Cable TV
DAS III: IBF welcomes Delhi HC order
MUMBAI: The Indian Broadcasting Foundation (IBF) has welcomed the order passed by the Delhi High Court on 3 November 2016 dismissing nine DAS-related petitions. The petitions dealt with the time extension for implementing digital addressable system (DAS) in certain areas of Karnataka, Kerala, Andhra Pradesh and Telangana and Uttar Pradesh under Phase-III, the deadline for which had expired on 31 December 2015.
There is no change in DAS Phase IV deadline, which continues to be 31 December 2016.
With the dismissal of these petitions, the stay granted by various high courts in areas covered by the above-mentioned nine cases stands vacated and will no longer apply.
The Delhi High Court, dismissing these petitions, has also directed the petitioners to switch over to digital addressable systems within three weeks i.e. by 24 November 2016 and inform the subscribers by running a scroll on their networks about the digital switchover deadline
The high courts in various parts of the country had earlier granted stay in certain matters on DAS Phase III deadline. The stay orders had stalled the implementation of DAS Phase III in those areas. This prompted the MIB to move the Supreme Court to get all the cases transferred to the apex court.
The SC made Delhi High Court as the designated court for all cases related to DAS Phase III. The above-mentioned order of the Delhi High Court has removed the impediments in implementation of DAS in Phase – III areas.
The IBF has advised all its member-broadcasters to apprise all its affiliate multi-system operators (MSOs) and local cable operators about the said switchover deadline of 24 November 2016 in these Phase – III areas and make it clear that after the said date the channels can be received only through a digital set-top box. The subscribers in these areas are advised to immediately contact their respective local cable operators (LCOs)/MSOs to ensure the installation of STBs before the expiry of the above-mentioned deadline.
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.
