DEN Networks Limited

DEN Networks Limited submitted its unaudited financial results for the quarter ended June 30, 2026 (Q1 FY2027) to BSE Limited and National Stock Exchange of India Limited pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The financial results were reviewed and recommended by the Audit Committee and approved by the Board of Directors at their meetings held on July 14, 2026. The Board meeting commenced at 03:00 PM IST and concluded at 03:55 PM IST.

Standalone Financial Results (Rs. in million)

Income:

  • Revenue from operations: ₹2,569.63
  • Other income: ₹537.82
  • Total income: ₹3,107.45

Expenses:

  • Cost of traded items: ₹11.62
  • Content cost: ₹1,639.64
  • Placement fees: ₹354.75
  • Employee benefits expense: ₹112.60
  • Finance costs: ₹4.12
  • Depreciation and amortisation expenses: ₹150.79
  • Other expenses: ₹390.70
  • Total expenses: ₹2,664.22

Profitability:

  • Profit before tax: ₹443.23
  • Tax expense: ₹114.05 (Current tax: ₹89.20, Deferred tax: ₹24.85)
  • Profit after tax: ₹329.18
  • Other comprehensive income: ₹5.01
  • Total comprehensive income: ₹334.19

Share Data:

  • Paid-up equity share capital: ₹4,767.66 (Face value ₹10)
  • Basic EPS: ₹0.69* (not annualized)
  • Diluted EPS: ₹0.69* (not annualized)

Consolidated Financial Results (Rs. in million)

Income:

  • Revenue from operations: ₹2,472.74
  • Other income: ₹553.98
  • Total income: ₹3,026.72

Expenses:

  • Content cost: ₹1,651.64
  • Employee benefits expense: ₹147.61
  • Finance costs: ₹4.12
  • Depreciation and amortisation expense: ₹200.00
  • Other expenses: ₹501.65
  • Total expenses: ₹2,505.02

Profitability:

  • Profit before share in profit/(loss) of associates and tax expense: ₹476.70
  • Share of profit/(loss) of associates: ₹(11.78)
  • Profit before tax: ₹464.92
  • Tax expense: ₹119.03 (Current tax: ₹89.98, Deferred tax: ₹29.05)
  • Profit after tax: ₹345.89
  • Other comprehensive income: ₹4.48
  • Total comprehensive income: ₹350.37

Attribution:

  • Profit attributable to owners of the Company: ₹367.06
  • Profit attributable to non-controlling interest: ₹(21.17)
  • Total comprehensive income attributable to owners: ₹371.55
  • Total comprehensive income attributable to non-controlling interest: ₹(21.18)

Share Data:

  • Paid-up equity share capital: ₹4,767.66 (Face value ₹10)
  • Basic EPS: ₹0.77* (not annualized)
  • Diluted EPS: ₹0.77* (not annualized)

Segment Information (Consolidated, Rs. in million)

Segment Revenue:

  • Cable distribution network: ₹2,376.97
  • Broadband: ₹95.77
  • Gross Revenue: ₹2,472.74
  • Less: Inter Segment Revenue: ₹45.00
  • Net Revenue: ₹2,427.74

Segment Results:

  • Cable distribution network: ₹(63.49) loss
  • Broadband: ₹(9.67) loss
  • Total segment results: ₹(73.16) loss

Segment Assets:

  • Cable distribution network: ₹9,497.33
  • Broadband: ₹362.68
  • Total segment assets: ₹9,860.01
  • Unallocated assets: ₹34,476.00
  • Total assets: ₹44,336.01

Segment Liabilities:

  • Cable distribution network: ₹5,466.18
  • Broadband: ₹258.97
  • Total segment liabilities: ₹5,725.15
  • Unallocated liabilities: Not specified
  • Total liabilities: ₹5,725.15

Notes to Financial Results

1. The figures for the corresponding previous period/year have been regrouped/rearranged wherever considered necessary to make them comparable.

2. The figures for the quarter ended March 31, 2026 are balancing figures between the audited figures in respect of full financial year and reviewed year-to-date figures up to the third quarter of the previous financial year.

3. The audit committee reviewed the results and the Board of Directors approved them on July 14, 2026. Statutory auditors carried out a limited review of the results for the quarter ended June 30, 2026.

4. The company is engaged only in the cable business, hence there is no separate reportable segment as per Ind AS 108 Operating Segments requirements.

5. During the year ended March 31, 2019, the company allotted 28,14,48,000 equity shares of ₹72.66 each at a premium of ₹62.66 per share aggregating to ₹20,450.00 million on a preferential basis. The proceeds have been invested in mutual funds and fixed deposits, pending utilization.

6. The consolidated financial results include 21 subsidiaries and 5 associates. The auditors did not review the interim financial information of 21 subsidiaries, whose results reflect total revenue of ₹725.76 million, total net loss after tax of ₹42.83 million, and total comprehensive income of ₹42.83 million for the quarter.

7. The consolidated results include the group's share of net loss after tax of ₹11.78 million and total comprehensive income of ₹11.72 million for 5 associates.