Cable TV
Nxtdigital records revenue of Rs 1152.19 crore for FY22
Mumbai: Nxtdigital Ltd on Wednesday announced the results for financial year 2022. The media and communications company recorded revenue of Rs 1,152.19 crore for the year ending 31 March, registering a growth of 14.3 per cent year-on-year.
The company clocked earnings before interest, depreciation, and taxes (EBIDTA) of Rs 256.22 crore registering a growth of 10.4 per cent YoY. The revenue and EBIDTA for the year include Rs 69.30 crore and Rs 43.88 crore, respectively, arising out of the ‘real estate’ segment of the company.
The consolidated profit after tax for the year is Rs 1.91 crore as against a loss Rs 13.90 crore in the previous year.
The company posted consolidated revenue of Rs 344.55 crore in the fourth quarter ended 31 March. It clocked an EBIDTA of Rs 100.41 crore. Revenue and EBIDTA for the quarter include Rs 69.30 crore and Rs 43.88 crore respectively arising out of the ‘real estate’ segment of the company.
The media and entertainment segment recorded an EBIDTA of Rs 56.53 crore for the quarter. The consolidated PAT for the quarter stood at Rs 84.46 crore. PAT for the quarter is inclusive of the profit from ‘real estate’ segment of the company.
“We have remained singularly focused on the changing consumer preferences, in no small measure impacted by the lockdown periods; and have accelerated our digital transformation in line with the same,” said Nxtdigital managing director and CEO Vynsley Fernandes. “Our performance across all segments of our business reflects that mission. Offering a “combo” of digital television, broadband and OTT is now our norm, rather than the exception; whilst we will continue to expand our footprint through the launch of more Nxthubs.”
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.
