Cable TV
170 TN companies start providing Arasu Net, IPTV plan under way
MUMBAI: In all 170 Tamil Nadu companies have started providing Arasu internet services in the state. For providing IPTV (Internet Protocol Television) service, a detailed project report was under process.
Arasu Cable TV had floated expression of interest (EoIs) to become business partners on revenue-sharing basis and about 392 applications were received. At present, 2,577 subscribers use the leased line internet connectivity. Tamil Nadu state government’s proposal to expand internet service connectivity has received a healthy response, PTI reported.
Directions had been issued to 170 applicants for starting the internet service and about 24,750 households are expected to be provided with the internet service under this initiative.
The TN government had floated a SPV (special purpose vehicle) ‘Tamil Nadu FiberNet Corporation’ to implement it. Telecom major Vodafone was selected by the Arasu Cable TV Corporation under the open tender process, an IT department policy note said.
For the sake of cable TV digitisation, a global tender was floated in May for procuring 60 lakh standard and 10 lakh HD (high definition) STBs (set-top boxes). Tenders had been received from various companies and are being scrutinised. The number of cable television connections provided by Arasu rose to 70.52 lakh as of 1 May this year, as compared to 4.94 lakh in 2011.
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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.
