Cable TV
MSO applicants seek approval status in OHM
MUMBAI: Five MSO applicants and registered MSOs participated in an open house meeting to ascertain the status of their MSO application for grant of registration along with other queries.
Representatives from TJ Cable Network, World Phone Infrastructure Services, Haur Cable Network, Lamjingba Times Pvt Ltd, Yadav Cable Network were present in the meeting.
Representatives from TJ Cable Network raised a query regarding change of entity from proprietorship firm to partnership firm and asked whether it is possible to transfer MSO registration from proprietor to partnership. But such a change is not possible since there is no such provision in the CTN Act.
The representative of applicant MSO World Phone Infrastructure Services informed about the status of the application and were told that their application is under examination in the DAS Section of the Ministry.
In addition to that, the representatives of Haur Cable Network, Lamjingba Times Pvt Ltd, Yadav Cable Network mentioned were informed about the status of their applications that is under scrutiny in the DAS section and security clearance from MHA awaited.
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.
