Cable TV
GTPL Hathway board okays additional stake buy in subsidiaries
MUMBAI: The board of directors of GTPL Hathway has approved the acquisition of additional stake in subsidiaries besides the sale/transfer of shareholding and preferential shares in a subsidiary company.
The multi-system operator (MSO) will increase its shareholding in subsidiary GTPL Space City from 61.50 per cent equity share to 74.5 per cent by acquiring additional 13 per cent equity shares. The company will also make GTPL Junagadh a wholly owned subsidiary by acquiring remaining 49 per cent stake.
The board has also approved the sale/transfer of all 51.08 per cent shareholding comprising 16,08,000 equity shares of Rs.10 each and 11,80,840, 10 per cent cumulative convertible preference shares of Rs 10 each in GTPL Chelikam Network India aggregating to Rs 1.18 crore.
Last year, too, the company turned three cable TV companies into wholly owned subsidiaries after buying remaining stake in the companies. GTPL Hathway last year increased its stake in two subsidiary companies GTPL Surat Telelink and GTPL Ahmedabad Cable Network. The company has acquired remaining 49 percent stake in GTPL Surat Telelink thereby making it a wholly owned subsidiary.
Also read:
GTPL Hathway pockets Rs 480-mn Gujarat govt contracts
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.
