Den Networks FY26: Net Profit Rs. 1,227.53 Million, Revenue Growth 1.2%
RESULTS
● No Immediate Change
MEDIUM RISK
📅 Filed on BSE: 14 Apr 2026, 06:01 PM IST · BSE ID: f642498c-e2fa-4918-bcd9-b0d876d62667
View Original BSE Filing (PDF)
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In Simple Terms
Den Networks reported annual profits up 4.6% to Rs. 1,227.53 Million, though revenue growth slowed to just 1.2% at Rs. 10,009.17 Million.
🤖 AI Summary
- Den Networks FY26 net profit Rs. 1,227.53 Million, up 4.6% YoY from Rs. 1,173.96 Million
- Revenue from operations Rs. 10,009.17 Million, modest growth of 1.2% from Rs. 9,891.45 Million
- Board approved audited standalone and consolidated financial results on April 14, 2026
- Content costs increased to Rs. 6,158.52 Million from Rs. 5,794.60 Million; EPS rose to Rs. 2.57
- Other equity strengthened to Rs. 33,765.08 Million; auditors issued unmodified opinion
🔢 Key Numbers — exact figures from BSE filing, not rounded
Net Profit After Tax (FY26)
Rs. 1,227.53 Million
4.6%
Revenue from Operations (FY26)
Rs. 10,009.17 Million
1.2%
Content Cost (FY26)
Rs. 6,158.52 Million
6.3%
Earnings Per Share (FY26)
Rs. 2.57
4.5%
Other Equity (As at March 31, 2026)
Rs. 33,765.08 Million
3.8%
Total Assets (As at March 31, 2026)
Rs. 43,416.76 Million
2.2%
🏢 How This Affects the Company
Revenue growth decelerated to 1.2% — slowest YoY expansion in recent periods. Content cost inflation of Rs. 363.92 Million (6.3% increase) is compressing operational margins despite stable placement fee income.
Net profit grew 4.6% to Rs. 1,227.53 Million, outpacing revenue growth due to lower finance costs and reversal of deferred tax benefits of Rs. 321.51 Million. Other equity increased Rs. 1,225.79 Million to Rs. 33,765.08 Million, strengthening balance sheet.
Employee benefits expense declined 15.8% to Rs. 548.64 Million from Rs. 651.52 Million, indicating workforce optimization. Depreciation expense also fell 9.8% to Rs. 652.01 Million, reflecting lower capital intensity.
Slowing 1.2% revenue growth signals market saturation or subscriber pressure in core broadcast distribution segment. Rising content costs relative to revenue suggests diminishing pricing power with content providers.
👥 What This Means For Shareholders
✅
Action Required
No action required. Results are audited and final; dividend declaration pending separate Board communication.
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Who Is Affected
All equity shareholders holding as of record date (not yet announced). EPS increased from Rs. 2.46 to Rs. 2.57, benefiting per-share distributions if dividend declared.
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Management Signal
Management prioritizing profit protection over growth via workforce reduction and cost rationalization, indicating cautious outlook on subscriber or revenue expansion.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Q1 FY27 results — track if revenue growth sustains or contracts further below 1% YoY
Dividend announcement — shareholder communication on capital allocation and payout ratio decision
Content cost trend — monitor if inflation moderates or compresses margins further in H1 FY27
MEDIUM RISK
Revenue growth at 1.2% indicates market maturity risk. Content cost inflation outpacing growth threatens profitability sustainability without pricing power recovery.
💡 Investor Takeaway
Den Networks FY26 net profit Rs. 1,227.53 Million (+4.6% YoY) masks revenue stagnation at Rs. 10,009.17 Million (+1.2% YoY). Content costs jumped 6.3% to Rs. 6,158.52 Million, consuming margin gains. Profit growth driven by cost cutting, not business expansion.
⚖️ Strengths & Concerns
✅ Positives
- Net profit grew 4.6% to Rs. 1,227.53 Million despite revenue slowdown, demonstrating cost discipline and operational leverage
- Other equity strengthened Rs. 1,225.79 Million to Rs. 33,765.08 Million; EPS improved from Rs. 2.46 to Rs. 2.57
⚠️ Concerns
- Revenue growth collapsed to 1.2% (Rs. 10,009.17 Million) from prior year, indicating stagnant top-line momentum in distribution business
- Content cost inflation of 6.3% (Rs. 363.92 Million increase) outpaced revenue growth, eroding gross margin sustainability
📅 Company Track Record
Den Networks reported FY25 net profit of Rs. 1,173.96 Million with revenue of Rs. 9,891.45 Million. FY26 marks fourth consecutive year of single-digit revenue growth, consistent with broadcast distribution sector headwinds from cord-cutting and digital migration.
Based on publicly available historical data. For context only.