Cable TV
Kolkata MSOs anticipate cooperation from LCOs in two months
KOLKATA: The multi-system operators (MSOs) have started gross billing for the month of December from 7 January in Kolkata and are hopeful that the local cable operators (LCOs) who at present are showing some resistance will eventually fall in line in the next two months.
The MSOs in the meanwhile are educating consumers about gross billing by publishing advertisements in newspapers. The ads request consumers to make the payment against a bill only.
“We have started the billing process. Customers are happy, but the operators do not want the billing to be in place. There might be some resistance but eventually things will fall in line,” said Siticable Kolkata director Suresh Sethia.
While another MSO said that the company is having meetings with operators and trying to convince them of the benefits of digitisation.
“We are talking to the LCOs and asking them to hike the bill which will include amusement tax and service tax. Even consumers have to understand that they have to pay taxes now,” said the MSO.
When the MSOs were asked about the disbursement of the bills, some said they have given the bills to LCOs in compact disk (CD), while others like SitiCable said that they have uploaded the bills on their system and the LCOs can easily take the printouts.
However, the LCOs in Kolkata have made it clear that they will not distribute the bills unless the revenue sharing model and other details are discussed.
Cable Operators Digitalisation Committee of the Association of Cable Operators convener Swapan Chowdhury said, “The MSOs who are giving the bills on CDs to LCOs need to give a hard copy of the bills as printing will also involve cost.”
It seems the LCOs are serious about every single penny and are not in a mood to give up easily!
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.
