DEN Networks Limited submitted an investor presentation containing unaudited financial results for the quarter ended September 30, 2026 (Q2 FY26-27).
Business Overview
- Incorporated in 2007 with registered office in Maharashtra
- Leading Cable TV Distribution company in India
- Operations cover over 425+ cities/towns across 13 key states: Delhi, Uttar Pradesh, Karnataka, Maharashtra, Gujarat, Rajasthan, Haryana, Kerala, West Bengal, Jharkhand, Bihar, Madhya Pradesh and Uttarakhand
- Wholly owned subsidiary DEN Broadband Limited (incorporated 2011) holds Unified License for broadband business
Financial Highlights Q2 FY26-27 (Consolidated, INR Crore)
Revenue Performance:
- Total Revenue: ₹233 crore (Q1 FY26-27: ₹243 crore; Q2 FY25-26: ₹241 crore)
- QoQ change: -4%
- YoY change: -4%
- Revenue Breakdown:
- Subscription: ₹86 crore (Q1: ₹91 crore; Q2 FY25-26: ₹101 crore) - QoQ -5%, YoY -15%
- Placement/Marketing Income: ₹141 crore (Q1: ₹134 crore; Q2 FY25-26: ₹129 crore) - QoQ +5%, YoY +9%
- Other Operating Income: ₹4 crore (Q1: ₹16 crore; Q2 FY25-26: ₹9 crore) - QoQ -75%, YoY -53%
- Activation Income: ₹2 crore (Q1: ₹2 crore; Q2 FY25-26: ₹2 crore) - QoQ -3%, YoY -16%
Cost Structure:
- Content Cost: ₹162 crore (Q1: ₹165 crore; Q2 FY25-26: ₹152 crore) - QoQ -2%, YoY +7%
- Personnel Cost: ₹14 crore (Q1: ₹15 crore; Q2 FY25-26: ₹17 crore) - QoQ -3%, YoY -17%
- Other Opex: ₹45 crore (Q1: ₹48 crore; Q2 FY25-26: ₹49 crore) - QoQ -6%, YoY -8%
- Provision for doubtful debts: ₹1 crore (Q1: ₹2 crore; Q2 FY25-26: ₹3 crore) - QoQ -67%, YoY -79%
- Total Cost: ₹223 crore (Q1: ₹230 crore; Q2 FY25-26: ₹222 crore) - QoQ -3%, YoY 0%
Profitability Metrics:
- EBIDTA: ₹10 crore (Q1: ₹13 crore; Q2 FY25-26: ₹19 crore) - QoQ -21%, YoY -47%
- EBIDTA Margin: 4% (Q1: 5%; Q2 FY25-26: 8%)
- Depreciation & Amortization: ₹19 crore (Q1: ₹20 crore; Q2 FY25-26: ₹23 crore)
- Finance Costs: ₹0 crore (consistent across periods)
- Other Income: ₹61 crore (Q1: ₹55 crore; Q2 FY25-26: ₹52 crore)
- Share of profit/(loss) of associates: (₹3) crore (Q1: (₹1) crore; Q2 FY25-26: (₹1) crore)
- PBT: ₹49 crore (Q1: ₹46 crore; Q2 FY25-26: ₹46 crore) - QoQ +5%, YoY +6%
- Tax Expense: ₹12 crore (Q1: ₹12 crore; Q2 FY25-26: ₹11 crore)
- PAT: ₹37 crore (Q1: ₹35 crore; Q2 FY25-26: ₹35 crore) - QoQ +6%, YoY +5%
- Other Comprehensive Income: (₹1) crore (Q1: ₹0 crore; Q2 FY25-26: ₹0 crore)
- Total Comprehensive Income (TCI): ₹36 crore (Q1: ₹35 crore; Q2 FY25-26: ₹35 crore) - QoQ +3%, YoY +2%
Consolidated Balance Sheet (as of 30 September 2026, INR Crore)
Liabilities & Equity:
- Share Capital: ₹477 crore (30 June 2026: ₹477 crore)
- Surplus & Reserves: ₹3,381 crore (30 June 2026: ₹3,345 crore)
- Net Worth: ₹3,858 crore (30 June 2026: ₹3,822 crore)
- Minority Interest: ₹38 crore (30 June 2026: ₹39 crore)
- Deferred Revenue: ₹35 crore (30 June 2026: ₹37 crore)
- Trade Payables: ₹406 crore (30 June 2026: ₹417 crore)
- Other Liabilities: ₹121 crore (30 June 2026: ₹119 crore)
- Total Liabilities & Equity: ₹4,458 crore (30 June 2026: ₹4,434 crore)
Assets:
- Net Fixed Assets: ₹221 crore (30 June 2026: ₹239 crore)
- Capital work-in-progress: ₹7 crore (30 June 2026: ₹9 crore)
- Goodwill on Consolidation: ₹150 crore (30 June 2026: ₹150 crore)
- Total Fixed Assets: ₹378 crore (30 June 2026: ₹398 crore)
- Non-Current Investments: ₹62 crore (30 June 2026: ₹65 crore)
- Trade Receivables: ₹276 crore (30 June 2026: ₹256 crore)
- Cash & Cash Equivalents: ₹3,417 crore (30 June 2026: ₹3,383 crore)
- Other Assets: ₹325 crore (30 June 2026: ₹332 crore)
- Total Assets: ₹4,458 crore (30 June 2026: ₹4,434 crore)
Additional Information
- Document includes standard forward-looking statements disclaimer
- Contact information provided: Hema Kumari, InvestorRelations@DenOnline.in, +91 11 4052 2200
- Corporate Office: 236, Okhla Industrial Estate, Phase-III, New Delhi-110 020