Cable TV
Digital cable federation AIDCF secy-gen Saharsh Damani quits
NEW DELHI: Saharsh Damani has decided to move on and put in his papers as the founder secretary-general of the All-India Digital Cable Welfare Federation. However, his resignation will be effective by October-end.
During his tenure, Damani played a crucial role in steering negotiations with the government and TRAI and on the cable tariff case in Tamil Nadu where AIDCF was intervener.
No reason has been given but industry sources said Damani may move out of media and entertainment industry. Prior to joining AIDCF in July 2015, Damani had worked with the Indian Broadcasting Foundation.
Damani is a professional with around 15 experience in business strategy, strategy consulting, operations, business development, mergers and acquisitions, qualitative / quantitative research, corporate and financial research, competitive intelligence and crisis management.
He has expertise in financial planning, innovation and strategic development, business brokerage with wealthy and influential market segment and market intelligence. He is also skilled in designing and implementing strategic plans, project management, new business development, sales and marketing and financial planning.
Damani has hands-on experience in brand positioning and research from acquisition to exit strategy, directing numerous product introductions, managing business units and creating project teams. He is efficient in developing new markets, reinvent and revitalise operations, and turnarounds using creative approaches.
With excellent communications skills with strong analytical, problem solving and organisational abilities, he has a sound exposure of using a large variety of databases.
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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.
