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Den Networks Ltd
| Standalone Financial Results – Q4 & FY Ended 31 March 2026
Report Source
⬤14th Apr 26
Summary : DEN Networks reported mixed financial results with standalone profit increasing but consolidated profit declining, while auditors issued an unmodified opinion.
Quarterly Report Analysis & Insights
Financial Disclosures
- Standalone Total expenses (FY26): Rs. 10,648.32 million.
- Consolidated Total expenses (FY26): Rs. 9,990.09 million.
- Standalone Content cost (FY26): Rs. 6,158.52 million.
- Consolidated Content cost (FY26): Rs. 6,209.84 million.
- Standalone Revenue from operations (FY26): Rs. 10,009.17 million.
- Standalone Other income (FY26): Rs. 2,272.93 million.
- Consolidated Revenue from operations (FY26): Rs. 9,742.80 million.
- Consolidated Other income (FY26): Rs. 2,322.27 million.
- Standalone Net cash from operating activities (FY26): Rs. (553.50) million.
- Standalone Net cash from investing activities (FY26): Rs. 632.80 million.
- Standalone Net cash from financing activities (FY26): Rs. (33.71) million.
- Consolidated Net cash from operating activities (FY26): Rs. (165.93) million.
- Consolidated Net cash from investing activities (FY26): Rs. 242.54 million.
- Consolidated Net cash from financing activities (FY26): Rs. (34.31) million.
- Standalone Total Assets (FY26): Rs. 43,416.76 million.
- Standalone Total Equity (FY26): Rs. 38,532.74 million.
- Consolidated Total Assets (FY26): Rs. 42,833.24 million.
- Consolidated Total Equity (FY26): Rs. 38,260.97 million.
- Both standalone and consolidated audited financial results are presented.
- Standalone PAT (FY26): Rs. 1,227.53 million vs Consolidated PAT (FY26): Rs. 1,656.25 million.
Corporate Overview
- Engaged only in the cable business.
- Cable distribution network
- Broadband
Risk Factors
- Consolidated profit after tax declined.
- Preferential allotment proceeds remain unutilized.
- Reliance on other auditors for subsidiaries.
- Increased content costs impacting profitability.
Key Drivers
- Unmodified audit opinion received.
- Standalone profit after tax increased.
- Capital raised from preferential allotment.
- Funds invested in mutual funds.
Auditor’s Report
- Unmodified opinion on standalone financial results.
- Unmodified opinion on consolidated financial results.
- Standalone results include balancing figures from full financial year and nine months.
- Consolidated results include balancing figures from full financial year and nine months.
- Opinion on consolidated results relies on reports of other auditors for 21 subsidiaries and 5 associates.
Board Commentary
- Preferential allotment of 28,14,48,000 equity shares in FY2019.
- Proceeds of Rs. 20,450.00 million invested in mutual funds and fixed deposits.
- Funds from preferential allotment pending utilization.