Cable TV
DEN readies Android-based STB for Feb launch
MUMBAI: Multi-system operator (MSO) DEN is all set to revamp its old hybrid set top box (STB) into a smart STB. The new STB will support 4k HD as well as internet access.
A trial for the same is already in process is what DEN Networks CEO SN Sharma informed analysts. He added that the revamped STBs have been planted across the country and the response so far from the subscribers has been good. The trial will go on till February and the prices will be announced during the middle of the month itself.
The MSO is also in talks with two Indian broadcasting giants, Star and Zee. It also renewed deals with Sony and IndiaCast in 2017 for a span of two years.
DEN, which has 13 million cable audience and 8.4 million active subscribers, is also planning to grow its broadband business. The company will be sharing its plan by the end of financial year 2017-18. DEN currently has a net subscriber base of 2.15 lakh with 60 per cent active subscribers.
Currently in only 10 select cities across 4 states of the country, MSO has plans to stretch in more 10 cities.
DEN Networks CFO Rajesh Kaushal predicted that the future expenditure will be more in broadband and less in cable, as most of the boxes are already lifted and the subsidy is very less on it.
DEN previously spent Rs.11 crore for seeding in the existing 10 cities and for expanding to more 10 cities the cost will be around Rs.10 crores.
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.
