Cable TV
Howrah’s DAS travails
KOLKATA: To DAS or not to DAS? That is the question in West Bengal’s Howrah.
Howrah, which is among those regions that are under phase II of DAS, has seen the implementation of DAS in only around 40 per cent of the million or so cable TV connections that dot the district.
The remaining 60 per cent continues to be stuck watching analogue cable TV services. Subscribers have been loathe to pick up a set top box (STB) as local cable TV operators have clearly assured them that they fall under Howrah district and not Howrah city.
A Howrah resident Rohan Das when contacted says: “I don’t mind buying the set top box (STB) but my operator has informed that it is not necessary to buy now.”
Sources further add that not enough is being done to monitor or police how cable TV is making the transition to digital in Howrah. Cable Operators Digitisation Committee of the Association of Cable Operators convener Swapan Chowdhury confirmed that there is slackness in the DAS rollout.
Manthan director Sudip Ghosh pointed out that things are doing well in “Howrah city which has around five lakh cable TV connections; most of these have been digitized. More over the CAF collection has also been completed by many, while some are doing it now.”
Manthan has installed 20-25 per cent STBs in the region out of the four to five lakh STBs. Ghosh clarified that “Howrah district and Howrah city are different.”
SitiCable Kolkata director Suresh Sethia also confirmed that the company has completed the work as mandated by TRAI. He however added, “TRAI has to define whether the border of Howrah falls under phase II or not. The regulator has to clarify the DAS area.”
SitiCable controls a sizeable chunk of cable TV viewers in the region. It should be noted that broadcast regulator TRAI has extended the deadline for collection of Consumer Application Forms (CAF) in phase II cities including Howrah by MSOs to 15 November from its previous deadline of 30 September. MSOs operating in Howrah vicinity confirm that they will meet the deadline.
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.
