Cable TV
Hathway CFO Vineet Garg resigns
MUMBAI: Hathway Cable and Datacom chief financial officer (CFO) Vineet Garg has resigned effective 15 May 2018. He has also resigned as a director from the board of Hathway Bhawani Cabletel and Datacom.
“We wish to inform you that Vineet Garg, director, has tendered his resignation with immediate effect i.e. from 30 March 2018,” Hathway Bhawani said in a filing to the BSE.
Hathway’s release to the BSE stated: “Pursuant to Regulation 30 (6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Part A of Schedule III, we wish to inform your kind office that Vineet Garg-chief financial officer (key managerial personnel) of the company has tendered his resignation and his resignation shall be effective from 15 May 2018.”
Garg had joined Hathway in June 2014. He was promoted to CFO in February 2016 following the exit of G Subramaniam. Prior to Hathway, Garg was with Reliance Communications as national head lifecycle management – wireless operations. His career spans more than 21 years in the telecom and media industry.
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Hathway reports improved standalone Q3 results
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.
