Cable TV
GTPL Hathway announces change in directorate
MUMBAI: There has been a change in the directorate at GTPL Hathway. The Anirudhsinh Jadeja-promoted network has accepted the stepping down of Falgun Shah and Kunal Chandra – as independent directors, having completed their second term from 27 September 2024. It made this announcement to the Bombay stock exchange in end-September.
The duo has been replaced by Dhiren Dalal and Sunil Sanghvi who came on board as independent directors from 28 September.
It may be recalled that GTPL Hathway had disclosed in its annual report for the year ended 31 March 2024 that its rapid expansion in Andhra Pradesh , Telangana, Tamil Nadu, the north-east, Delhi, Harayana and Uttarkhand had led to an increase in its active subscribers by 550,000 to reach 9.5 million while its paying subscribers rose 600,000 to touch 8.8 million on a year on year basis. Its standalone revenue too rose to Rs 2028.52 crore and its net profit to Rs 76.24 crore.
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.
