Cable TV
Arasu Cable revises subscription rates
MUMBAI: Tamil Nadu’s state-run cable operator Arasu Cable has revised down its subscription rates, with effect from 10 August. Under the new subscription rate, package of 190 channels will be available for Rs 154.
“Based on requests from the people, the cable television tariff for Tamil Nadu [except Vellore] under Arasu Cable has been fixed at Rs 130, plus GST,” Tamil Nadu Chief Minister Edappadi K Palaniswami said.
After the new price regime kicked in at the beginning of this year, Arasu Cable had to revise its packages. It had three packages — a basic package at Rs 120 plus GST with all free-to-air (FTA) channels, a package at Rs 200 plus GST and another that offered 191 channels at Rs 220 plus GST.
The state-run operator has distributed 35.12 lakh set-top boxes free of cost to its subscribers till date. But recently, it found that out of the 35 lakh STBs that were distributed, only 24 lakh were active. The sudden increase in pricing caused the churn in customers. To prevent the churn, the new move has been taken.
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.
