Cable TV
Den Networks CEO SN Sharma takes over from Hathway’s Rajan Gupta as AIDCF president
New Delhi: All India Digital Cable Federation (AIDCF), the apex body of digital cable television players, announces the appointment of Mr. S N Sharma (CEO – Den Networks Limited) as the new President of the Federation with effect from 1st April 2019 post expiration of term of Mr. Rajan Gupta – current President.
Mr. Gupta commented that, “I am delighted to handover the presidency to Mr. Sharma. It had been an event filled last couple of years at AIDCF, where we successfully migrated into the digital regime and ensured that New Tariff Regime becomes a reality, thereby empowering the consumers. I would like to thank all the members of AIDCF, without whose support this journey would not have been possible” Commenting on his appointment as the new AIDCF President, Mr. S.N. SHARMA said, “It is an honour for me to take the baton of leading AIDCF from Mr. Gupta and carrying it forward in the direction of realizing ‘The dream of Digital India’. All the esteemed members and I will continue to work as a team to resolve the issues and enhance the overall growth of Cable Television. Our priority will be making the new Tariff Regime hassle free so that that there is no inconvenience to the consumers. We will encourage and value the constructive suggestions and feedbacks.
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.
