Den Networks FY26 Results: Net Profit Rs. 1,227.53 Million, Up 4.6% YoY
RESULTS
● No Immediate Change
MEDIUM RISK
📅 Filed on BSE: 14 Apr 2026, 05:54 PM IST · BSE ID: 8fc858cd-5261-4c0f-82af-3af2d6cf876c
View Original BSE Filing (PDF)
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In Simple Terms
Den Networks posted full-year profit of Rs. 1,227.53 million for FY26, up 4.6% year-over-year, with revenue growth of 1.2%.
🤖 AI Summary
- Board approved FY26 audited results: net profit Rs. 1,227.53 million, up 4.6% YoY from Rs. 1,173.96 million
- Full-year revenue from operations Rs. 10,009.17 million, up 1.2% from Rs. 9,891.45 million in FY25
- Q4 FY26 net profit Rs. 289.06 million; total comprehensive income for year Rs. 1,225.79 million
- Strong liquidity position: cash and bank balances Rs. 30,628.71 million as of March 31, 2026
- Auditor issued unmodified opinion on standalone and consolidated financial statements
🔢 Key Numbers — exact figures from BSE filing, not rounded
Net Profit (Standalone) FY26
Rs. 1,227.53 million
4.6% increase from Rs. 1,173.96 million in FY25
Revenue from Operations FY26
Rs. 10,009.17 million
1.2% increase from Rs. 9,891.45 million in FY25
Total Comprehensive Income FY26
Rs. 1,225.79 million
4.0% increase from Rs. 1,178.83 million in FY25
Q4 FY26 Net Profit
Rs. 289.06 million
Cash and Bank Balances (as of March 31, 2026)
Rs. 30,628.71 million
86.9% increase from Rs. 16,383.14 million in FY25
Content Cost FY26
Rs. 6,158.52 million
6.3% increase from Rs. 5,794.60 million in FY25
EPS (Basic and Diluted) FY26
Rs. 2.57
4.5% increase from Rs. 2.46 in FY25
Other Equity (as of March 31, 2026)
Rs. 33,765.08 million
3.8% increase from Rs. 32,539.29 million in FY25
🏢 How This Affects the Company
Revenue from operations increased 1.2% to Rs. 10,009.17 million in FY26, indicating stable but modest top-line growth. Content costs rose 6.3% to Rs. 6,158.52 million, reflecting higher programming expenses.
Net profit grew 4.6% to Rs. 1,227.53 million in FY26 despite higher content and placement fee pressures. Other equity increased from Rs. 32,539.29 million to Rs. 33,765.08 million. Current investments fell sharply from Rs. 14,320.16 million to Rs. 1,028.87 million, with corresponding increase in bank balances to Rs. 30,628.71 million.
Employee benefits expense declined 15.8% to Rs. 548.64 million, reflecting workforce optimization. Depreciation and amortization fell 9.8% to Rs. 652.01 million, indicating lower capital intensity.
Current tax expense spiked to Rs. 581.07 million in Q4 FY26 from Rs. 99.89 million in Q4 FY25, creating volatility. Deferred tax asset of Rs. 902.22 million suggests prior-year tax provisions or timing differences that merit monitoring.
👥 What This Means For Shareholders
✅
Action Required
No action required. Results are published; shareholders should review dividend announcement and next quarter guidance in subsequent regulatory filings.
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Who Is Affected
All equity shareholders hold participatory rights in profit. EPS of Rs. 2.57 for FY26 reflects earnings attributable to each share held. Large cash balance may signal distribution opportunity or capex plans.
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Management Signal
Deliberate shift from short-term investments (Rs. 14,320.16 million in FY25 to Rs. 1,028.87 million in FY26) to bank balances indicates management prioritizing liquidity and capital preservation over yield, possibly signaling upcoming deployment or distribution.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Dividend announcement — check BSE filing for ex-date and payout per share in next 30 days
Q1 FY27 results — verify if revenue growth accelerates above 1.2% and content cost ratio stabilizes
Tax provision explanation — monitor for clarification on Q4 FY26 current tax spike to Rs. 581.07 million
MEDIUM RISK
Q4 current tax volatility (Rs. 581.07 million vs. Rs. 99.89 million prior year) and slowing revenue growth (1.2% YoY) with rising cost ratios warrant close monitoring.
💡 Investor Takeaway
Den Networks delivered FY26 net profit of Rs. 1,227.53 million, up 4.6% year-over-year, with revenue growth of 1.2% to Rs. 10,009.17 million. Balance sheet remains strong with Rs. 30,628.71 million in cash and bank balances. However, top-line growth remains constrained and content costs are rising faster than revenue.
⚖️ Strengths & Concerns
✅ Positives
- Strong cash position of Rs. 30,628.71 million provides operational flexibility and debt-free balance sheet
- Net profit growth of 4.6% to Rs. 1,227.53 million despite industry headwinds; EPS stable at Rs. 2.57
⚠️ Concerns
- Revenue growth of 1.2% to Rs. 10,009.17 million is modest; content costs rose 6.3%, pressuring margins
- Q4 current tax spiked to Rs. 581.07 million, creating earnings volatility and tax payment pressure