Cable TV
Ashok Mansukhani bids adieu to NXTDigital
KOLKATA: Ashok Mansukhani is departing from NXTDigital putting an end to a 24 year long association with the Hinduja group.The industry veteran will retire on 30 September.
According to a BSE filing, his term as managing director and key managerial personnel was extended on 29 April 2020 until NXTDigital's next annual general meeting (AGM). The company recently announced its AGM date to the BSE as 30 September 2020.
Mansukhani joined the Hinduja group in 1996 when was appointed as a director of the cable TV venture IndusInd Media & Communications. He was then appointed executive director before becoming its managing director. The group later went in for reorganisation of the business through a process of demerger, merger and further integration of Indusind Media and its HITS operation under Grant Investrade with their parent Hinduja Ventures, which he was heading. Hinduja Ventures was later rechristened as NXTDigital. Mansukhani oversaw the group and the companies through this entire process.
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His last postion with Hinduja Ventures was as managing director. Mansukani has over the years handled various senior responsibilities in the group’s media and corporate sphere.
The Delhi University alumnius had spent the first half of his career in central government as an Indian Revenue Service officer.
During the course of restructuring NXTDigiatl CFO Amar Chintopanth has been appointed as whole-time director.
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.
