Cable TV
Hathway bags HR Excellence Award
MUMBAI: Multi system operator Hathway Cable & Datacom has added another feather to its cap by winning the HR Excellence Award organised by Genius Consultants in association with Times of India.
This was the first time ever that Hathway as an organisation had participated in an HR Award category and its Human Resource VP Sunil Suji bagged the award as “The HR Leader of the Year” in the Large Enterprise category.
Suji commented, “This recognition brings a great sense of achievement along with an added responsibility to excel further. I dedicate this award to my HR team, who has been instrumental for all the achievements in the last year. Along with the team, I look forward to enable movement of the HR function to a business Partner Model by developing Centers of Excellence and an HR strategy aligned to the Business. Various plans towards improving the learning function and compensation strategies are on the cards.”
Hathway MD and CEO Jagdish Kumar said, “My heartfelt congratulations to Sunil for this esteemed achievement. This is a well-deserved recognition. It should motivate him to achieve greater excellence in making Hathway the most preferred employer. I also appreciate the various HR initiatives taken by him with regards to policies and governances that has made Hathway more organized and distinguished in Cable and Broadband sector.”
About 450 organisations from across the country participated in the event – namely, Mahindra & Mahindra, Exide Industries, L& T Finance, Tikona Digital Networks, Jubilant Food Works, Viom Networks, Berkedia Services, amongst others.
The company’s EVP Jagadesh Babu Botta stated, “I extend my hearty congratulations to Sunil for his exemplary efforts in HR which have led to the receipt of this award. This transformation of the HR functions towards increased partnership with the business, thereby enabling a dynamic work culture. His efforts in developing a vibrant HR team, talent acquisition, learning and employee welfare are highly appreciated.”
Genius HR Excellence Awards was instituted in the year 2011, and the last three years have been very successful wherein blue chip companies across all segments of the industry, have participated on a pan India basis and have won the awards.
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.
