Cable TV
General Anand elevated to IndusInd CEO
MUMBAI: There has been a major reorganisation at Hinduja Group MSO INCableNet in its senior management structure.INCableNet technical and services group president major general CL Anand has been elevated to CEO of IndusInd Media & Communications Ltd (IMC).
General Anand now not only has administrative charge of IMC, which manages INCableNet, but additionally is overall head of the group’s cable Internet arm In2Cable India Ltd. In2Cable CEO Brigadier Shridharan will now be reporting to Anand. Giving Anand overall charge of In2Cable is a prelude to the merging of the cable Internet ISP into IMC which will take place in due course, HTMT group director and CTO KV Seshasayee told indiantelevision.com.
Seshasayee, meanwhile, who took additional charge of INCableNet after IMC COO Rajiv Vyas quit, returns to the corporate office Hinduja House.
Another fallout of the executive restructuring at IMC is that Ram Hingorani, non-executive vice-chairman IMC, who has been managing INCableNet’s operations outside of the main four centres (Mumbai, New Delhi, Bangalore and Hyderabad) in addition to his corporate duties at Hinduja House, has been taken off that brief. That is solely under Anand now.
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.
