Den Networks LimitedQ2 FY27 Results & Financial Update
Den Networks Limited: Q2 FY27 consolidated results and company financials – revenue ₹232.56 Cr, PAT ₹36.77 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
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Quarterly Results AnalysisExplore Den Networks Q2 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Den Networks Limited reported consolidated revenue from operations of INR 232.56 crore for the quarter ended September 30, 2026, marking a sequential decrease compared to the preceding quarter.
Profit after tax (PAT) for Q2 FY27 stood at INR 36.77 crore, showing an increase over the INR 34.59 crore reported in Q1 FY27, assisted by higher other income and controlled operational costs.
Total income for the quarter reached INR 293.29 crore, which includes substantial non-operating other income items alongside core operational revenues.
Profit before tax (PBT) improved sequentially to INR 51.75 crore compared to INR 47.67 crore in the previous quarter.
The company maintained a zero gross debt status during the quarter, supported by a healthy liquid position with cash and cash equivalents standing at INR 3,417 crore.
Subscription revenue was reported at INR 86 crore, while placement and marketing income contributed INR 141 crore to the operational top line.
Digital collections remained robust, with the company achieving 97 percent online collections including subsidiaries during the period.
01 · Business model
What does Den Networks do?
Den Networks Limited is a leading cable television distribution company in India, offering a wide gamut of cable services across multiple states and urban centres.
The company's cable operations span over 425 cities and towns across 13 key states in India, including Delhi, Uttar Pradesh, Karnataka, Maharashtra, Gujarat, Rajasthan, Haryana, Kerala, West Bengal, Jharkhand, Bihar, Madhya Pradesh, and Uttarakhand.
In addition to its primary cable distribution business, the company operates a broadband segment through its wholly-owned subsidiary, DEN Broadband Limited, which holds a Unified License and was incorporated in 2011.
The operational model relies on digital cable distribution infrastructure, subscriber subscription fees, placement and marketing income, and high cash collections via digital channels.
02 · Historical context
What shaped the business before this quarter
Den Networks was incorporated in 2007 with its registered office in the State of Maharashtra to build out a nationwide cable television distribution network.
The company expanded its service offerings by incorporating DEN Broadband Limited in 2011 as a wholly owned subsidiary holding a Unified License for internet services.
03 · Financial snapshot
Current quarter vs the available comparable
| Metric | Q2 FY27 | Previous quarter |
|---|---|---|
| Revenue from operations | ₹232.56 Cr | ₹242.77 Cr |
| Total income | ₹293.29 Cr | ₹298.17 Cr |
| Profit before tax | ₹51.75 Cr | ₹47.67 Cr |
| Profit after tax | ₹36.77 Cr | ₹34.59 Cr |
| EPS | ₹0.76 | ₹0.77 |
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
Placement and marketing income formed the largest operational revenue component at INR 141 crore for Q2 FY27, increasing sequentially from INR 134 crore in Q1 FY27.
Subscription revenue contributed INR 86 crore during the quarter, compared to INR 91 crore in the previous quarter.
Other operating income contributed INR 4 crore, while activation income remained stable at INR 2 crore.
What drove margins
Content costs, which represent a major portion of operational expenses, stood at INR 162 crore for the quarter, reflecting disciplined cost containment compared to INR 165 crore in Q1 FY27.
Personnel expenses were contained at INR 14 crore, while other operating expenses decreased to INR 45 crore from INR 48 crore in the preceding quarter.
Provisions for doubtful debts declined to INR 1 crore in Q2 FY27 from INR 2 crore in Q1 FY27, reflecting improved collection efficiency.
05 · Demand, customers & order book
Where demand is coming from
The company achieved 97 percent online collection rates across its network, including subsidiaries, reflecting high digital adoption among subscribers and partners.
06 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
The core cable television business continued its operations across 425+ cities and towns spanning 13 key states.
Operated through subsidiary DEN Broadband Limited under a Unified License, providing high-speed internet services.
Geography and market mix
Operations remain active across 13 states including Delhi, Uttar Pradesh, Karnataka, Maharashtra, Gujarat, Rajasthan, Haryana, Kerala, West Bengal, Jharkhand, Bihar, Madhya Pradesh, and Uttarakhand.
07 · Reported developments
What changed operationally
Consolidated PAT increased by approximately 6.3 percent sequentially to INR 36.77 crore.
The company sustained zero gross debt with substantial cash reserves exceeding INR 3,400 crore.
08 · Pressure points & risks
What is not going smoothly
Revenue from operations declined sequentially from INR 242.77 crore in Q1 FY27 to INR 232.56 crore in Q2 FY27.
09 · Items worth noticing
The line items that can distort a quick read
Other income formed a notable component of total income, standing at INR 60.73 crore for Q2 FY27.
The company reported a share of loss from associates amounting to INR 3 crore during the quarter.
10 · Cash flow & balance sheet
Profit is one thing. Cash and funding tell another part of the story.
Cash and cash equivalents stood at a robust INR 3,417 crore as of September 30, 2026, compared to INR 3,383 crore as of June 30, 2026.
Trade receivables were reported at INR 276 crore at the end of Q2 FY27, up from INR 256 crore at the close of Q1 FY27.
Trade payables stood at INR 406 crore as of September 30, 2026, compared to INR 417 crore at the end of June 2026.
Capital allocation & funding
The company maintained a clean balance sheet with zero gross debt and negligible finance costs during the quarter.
11 · Beyond the numbers
What changed beyond the numbers
Reported update
Corporate Presentation Release
Den Networks released its investor update for Q2 FY27 on October 13, 2026, highlighting financial results, balance sheet structure, and operating metrics.
12 · Previous-quarter changes
What changed since the previous quarter
Revenue from operations contracted by about 4.2 percent sequentially, while net profit expanded by 6.3 percent due to lower operating expenses and higher non-operating income.
13 · Key Q&A
The quarter, answered directly
What does Den Networks do?
Den Networks Limited is a leading cable television distribution company in India, offering a wide gamut of cable services across multiple states and urban centres.
What is the clearest takeaway from Q2 FY27?
Den Networks Limited reported consolidated revenue from operations of INR 232.56 crore for the quarter ended September 30, 2026, marking a sequential decrease compared to the preceding quarter.
What drove revenue or demand?
Placement and marketing income formed the largest operational revenue component at INR 141 crore for Q2 FY27, increasing sequentially from INR 134 crore in Q1 FY27.
What mattered most for margins or profitability?
Content costs, which represent a major portion of operational expenses, stood at INR 162 crore for the quarter, reflecting disciplined cost containment compared to INR 165 crore in Q1 FY27.
What changed operationally beyond the headline numbers?
Den Networks released its investor update for Q2 FY27 on October 13, 2026, highlighting financial results, balance sheet structure, and operating metrics.
What are the main pressure points disclosed for the quarter?
Revenue from operations declined sequentially from INR 242.77 crore in Q1 FY27 to INR 232.56 crore in Q2 FY27.
14 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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15 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Subscription Revenue Trajectory: Monitor subsequent quarterly disclosures for stabilization or growth in core subscription and placement revenues.
- 02
Cash Deployment: Track utilization or yields on the substantial cash and cash equivalents balance of INR 3,417 crore.
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