Cable TV
Hathway bags ET Best Tech Brand 2015 award
MUMBAI: Hathway won the Economic Times Best Tech Brand 2015 in telecommunication, technology and media space for its significant contribution in the growth of digital cable television in the country.
The ET Edge-Best Tech Brands 2015 summit was held in Delhi on 17 December.
Technology brands like HP, Capgemini, IBM, Ricoh, Mphasis and Sify amongst others were part of this summit, which recognised key contributions of organisations in building and upgrading technology to create a robust ecosystem and providing a business edge in their respective industry.
Hathway Cable & Datacom managing director and CEO Jagdish Kumar G Pillai said, “We are extremely proud of this achievement and thank all stakeholders and team Hathway who have contributed towards the growth of Hathway in the digital cable television and broadband space. This recognition from one of leading and most trusted names in media, The Economic Times, is testament to the giant strides that Hathway has taken in the technological transformation of digital cable TV and wired broadband businesses in India and our continuing efforts in empowering our customers to build a better and robust service & brand.”
Hathway featured in the list of top 150 technology brands of India as per the Economic Times & MRSS industry agnostic study to understand what goes into the making of leading tech Brands in the B2B space.
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.
