DEN Networks FY26: PAT Drops 16% to ₹166 Crore

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Annual Performance Weakens:

FY26 consolidated PAT falls 15.8% to ₹165.6 crore from ₹196.7 crore in FY25. Revenue from operations declines 3.1% to ₹974 crore. EPS drops to ₹3.48 from ₹4.20.

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Q4 FY26 Snapshot:

Quarterly revenue ₹240.6 crore. EBITDA margin contracts sharply. Cable distribution revenue down, broadband segment shows modest growth. Traditional cable TV faces structural shift to OTT platforms.

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Subscription Revenue Pressures:

Subscription income declining as cord-cutting accelerates. Rising content costs and competitive pressures squeeze operating margins. ARPU (average revenue per user) under pressure across segments consistently.

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Strong Balance Sheet:

Zero gross debt position maintained. Cash and equivalents ₹3,050+ crore. Reserves rise to ₹3,308 crore. Financial flexibility intact despite operational headwinds. No dividend announced despite profitability.

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Stock Performance Weak:

Share price ₹29.03, down 39.6% from 52-week high ₹42.60. Market cap ₹1,394 crore. Trading at 6.3x PE, 0.32x PB. Covers 450+ cities across 13 states with declining subscriber base.

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With Our Subscription Plans

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DEN Networks FY26: PAT Drops 16% to ₹166 Crore

Annual Performance Weakens: FY26 consolidated PAT falls 15.8% to ₹165.6 crore from ₹196.7 crore in FY25. Revenue from operations declines 3.1% to ₹974 crore. EPS drops to ₹3.48 from ₹4.20.

Q4 FY26 Snapshot: Quarterly revenue ₹240.6 crore. EBITDA margin contracts sharply. Cable distribution revenue down, broadband segment shows modest growth. Traditional cable TV faces structural shift to OTT platforms.

Subscription Revenue Pressures: Subscription income declining as cord-cutting accelerates. Rising content costs and competitive pressures squeeze operating margins. ARPU (average revenue per user) under pressure across segments consistently.

Strong Balance Sheet: Zero gross debt position maintained. Cash and equivalents ₹3,050+ crore. Reserves rise to ₹3,308 crore. Financial flexibility intact despite operational headwinds. No dividend announced despite profitability.

Stock Performance Weak: Share price ₹29.03, down 39.6% from 52-week high ₹42.60. Market cap ₹1,394 crore. Trading at 6.3x PE, 0.32x PB. Covers 450+ cities across 13 states with declining subscriber base.