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Reliance Communications lists on BSE and NSE
MUMBAI: Reliance Communications Ventures Ltd. (RCVL), a member of the Reliance – Anil Dhirubhai Ambani group was listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) today.
Reliance Communications Ventures Ltd. has four companies under its umbrella – Reliance Communications Ventures Ltd., Reliance Natural Resources Ltd., Reliance Energy Ventures Ltd. and Reliance Capital Ventures Ltd.
The birth of Reliance – ADAG has created a value of Rs 7,000 crore ($ 16 billion) for over two million Reliance shareholders.
This completes the listing of all foir Reliance – ADAG companies arising from the demerger of Reliance Industries Ltd. (RIL), in a record time of less than four weeks from the date Reliance – ADAG received control of these companies.
Reliance – ADAG has emerged among the top three business houses in the country, on all major financial and operational parameters:
Net Worth of Rs 250 billion ($ 6 billion)
Operating profit of over Rs 50 billion ($ 1.1 billion)
Market capitalisation of over Rs 860 billion (nearly $ 20 billion)
Over 25 million customers
Over eight million shareholders
MUMBAI: When margins wobble, liquidity talks and in Q3 FY25-26, cash did most of the talking. Den Networks Limited closed the December quarter with consolidated revenue of Rs.251 crore, marginally higher than the previous quarter but down 4 per cent year-on-year, even as profitability stayed resilient on the back of strong cash reserves and disciplined cost control.
Subscription income softened to Rs.98 crore, slipping 3 per cent sequentially and 14 per cent from last year, while placement and marketing income offered some cheer, rising 15 per cent quarter-on-quarter to Rs.148 crore. Total costs climbed faster than revenue, up 7 per cent QoQ to Rs.238 crore, driven largely by higher content costs and operating expenses. As a result, EBITDA dropped sharply to Rs.13 crore from Rs.19 crore in Q2 and Rs.28 crore a year ago, pulling margins down to 5 per cent.
Yet, the bottom line refused to blink. Profit after tax stood at Rs.40 crore, up 15 per cent sequentially and only marginally lower than last year’s Rs.42 crore. A healthy Rs.57 crore in other income helped cushion operating pressure, keeping profit before tax at Rs.48 crore, broadly stable quarter-on-quarter despite the tougher cost environment.
The real headline-grabber, however, sits on the balance sheet. The company remains debt-free, with cash and cash equivalents swelling to Rs.3,279 crore as of December 31, 2025. Net worth rose to Rs.3,748 crore, while online collections accounted for 97 per cent of total receipts, underscoring strong cash discipline across operations, including subsidiaries.
In short, while Q3 showed signs of operating strain, the financial backbone remains solid. With zero gross debt, steady profits and a formidable cash war chest, the company enters the next quarter with flexibility firmly on its side proving that in uncertain markets, balance sheet strength can be the best growth strategy.
