Cable TV
Qalam 2001 : EBA KHAN
It wasn’t even 6 a.m and Shrusti has woken up from her sleep by the Sweet Sing Song voice of the birds , She had never slept in her life the way she had slept last night , she felt very fresh and rejuvenated .
Suddenly , she rember’s her cell phone and starts thinking where she has lost it , she rember’s having it before she left the far off village , and thinks she must have lost it on the way home.
She sees Arjun coming on his bicycles and having her cell phone in his hand and he give her saying ‘Sethani, Ee Aapki Machine Hamka Raaste Mein Mele Rahi, Sasuri Raat Bhar Pi-Pi Karti Rahi .’
Shruti thanked him and said ‘ Tumhe Iski Kimat Mallom hai, Ise Bech Kar ,Tum Ek Khet Kharid Sakte the.’ Arjun replies ‘ Agar Hum Ko Aaise Haraam Ke Paise ki Jarrurat Hote To Hum Goan Mein Nahin ,Shaher Me Hote’. Shruti was shocked by his honesty and anger in his reply.
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.
