Cable TV
Miditech looking to enter the lifestyle English genre
MUMBAI: If there is a form of content that will grow in a big way this year it is English channels commissioning local production houses for content. Looking to take advantage of this is Miditech.
The production house is looking to do a host of shows in the lifestyle arena. Speaking to Indiantelevision.com on this Miditech CEO Nikhil Alva says, “We are looking to enter the lifestyle arena in the English genre. We are talking to Zee Trendz, Zoom and other channels for shows. We are looking to do shows on fashion, travel etc. This is an arena that I feel will experience a boom.”
Miditech has also done a series of five one hour documentaries for National Geographic Channel (NGC). These will be submitted next week and should go on air from April. They deal with an admirable range of subjects. One of these is tentatively titled Flight IC814. This recreates the fateful hijacking of the Indian Airlines flight to Kandahar in 2000. Alva says that some passengers and crew from the flight recall their harrowing experience which makes it authentic.
Closer home Miditech has also done a special on the Mumbai floods. This looks at the havoc wrought on the city last July and how the infrastructure crumbled.
Another documentary looks at the earthquake phenomenon. This was shot in the US and China. It looks at the work that scientists are doing in developing prediction models.
Chasing Cyclones is a tentative name for another documentary. Alva adds that as is the case with any NGC show a lot of research went into each documentary. It took two years to make some of the shows. A lot of effort has gone into understanding the different situations and the dynamics of each situation.
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.
