Cable TV
GTPL Hathway pockets Rs 480-mn Gujarat govt contracts
MUMBAI: GTPL Broadband Private Limited, a wholly owned subsidiary of GTPL Hathway Limited, has been awarded a work order by Gujarat Informatics Limited an estimated sum of Rs. 290 million for a five-year contract.
The scope of the order is for providing Wi-Fi services on Service / Rental Module including (Design, Built, and Operations & Management) for state-wide public Wi-Fi hotspot’s under Gujarat State Urban Area Network (GSUAN).
Additionally, GTPL Hathway has been awarded with a work order by the home department, government of Gujarat, worth Rs 190 million. The order, for a period of five years, was received for supply, installation, commissioning and maintenance of internet bandwidth for various offices of Home Department, government of Gujarat across the state.
GTPL Hathway Ltd, formerly known as GTPL Hathway Pvt. Ltd., provides digital cable television and broadband services. It also provides channels across various genres and offers approximately 30 high-definition (HD) channels.
ALSO READ :
Restructuring brings Hathway to black in first quarter
GTPL Hathway reports higher numbers and flat q-o-q ARPUs
GTPL Hathway declares maiden dividend on higher numbers for FY-17
GTPL boosts channels & OTT with Harmonic, can deliver to 8 mn homes
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.
