Den’s Q2 profit leaned on Rs 57.89 cr of other income
Consolidated operating profit was Rs 10.05 cr on Rs 232.56 cr of revenue, leaving reported earnings dependent on income outside operations.
Filed 13 Oct 2026, 17:04 IST · after market close · Den Networks Ltd (DEN)
Key takeaways
- Consolidated operating profit was limited to Rs 10.05 cr on revenue of Rs 232.56 cr, leaving operating margin at 4.32%.
- Other income of Rs 57.89 cr was a major contributor to consolidated profit before tax of Rs 48.91 cr.
- The stock fell 4.06% on 14 October, while Den's 4.32% operating margin ranked last among five reported sector peers.
Price around the results
Operating profit remained thin
Den Networks reported consolidated revenue of Rs 232.56 cr and operating profit of Rs 10.05 cr in Q2FY27. Expenses of Rs 222.50 cr absorbed most of revenue, leaving operating margin at 4.32%. Depreciation was Rs 18.73 cr, compared with interest of Rs 0.30 cr.
Profit relied materially on other income
Other income of Rs 57.89 cr exceeded operating profit and made a material contribution to profit before tax of Rs 48.91 cr. Net profit was Rs 36.77 cr after tax of Rs 12.14 cr, with a tax rate of 24.82%. This makes the reported net profit less representative of operating performance than the Rs 10.05 cr operating profit.
Margin was below the reported peer median
Den's 4.32% operating margin was 5.03 percentage points below the 9.35% median for five Consumer Discretionary peers that had reported the same quarter. It ranked last among those five companies. The stock fell 4.06% on 14 October after the consolidated results.
Q2FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q2FY27 |
|---|---|
| Revenue | ₹233 cr |
| Other income | ₹58 cr |
| Expenses | ₹223 cr |
| Operating profit | ₹10 cr |
| Operating margin (%) | 4.32% |
| Interest | ₹0 cr |
| Depreciation | ₹19 cr |
| Profit before tax | ₹49 cr |
| Tax | ₹12 cr |
| Net profit | ₹37 cr |
| EPS (₹) | ₹0.76 |
Operating margin of 4.32% compares with a Consumer Discretionary sector median of 9.35% across 5 peers that have reported Q2FY27.
How the stock reacted
| Window | Stock | vs NIFTY |
|---|---|---|
| Results day | -4.06% | -3.62% |
Volume on the results session was 1.32× its 20-day average.
What to watch
- Whether operating margin improves from 4.32%.
- Whether operating profit increases from Rs 10.05 cr without a similar reliance on other income of Rs 57.89 cr.
- Whether the stock's next results-day move differs from the 4.06% decline recorded on 14 October.