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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

  1. Standalone Total expenses (FY26): Rs. 10,648.32 million.
  2. Consolidated Total expenses (FY26): Rs. 9,990.09 million.
  3. Standalone Content cost (FY26): Rs. 6,158.52 million.
  4. Consolidated Content cost (FY26): Rs. 6,209.84 million.
  5. Standalone Revenue from operations (FY26): Rs. 10,009.17 million.
  6. Standalone Other income (FY26): Rs. 2,272.93 million.
  7. Consolidated Revenue from operations (FY26): Rs. 9,742.80 million.
  8. Consolidated Other income (FY26): Rs. 2,322.27 million.
  9. Standalone Net cash from operating activities (FY26): Rs. (553.50) million.
  10. Standalone Net cash from investing activities (FY26): Rs. 632.80 million.
  11. Standalone Net cash from financing activities (FY26): Rs. (33.71) million.
  12. Consolidated Net cash from operating activities (FY26): Rs. (165.93) million.
  13. Consolidated Net cash from investing activities (FY26): Rs. 242.54 million.
  14. Consolidated Net cash from financing activities (FY26): Rs. (34.31) million.
  15. Standalone Total Assets (FY26): Rs. 43,416.76 million.
  16. Standalone Total Equity (FY26): Rs. 38,532.74 million.
  17. Consolidated Total Assets (FY26): Rs. 42,833.24 million.
  18. Consolidated Total Equity (FY26): Rs. 38,260.97 million.
  19. Both standalone and consolidated audited financial results are presented.
  20. Standalone PAT (FY26): Rs. 1,227.53 million vs Consolidated PAT (FY26): Rs. 1,656.25 million.

Corporate Overview

  1. Engaged only in the cable business.
  2. Cable distribution network
  3. Broadband

Risk Factors

  1. Consolidated profit after tax declined.
  2. Preferential allotment proceeds remain unutilized.
  3. Reliance on other auditors for subsidiaries.
  4. Increased content costs impacting profitability.

Key Drivers

  1. Unmodified audit opinion received.
  2. Standalone profit after tax increased.
  3. Capital raised from preferential allotment.
  4. Funds invested in mutual funds.

Auditor’s Report

  1. Unmodified opinion on standalone financial results.
  2. Unmodified opinion on consolidated financial results.
  3. Standalone results include balancing figures from full financial year and nine months.
  4. Consolidated results include balancing figures from full financial year and nine months.
  5. Opinion on consolidated results relies on reports of other auditors for 21 subsidiaries and 5 associates.

Board Commentary

  1. Preferential allotment of 28,14,48,000 equity shares in FY2019.
  2. Proceeds of Rs. 20,450.00 million invested in mutual funds and fixed deposits.
  3. Funds from preferential allotment pending utilization.