Cable TV
GTPL Hathway ropes in Verimatrix for secure Android TV rollout
Mumbai: Digital cable TV and broadband service provider GTPL Hathway Ltd (GTPL) has announced its partnership with Verimatrix leveraging the latter’s Video Content Authority System (VCAS) to protect its Google Android TV-based DVB hybrid set top box.
Verimatrix (Euronext Paris: VMX) helps power the modern connected world with people-centered security. Verimatrix VCAS is designed as a future-proof and scalable security solution for premium video content. Its DVB Hybrid offers GTPL a combination of protection and flexibility as delivery methods expand and evolve throughout India.
“Verimatrix is a time-tested content security leader in the market that offers unprecedented ease of deployment and gives us the confidence that we will be ready to easily adapt as our offerings progress,” said GTPL Hathway MD Anirudhsinh Jadeja. “By selecting Verimatrix as our security provider, we gain much more than just studio compliant protection – GTPL gains enhanced workflow and integration options as well as the reliability that we’re ready to rapidly scale up new subscribers across our areas of operation, to any additional devices we choose later, with a single security platform.”
“We are extremely pleased to announce GTPL Hathway as one of our latest customers,” stated Verimatrix COO and president Asaf Ashkenazi. “GTPL’s large customer base in India is provided a frictionless premium entertainment experience while their operators harness the full power of Verimatrix’s security innovations and award-winning customer support behind the scenes – ensuring GTPL is armed with the peace-of-mind it demands today and the performance and scalability it expects for tomorrow.”
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.
