DTH
Dish TV-IndiaCast: TDSAT orders both to ceasefire
MUMBAI: This was one case that hardly took any time to get a judicial order. In the first hearing itself, the Telecom Disputes Settlement Appellate Tribunal (TDSAT) has come to the conclusion that Dish TV cannot be applying its ‘on request scheme’ for IndiaCast channels. And it has ordered India’s oldest DTH operator to make all its channels either as a la carte or as packages.
The TDSAT has also asked Dish TV to change the wordings of the scroll it is running on the channels as IndiaCast had raised objections about the same. At the same time, it has also asked the aggregator to stop airing the promos and advertisements that it has been running on its channels and newspapers asking people to change to other cable TV and DTH platforms. All these need to be incorporated as soon as the official order is out.
“I don’t know what are they objecting to. ‘On request channels’ is nothing but a la carte, worded differently. When you take channels on RIO they can only be a la carte,” said a senior executive from Dish TV. “We will be changing what we are running on the scroll after looking at the words that they have objected to and what they would like it to be changed to,” he added.
As of now, Dish TV officials stated that they will not be challenging or filing any appeal against the TDSAT order.
DTH
Den Networks reports Rs 1,227 million FY26 profit growth
Revenue crosses Rs 10,009 million as margins improve and costs ease
MUMBAI: Not all signals are on screen some are buried in the balance sheet. Den Networks has reported a steady financial performance for FY26, with profit after tax rising to Rs 1,227.53 million, reflecting improved operational discipline despite a relatively flat top line. For the year ended March 31, 2026, the company posted revenue from operations of Rs 10,009.17 million, marginally higher than Rs 9,891.45 million in FY25. Total income stood almost unchanged at Rs 12,282.10 million compared to Rs 12,279.77 million a year earlier, signalling stability rather than aggressive expansion.
The real story, however, lies beneath the surface. Total expenses declined to Rs 10,648.32 million from Rs 10,691.30 million, driven by tighter cost controls across key heads. Employee benefit expenses dropped to Rs 548.64 million from Rs 651.52 million, while depreciation and amortisation expenses also eased to Rs 652.01 million from Rs 723.06 million, indicating a leaner operational structure.
As a result, profit before tax rose to Rs 1,633.78 million from Rs 1,588.47 million, while profit after tax improved to Rs 1,227.53 million, up from Rs 1,173.96 million in the previous year. Earnings per share stood at Rs 2.57, compared to Rs 2.46 in FY25, underlining incremental shareholder value creation.
On the balance sheet front, the company’s total assets expanded to Rs 43,416.76 million from Rs 42,496.64 million, supported by a sharp rise in bank balances to Rs 30,628.71 million. Equity also strengthened to Rs 38,532.74 million, reflecting accumulated profits and a growing financial cushion.
Cash flow dynamics, however, present a more nuanced picture. While investing activities generated a net inflow of Rs 632.80 million, operating activities saw an outflow of Rs 553.50 million, largely due to tax payments and working capital adjustments. The company ended the year with cash and cash equivalents of Rs 151.70 million, up from Rs 106.11 million.
Taken together, the numbers suggest a business that is prioritising efficiency over expansion holding revenue steady while tightening costs and strengthening its balance sheet. In an industry where growth often grabs headlines, Den Networks appears to be making a quieter statement: sometimes, resilience is the real signal.
