Cable TV
Hinduja’s NXT Digital signs Hansen Technologies for billing solution
MUMBAI: Hinduja Group’s new Headend in the Sky (HITS) platform NXT Digital will be using Hansen’s ICC billing solution.
The Hinduja Group has signed a multi-year licence agreement for Hansen’s ICC Customer Care and Billing.
“With a potential target market of more than 100 million subscribers, we needed the leverage of a globally recognised firm with the expertise to move us forward. The implementation of our HITS platform will allow local cable operators to provide high-quality digital TV services to customers within their specific regions,” said Grant Investrade managing director Tony D’silva.
India is currently going through a government-mandated digitisation programme and it is expected that over 110 million TV homes will make the transition from analogue to digital over the next 17 months.
Hansen ICC has the strength and flexibility to support HITS by giving control to the parent organisation while allowing the individual businesses to operate independently.
“Businesses that run distributed models like HITS require the flexibility to balance the needs of the overall organisation with each of the independent operating units. The HITS business hierarchy requirements are highly complex; our Pay-TV solution enables NXT Digital to provide multi system operators (MSOs) and last mile owners (LMOs) a scalable solution from a single deployment,” added Hansen Technologies CEO Andrew Hansen.
The company was selected by GIL after a rigorous four-stage evaluation process conducted by Castle Media, which is also the technology programme manager for the HITS service, responsible for design to delivery of the $100 million project.
“Hansen exhibited the functionality and features that are required for an extremely complex multi-tier operation. With its pedigree and experience in the global Pay-TV space, it is certainly the appropriate partner for such a high-value project,” said Castle Media executive director Vynsley Fernandes.
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.
