Cable TV
IndiaCast appoints Sanjay Jain as head of International Business; restructures Organisation
MUMBAI: IndiaCast, the domestic and international distribution arm of Viacom18 and TV18, has announced an organizational realignment within its top management, where in Chief financial officer Sanjay Jain has been additionally appointed as head of international business and will continue reporting to IndiaCast Group CEO Anuj Gandhi. All the International Business heads along with Outbound Sales and International Operations teams will report into Jain. IndiaCast also announced a series of leadership changes by establishing empowered business responsibilities across regions.
After successfully managing the business in UK, Govind Shahi has now been elevated to manage the US region along with his existing remit as business head UK & USA, followed by Sachin Gokhale, who will also oversee the companies’ activities in APAC, in addition to his current role as the business head of the MEA. Debkumar Dasgupta is now the business head of Syndication, New Media & South Asia.
Commenting on the organizational restructuring, IndiaCast Group CEO Anuj Gandhi said, “Over the last several years our top management has demonstrated innovative approaches in content monetization and marketing across the globe. Sanjay brings to the table nearly two and half decades of financial and general management experience. I am confident that Sanjay’s proficiency and experience coupled with our bold growth agenda will help us excel in our business ambitions.”
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.
