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Hinduja Ventures appoints Ashok Mansukhani as MD; net profit remains flat
MUMBAI: Hinduja Ventures Ltd (HVL) whole-time director Ashok Mansukhani has been elevated as the managing director of the company for two years from 30 April 2018 to 29 April 2020. Mansukhani completes his existing term as whole-time director on 29 April.
The appointment was effected at the meeting of the board of directors today. Mansukhani was appointed as the MD and CEO of Hinduja Media Group in February 2017 following Tony D’Silva’s exit.
Mansukhani is a postgraduate from Delhi University and completed his masters in English literature from Kirori Mal College, Delhi University, and his LLB from K C Law College, Bombay University.
After a distinguished career in Central Government as an Indian Revenue Service Officer for 22 years, he joined the Hinduja Group in 1996 and has handled various senior responsibilities in the Group, in media and Corporate sphere. Mansukhani has been past president of the Multi System Operator Alliance (MSO Alliance) representing all leading MSOs in the country.
The Board of HVL at its meeting held today approved un-audited standalone financial results for the quarter and nine months ended 31 December 2017.
HVL, on a standalone basis, reported total income of Rs 169.12 crore for the nine months ended 31 December 2017 as against Rs 173.91 crore for the nine months ended 31 December 2016.
Net profit for the nine-month period in 2017 stood at Rs 88.80 crore as against Rs 88.39 crore during the corresponding period in 2016, an increase of 0.47 per cent.
For the quarter ended 31 December 2017, total income of the company stood at Rs 64.88 crore compared with Rs 53.58 crore for the quarter ended 30 September 2017 and Rs 52.79 crore for the quarter ended 31 December 2016.
Net profit for the quarter ended 31 December 2017 stood at Rs 33.76 crore as against Rs 29.55 crore for the quarter ended 30 September 2017 and Rs 35.99 crore for the quarter ended 31 December 2016.
IndusInd Media & Communication Ltd (IMCL), a Hinduja Group subsidiary, continues to make inroads into India’s rural areas through its head-end-in-the-sky (HITS) platform. IMCL is the only digital platform operator (DPO) to cover all 29 states and 4 union territories. This is due to major penetration in the past 12 months utilising NXT Digital’s HITS platform.
The company feels that there is scope for deployment for DPO to an additional 30 million homes in the rural universe of 99 million homes. Another 20 million homes await power to households and will begin to watch television in the next three years.
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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.
