Cable TV
Hinduja Ventures declares 175 per cent interim dividend for FY-2016
BENGALURU: Hindustan Ventures Limited (HVL), the holding company of one of India’s largest integrated media companies, – IndusInd Media & Communications Limited (IMCL) and Grant Investrade Limited which has launched the headend in the sky (HITS) platform, announced an interim dividend of 175 per cent (Rs 17.50 per equity share of face value of Rs 10) for the current financial year. The dividend will result in a pay out of Rs 4329.53 lakh. (100,00,000 = 100 lakh = 10 million = 1 crore)
HVL had announced a standalone net profit after tax of Rs 86.41 crore for the nine month period ended December 31, 2015 as compared to a PAT of Rs 74.82 crore in the corresponding year ago period. The interim dividend will be paid on or after March 29, 2016.
HVL’s HITS platform was launched on September 16,2015 by the Union Minister of Finance, Corporate Affairs and Ministry of Information & Broadcasting Arun Jaitley, under the brand name NXT DIGITAL. The Hinduja‐HITS Network will enable seamless transition from analogue to digital in phase III and IV markets.
At the time of filing of this report, share price of HVL on the Bombay Stock Exchange was up by Rs 12, or 2.88 percent higher than the previous close of Rs 416 with a total turnover of 2.65 lakh. The share had opened today at Rs 425, with a high if Rs 428 and a low of Rs 421.50.
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.
