Cable TV
CATV Act expected to clear RS tomorrow
Now that the Cable TV Networks (Regulation) Amendment Bill, 2002 has been passed by the Lok Sabha (Lower House of Parliament), there is one final step it has to take before being signed into law – clear the Rajya Sabha (Upper House).
The amendments to the Cable TV Regulations Act, 1995, which will pave the way for addressability on Indian cable systems through conditional access, is likely to be cleared in the Rajya Sabha tomorrow. Current indications are that though the bill has not been listed in tomorrow’s agenda, the government will force its discussion in the Upper House along with another bill. The effort is clearly to get the bill passed tomorrow itself or information and broadcasting minister Sushma Swaraj’s dogged efforts to push the bill through would get negated.
The amendments to the Act were passed in the Lok Sabha yesterday through a voice vote after a marathon discussion which lasted over three hours.
The bill was to have been discussed in the Rajya Sabha today but could not be taken up as the House was busy discussing other issues like a co-operative bank scam which has recently surfaced and most of the early afternoon was taken up by finance minister Yashwant Sinha replying to various queries on this issue.
However, government officials point out that even in the unlikely event that the bill is not discussed in the RS tomorrow, proponents of CAS need not lose heart.
“Since the Bill has been okayed by the Lok Sabha, the government can push through the legislative change through an ordinance after Parliament takes a break,” a senior information and broadcasting official told indiantelevison.com.
Government officials also opine that effecting policy changes through ordinance has been resorted to in the past by various governments.
Incidentally, before the Cable TV Networks Regulation Act, 1995 was formally enacted into a law, the then government of the day had passed a late night ordinance to regulate cable networks.
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.
