DEN Networks Ltd Q3/9M Results

Consolidated revenue Rs 251 Cr (Q3, -2.5% YoY/+5% QoQ), expenses up 0.6% YoY; PAT Rs 40.38 Cr (-3.7% YoY). 9M trends supported by other income Rs 248 Cr; ROCE 5.28%, nearly debt-free. Investor presentation highlights broadband growth potential despite legacy cable decline.