recent quarter to prior periods include:
| Particulars (INR Crore) | Q4' FY 25-26 | Q3' FY 25-26 | Q4' FY 24-25 | FY 25-26 | FY 24-25 | Q4' FY 25-26 V/s Q3' FY 25-26 | Q4' FY 25-26 V/s Q4' FY 24-25 | FY 25-26 v/s FY 24-25 |
|---|---|---|---|---|---|---|---|---|
| Subscription | 92 | 98 | 107 | 396 | 469 | (6%) | (14%) | (16%) |
| Placement/ Marketing Income | 142 | 148 | 132 | 548 | 490 | (4%) | 7% | 12% |
| Other operating Income | 5 | 3 | 6 | 21 | 28 | 65% | (23%) | (25%) |
| Activation Income | 2 | 2 | 3 | 8 | 18 | (19%) | (31%) | (53%) |
| Revenue | 241 | 251 | 248 | 974 | 1,005 | (4%) | (3%) | (3%) |
| Content Cost | 155 | 164 | 143 | 621 | 585 | (5%) | 8% | 6% |
| Personnel Cost | 15 | 17 | 20 | 69 | 80 | (10%) | (22%) | (13%) |
| Other Opex | 48 | 53 | 52 | 200 | 224 | (9%) | (8%) | (11%) |
| Provision for doubtful debts | 7 | 4 | 4 | 15 | 5 | 67% | 63% | 236% |
| Total Cost | 225 | 238 | 220 | 906 | 893 | (5%) | 3% | 1% |
| EBIDTA | 15 | 13 | 28 | 68 | 112 | 17% | (46%) | (39%) |
| EBIDTA% | 6% | 5% | 11% | 7% | 11% | |||
| Dep&Amort | 21 | 23 | 26 | 91 | 106 | |||
| Finance Costs | 0 | 0 | 1 | 2 | 2 | |||
| Other Income | 53 | 57 | 65 | 232 | 244 | |||
| Share of profit / (loss) of associates | 2 | 1 | 2 | 1 | 0 | |||
| PBT | 49 | 48 | 69 | 208 | 249 | 3% | (28%) | (16%) |
| Tax Expense | 13 | 8 | 9 | 42 | 52 | |||
| PAT | 36 | 40 | 60 | 166 | 197 | (10%) | (39%) | (16%) |
| Other Comprehensive Income | (1) | 1 | 0 | 0 | 1 | |||
| TCI | 36 | 41 | 60 | 166 | 197 | (13%) | (40%) | (16%) |
Consolidated Balance Sheet Snapshot
Comparing the balance sheet figures reveals the company's total assets and equity position:
| Particulars (INR Crore) | 31-03-2026 | 31-12-2025 |
|---|---|---|
| Share Capital | 477 | 477 |
| Reserves & Surplus | 3,308 | 3,271 |
| Net Worth | 3,785 | 3,748 |
| Minority Interest | 41 | 45 |
| Deffered Revenue | 39 | 40 |
| Trade Payables | 286 | 329 |
| Other Liabilities | 132 | 140 |
| Total Equity & Liabilities | 4,283 | 4,302 |
| Fixed Assets, Net | 254 | 269 |
| Capital work-in-progress | 8 | 9 |
| Goodwil on Consolidation | 150 | 150 |
| Fixed Assets | 412 | 428 |
| Non-Current Investment | 66 | 64 |
| Trade Receivables | 171 | 247 |
| Cash& Cash Equivalents | 3,283 | 3,279 |
| Other Assets | 351 | 284 |
| Total Assets | 4,283 | 4,302 |
DEN Stock Price Movement
On Monday, Den Networks Limited shares edged higher, closing at ₹29.1 after gaining 0.62% for the session. The stock saw substantial interest in its trading activity, with 918,410 shares traded throughout the day.Source:
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