Cable TV
15 more channels in INCablenet bouquet in Mumbai
MUMBAI: INCablenet is increasing the number of channels offered in its bouquet from 90 to 105 within a week.
The 15 new channels will include three music channels, a clutch of regional channels and a few cartoon channels, says Incablenet president Rajiv Vyas. The decision was taken following a random survey among Incable’s distributors to determine which channels would be more preferred by viewers, says Vyas. Incable’s fiber optic network in Mumbai was recently upgraded from 750 MHz capacity to 860 MHz, allowing it to add more channels to those being currently offered. “It’s essentially a value addition for our viewers,” says Vyas. Among the new channels being offered are music channels Zee Music and MCM and kids’ channel Nickelodeon.
While five channels have been added to the bouquet since Thursday, a few more are being added today. The additions, being carried out in a phased manner, are expected to be completed in a week’s time, according to Vyas.
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.
