DEN · price
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Awaiting price reaction for this filing.
Den Networks Limited filed its Annual Report for FY 2024-25 along with the Notice of the Annual General Meeting, sent electronically to members and uploaded on the company's website. Consolidated revenue from operations stood at ₹10,054 million, down about 7% from ₹10,807 million in FY 2023-24, while standalone revenue fell to ₹9,891 million from ₹10,348 million. Consolidated profit after tax declined to ₹1,967 million from ₹2,128 million, and standalone PAT fell sharply to ₹1,174 million from ₹1,757 million, with standalone EPS dropping to ₹2.46 from ₹3.68. The company highlighted ₹1,121 million in Operating EBITDA at 11% margin, ₹4,694 million in subscription income, and a strong balance sheet with ₹31,464 million in cash reserves and zero debt. The Board did not recommend any dividend for the year. Eight step-down subsidiaries were amalgamated into Futuristic Media and Entertainment Limited effective January 1, 2025, to streamline the group structure.
Shareholders see lower profits and revenue compared to last year, but the company remains debt-free with sizeable cash reserves of over ₹31,400 million, providing a strong cushion. No dividend has been declared this year, which may be a negative for income-focused investors, though the subsidiary consolidation could improve operational efficiency going forward.