Cable TV
Hathway gets board approval to raise Rs 150.40 crore
MUMBAI: After getting shareholder nod to raise Rs 300.80 crore at the EGM on 5 September, Multi system operator (MSO) Hathway Cable & Datacom has now announced that its Board of Directors has approved raising of more Rs 150.40 crore through preferential allotment of shares. The announcement was made after a meeting of Board of Directors held today.
The MSO in a statement on the BSE said, ‘subject to the shareholders and other necessary approvals and compliance with applicable laws and regulations, the issuance of up to 47,00,000 fully paid-up equity shares of face value of Rs 10 each (the Equity Shares) of the Company to the following investor (as per the list mentioned below ), at a price of Rs 320 per equity share aggregating to Rs 150,40,00,000 (Rupees one hundred fifty crore forty lakh only) by way of a preferential allotment pursuant to the provisions of Section 42 and 62 (l)(c) of the Companies Act, 2013 and other applicable legal provisions, including but not limited to Chapter Vll of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended.’
Hathway will be allotting 47 lakh shares to CLSA Global Market PTE pursuant to preferential allotment for Rs 150.40 crore.
The approval of the shareholders for this issuance and allotment will be sought at an extraordinary general meeting to be held in this regard later.
During the EGM held on 5 September, Hathway had got shareholders approval to raise Rs 300.40 crore. Capital Partners’ Smallcap World Fund and Global Small Capitalisation Fund bought a total of 94 lakh shares for the fund raising.
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.
