Cable TV
CAN welcomes basic tier pricing post-CAS, cautions government to stay on alert on implementation
MUMBAI:It’s once again the turn of the Consumer Action Network (CAN) to air its views on conditional access. President Ahmed M. Abdi has welcomed the government’s decision to fix the price of free-to-air television channels at Rs 40 per household per month.
Says Abdi in a press release: “This is a price affordable by poorest of the poor section of our society and the government should not come under pressure of cable operators who want to increase this price to Rs 250 for the free to air bouquet. Cable operators are free to make profits from the generation of revenue from Pay Channels, which would be subscribed to by the affordable section of the society, and it is duty of the Govt. to come to rescue of the general public comprising of poor section of the society having limited avenues for entertainment.”
Abdi has also cautioned the government to keep a close watch on cable ops, as they would try and arm twist cable TV viewers into subscribing to pay TV services by depriving them of basic free to air services if they don’t take up pay TV services. “If any such cases come to light, the government should act tough by labelling it a cognizable and non-bailable offence authorising the local police to initiate action as per law,” he says. “It is essential that a regulatory body be constituted and be empowered to look into the problems that consumers face and also take timely decisions.”
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.
