Cable TV
SitiCable East eyes 2 lakh broadband connections by FY16
KOLKATA: SitiCable East, a cable TV multisystem operator (MSO), which launched ‘SitiBroadband’ two years ago, aims to reach two lakh homes in the eastern region including West Bengal, Jharkhand, Bihar and Assam by the end of current fiscal 2015-16. It should be noted that the MSO, at present, provides broadband services to more than 60,000 homes.
Additionally the company will also be looking at creating awareness about its broadband services via a campaign. “We shall inform prospective customers through various activities. We will organize BTL activities and let people know through our distribution network and we shall put up hoardings sooner,” said Siticable Kolkata director Suresh Sethiya.
“We have already invested in broadband. In a digital addressable era, broadband and VAS will become an important differentiated offering. We are upbeat about our penetration and growth in eastern region as our combo pack will be a value addition,” he added.
Last year, when it was launched, the MSO had a cable customer base of around 12.5 lakh in West Bengal. SitiCable was eyeing 10 per cent of the cable connection for SitiBroadband by providing a combo pack and value addition to the customers in the first year.
Sethiya expressed interest in developing it as a second major revenue source as it has more direct control over customers and the company can explain about the service as well.
An Ethernet cable carries the broadband signals between modem, router, computer, and other wired Internet-capable devices.
Namit Dave a cable analyst said that broadband and value-added services, which suppressed revenue streams so far will get a major boost as the country advances towards the complete era of digitisation of cable TV. The MSOs are rolling out packages on a major scale.
While another analyst said that broadband is a very good business now with less investment and promising higher revenue, SitiCable will thread a new path in a big way.
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.
