Cable TV
Hathway Bhawani stays tuned in with steady Q1 despite revenue static
MUMBAI: Even in the choppy waters of cable and broadband, Hathway Bhawani has kept its wires untangled. Hathway Bhawani Cabletel & Datacom Ltd reported a modest consolidated net profit of Rs 0.82 lakh for the quarter ended June 30, 2025, according to its unaudited financial results approved by the board on July 14. This marks a sharp dip from Rs 29.03 lakh in the previous quarter, but a turnaround from a net loss of Rs 11.41 lakh in the corresponding quarter last year.
While revenue from operations inched up marginally by 1 per cent year-on-year to Rs 60.91 lakh, total income for the quarter stood at Rs 61.17 lakh. The company’s share of profit from its joint venture, Hathway Bhawani NDS Network Ltd, contributed Rs 0.27 lakh to the bottom line this quarter.
Operating expenses remained broadly stable, with feed charges at Rs 22.29 lakh, employee benefit expenses at Rs 11.55 lakh, and other expenses slightly lower year-on-year at Rs 17.10 lakh. However, deferred tax and a short provision of Rs 1.46 lakh for earlier years dragged down the profit after tax to a net loss of Rs 0.77 lakh. The company also recorded a minor actuarial gain of Rs 0.05 lakh from remeasurement of benefit plans.
On the standalone front, the picture remained similar revenue matched the group’s performance at Rs 60.91 lakh, but net loss widened slightly to Rs 1.04 lakh due to the same tax adjustments.
The company also addressed long-standing telecom licensing fee demands totalling Rs 4,130.38 lakh from the Department of Telecommunications, reaffirming its legal confidence and reiterating that no provision was necessary based on legal opinion.
While the earnings per share stood at a flat Rs (0.01), the company closed the quarter with stability on most operating metrics. In a sector where volatility often rules the screen, Hathway Bhawani continues to keep the static at bay even if the signal isn’t quite booming just yet.
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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.
