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Synovate Business Consulting & Orbis International to host fundraising events across Asia Pacific
MUMBAI: Synovate Business Consulting, a division of global market research company, Synovate, has tied up with Orbis International – a non-profit humanitarian organisation that strives to eliminate avoidable blindness in the developing world.
They have joined hands primarily to organise fund-raising events across the Asia-Pacific region, the funds generated will go towards curing blindness among the poor.
In India, two fund-raisers are on the anvil. A charity dinner will be held in New Delhi on 7 September. While in Mumbai, a special screening of a play by National Center for Performing Arts (NCPA) – ‘The Liar’ – will be held on 10 September. The play is directed by eminent actor, director and stage artist – Naseeruddin Shah. All proceeds will be donated to Orbis, informs an official release.
Synovate Business Consulting, a division of Synovate, provides business intelligence and growth strategy consulting across 22 Asia Pacific markets. Synovate, the market research arm of Aegis Group plc, generates consumer insights that drive competitive marketing solutions. The network provides clients with cohesive global support and a comprehensive suite of research solutions.
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.
