Cable TV
GTPL Hathway share up as FII / FPI limit raised to 49 pc
MUMBAI: The share price of GTPL Hathway, a leading regional multi-system operator (MSO) which offers cable television and broadband services, rose 2.60 per cent to Rs 132 at 11:05am on the BSE after the central bank of India — RBI — raised foreign investment limit to 49 per cent from 24 per cent, earlier.
The shares were listed on the stock exchanges on 4 July 2017, debuting on a flat note at Rs 170 compared with the IPO price of Rs 170. On a yearly basis, the price of GTPL Hathway has lost 23.46 per cent.
The stock of GTPL Hathway, which recently pocketed Rs 480-mn Gujarat govt contracts, had touched a high of Rs 134 and a low of Rs 130.50 during the day. It was on 11 July that the stock climbed a record high of Rs 190.30 and hit a record low of Rs 126.60 on 24 August 2017.
The stock had underperformed the market in the past month till 7 September 2017, falling 10.57 per cent when compared with 0.42 per cent overall decline in the Sensex.
The Reserve Bank notified after market hours on 7 August 2017 that the Foreign Institutional Investors (FIIs)/Foreign Portfolios Investors (FPIs) investment limit under Portfolio Investment Scheme in GTPL Hathway has increased to 49 per cent of its paid-up capital.
Recently, GTPL Hathway was awarded a work order by Gujarat Informatics Limited an estimated sum of Rs. 290 million for a five-year contract. Additionally, it was awarded with a work order by the home department, government of Gujarat, worth Rs 190 million.
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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.
