Cable TV
Den Networks reports revenue of Rs 1,226 crore for FY’22
Mumbai: Cable TV distribution company Den Networks has released its financial results for the fourth quarter 2022 on Thursday. The company reported revenues of Rs 303 crore and profit after tax of Rs 49 crore higher than Q3’22 which was at Rs 44 core.
The company reported revenue of Rs 1,226 crore for FY’22 less than it earned in FY’21 at 1,307 crore. Its profit after tax for the year stood at Rs 171 crore and the total cost for the year stood at Rs 1,022 crore.
The company reported gross debt and healthy cash balances of Rs 2,547 crore for the quarter. It earned Rs 167 crore from subscriptions, Rs 93 crore from marketing income, Rs 26 crore from other operating income, and Rs 17 crore in activation revenues.
The company also reported total costs of Rs 248 crore including content costs at Rs 148 crore, personnel costs at Rs 21 core, other operational expenses at Rs 79 crore, and Rs one crore provision for doubtful debts and advances.
Den Networks operates a cable and broadband business. Its cable operations cover over 500+ cities/towns across 13 key states including Delhi, Uttar Pradesh, Karnataka, Maharashtra, Gujarat, Rajasthan, Haryana, Kerala, West Bengal, Jharkhand, Bihar, Madhya Pradesh, and Uttarakhand in India. Its broadband business is enabled across 41 cities/towns in the country.
Cable TV
Hathway Cable appoints Gurjeev Singh Kapoor as CEO
Leadership change comes as cable TV faces shrinking subscriber base and modest earnings pressure
MUMBAI: Hathway Cable and Datacom has tapped industry veteran Gurjeev Singh Kapoor as chief executive officer, marking a leadership pivot at a time when India’s cable television business is under mounting strain.
Kapoor will take over from Tavinderjit Singh Panesar, who is set to retire in August after a long innings with the company. Panesar, chief executive since 2023, has held multiple leadership roles at Hathway, including his latest stint beginning in 2022.
Kapoor brings more than three decades of experience in media and entertainment. He most recently led distribution at The Walt Disney Company’s Star India business, now part of JioStar. His career spans television distribution and affiliate partnerships, with stints at Sony Pictures Networks India, Discovery Communications and Zee Entertainment.
Panesar, with over three decades in the industry, has worked across strategic planning, distribution and business development in media, broadcasting and manufacturing. His past associations include ESPN Star Sports, Star India, Apollo Tyres and JK Industries.
The transition lands as the cable sector grapples with structural disruption. Traditional operators are losing ground to streaming platforms, while telecom and broadband players tighten the squeeze with bundled offerings.
An EY report estimates India’s pay-TV base could shrink by a further 30 to 40 million households by 2030, taking the total down to 71 to 81 million. The slide follows a loss of nearly 40 million homes between 2018 and 2024, a contraction that has already wiped out more than 37,000 jobs in the local cable operator ecosystem.
Hathway’s numbers reflect the strain. The company reported a consolidated net profit of Rs 93 crore for FY25, down from Rs 99 crore a year earlier. Revenue inched up to Rs 2,040 crore from Rs 1,981 crore. As of December 2025, it had about 4.7 million cable TV subscribers and roughly 1.02 million broadband users.
Kapoor steps in with a familiar brief but a shrinking playbook. In a market where viewers are cutting cords faster than companies can reinvent them, the new chief executive inherits a business fighting to stay plugged in.
