Cable TV
GTPL boosts channels & OTT with Harmonic, can deliver to 8 mn homes
MUMBAI: Harmonic, a leader in video delivery infrastructure, announced that GTPL, India’s leading digital cable TV distribution company, which reaches an estimate of more than 8 million households in more than 189 cities, has deployed a next-generation software-based unified video headend system from Harmonic.
At the heart of the solution is Harmonic’s Electra™ X2 advanced media processor that supports MPEG-2, MPEG-4 AVC and HEVC encoding for both traditional cable television and live OTT multiscreen services, saving GTPL significant space and power consumption.
“To remain competitive in the television distribution space, we needed to further differentiate our offering with compelling content, deliver higher video quality at a lower cost of operation and prepare for OTT,” said Aniruddhsinh Jadeja, managing director at GTPL Hathway. “Harmonic provides us with a complete headend solution for CATV and live OTT, with distribution of up to 650 cable television channels and 50 OTT channels from a unified management system. We can also support advanced features such as graphic overlay and scroll insertion, which are integral to our business. We are currently delivering live TV and have plans to explore catch-up TV, nPVR and 4K video in the future to provide an even better viewing experience to subscribers.”
According to Frost & Sullivan, there are approximately 66 million unique connected video viewers in India, and about 1.3 million OTT paid video subscribers. The ability to support CATV and live OTT services from a unified headend provides interoperability capabilities, operational efficiency and opens up revenue opportunities for GTPL by enabling the operator to launch OTT offerings when ready.
“Migrating to a software-based unified video headend for CATV and OTT delivery allows GTPL to roll out new offerings quickly and reduce costs through decreased space, power, equipment and personnel requirements,” said Tony Berthaud, vice president of sales, APAC, at Harmonic. “In the future, as GTPL further improves upon its video quality and service offerings, Harmonic’s software-based infrastructure will make it easy to adapt new codecs and formats.”
The Electra X2 processor maximizes the efficiency and flexibility of statistical multiplexing through tight integration with Harmonic’s ProStream® video stream processor, allowing the operator to increase bandwidth efficiency and broaden its channel count. The unified headend also includes ProView™ integrated receiver-decoders for reception and ProMedia™ Package multiscreen stream packager for deploying secure live OTT services. Everything is managed through the NMX network management solution.
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.
