Den Networks Limited Earnings Summary — Q1 FY2027
DEN Networks Announces Q1 FY2027 Results with Flat Revenue and Declining Margins
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue grew 0.9% sequentially in Q1 FY2027.
- Revenue of ₹243 Cr is 0.6% higher year-on-year.
- Revenue has compounded at -2.7% annualised over the last 10 quarters.
- Net profit of ₹37 Cr is 32.3% below the same quarter last year.
- Profit growth is trailing revenue growth this quarter.
- Net profit has compounded at -28.9% annualised across the period.
- Operating margin stands at 4.7% in Q1 FY2027.
- Operating margin compressed by 321 bps year-on-year.
- Over the last two years operating margin has contracted by 597 bps.
- PBT margin is 19.1%.
- Expenses grew 4.1% against revenue growth of 0.6%.
- Operating profit of ₹12 Cr is 40.1% lower year-on-year.
- Operating leverage has been under pressure recently.
- 1 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 37/100 (Weak) on the latest 10 quarters.
- Business momentum has softened and warrants monitoring.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Stable | 243 | 241 | 251 | 241 | 241 | 248 | 261 | 249 | 248 | 258 |
| Expenses | Stable | 231 | 225 | 238 | 223 | 222 | 220 | 233 | 221 | 221 | 218 |
| Operating Profit | Declining | 12 | 15 | 13 | 18 | 19 | 28 | 27 | 28 | 27 | 40 |
| Operating Margin | Declining | 4.7% | 6.4% | 5.2% | 7.5% | 8.0% | 11.5% | 10.5% | 11.1% | 10.7% | 15.5% |
| Other Income | Stable | 55 | 55 | 58 | 52 | 71 | 67 | 55 | 69 | 55 | 57 |
| Interest | Softening | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | Softening | 20 | 21 | 23 | 23 | 24 | 26 | 26 | 27 | 26 | 28 |
| Profit Before Tax | Stable | 46 | 49 | 48 | 46 | 65 | 69 | 55 | 69 | 55 | 69 |
| Tax | Volatile | 12 | 13 | 8 | 11 | 11 | 9 | 14 | 17 | 12 | -8 |
| Net Profit | Softening | 37 | 38 | 38 | 35 | 54 | 62 | 40 | 52 | 46 | 79 |
| Net Margin | Softening | 15.1% | 16.0% | 15.1% | 14.6% | 22.5% | 25.1% | 15.5% | 20.9% | 18.4% | 30.6% |
Key Takeaways
- Revenue remained nearly stagnant at ₹243 crores, showing a slight 0.8% recovery sequentially but a 2% decline compared to Q1 of the previous year.
- Operating profit experienced significant compression, dropping to ₹12 crores from ₹19 crores YoY, with OPM contracting from 8% to 5%.
- Net Profit of ₹35 crores was heavily supported by 'Other Income' of ₹55 crores, illustrating a continued reliance on non-operating sources for bottom-line stability.
- Depreciation expenses have gradually declined to ₹20 crores, reflecting lower recent capital expenditure and an aging asset base.
- Shareholding remains concentrated with Promoters holding 74.9%, while Foreign Institutional Investor (FII) interest has steadily declined over recent quarters.
- The company maintains a cash-rich balance sheet with significant other assets/investments totaling over ₹3,800 crores, providing a cushion despite operational headwinds.
Management Guidance
Management hasn't provided specific quantitative guidance, but the emphasis remains on operational stability in the cable and broadband segments despite competitive pressures.
Sentiment Shift
Deteriorating
Core operating profitability continues to weaken, with OPM hitting a multi-year low of 5% this quarter. The business is increasingly dependent on other income to maintain profitability.
Outlook
The outlook remains cautious as the company struggles to grow its core media revenue in a competitive landscape, with operating margins trending downward over the last four reporting periods.
From the Annual Report (Key Quotes)
“DEN Networks Q1 FY27 standalone PAT ₹329.18 million; consolidated PAT ₹345.89 million.”
“Board meeting on July 14, 2026 to approve Q1 FY27 unaudited standalone and consolidated results.”
Official Quarterly Documents
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This summary is AI-generated from Den Networks Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.