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Sanjay Berry rejoins Siti Networks
MUMBAI: Sanjay Berry has been appointed as chief financial officer of Siti Networks.
Berry joined Siti Network in December 2016 but after four months he quit the organisation. Prior to this, he was working with Bharti Airtel as corporate financial controller.
In his 25 years of work life he has had experience with computer sciences corporation, Patni Computer Systems, HCL Technologies and Arthur Andersen & Associates.
Commenting on the appointment, chief business transformation officer Rajesh Sethi said, “We welcome back Sanjay Berry on board. He brings with him specialized expertise of handling the finance function at large & diverse range of industries. Siti Networks has been a pioneer in compliances and adherence to regulations. Berry will play an instrumental role in further strengthening systems, processes & compliances. He also brings to us a competitive edge in strategizing business, and accomplishing organizational goals.”
Berry will be based at the corporate office of Siti Networks, Noida.
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Siti Networks’ operating profit more than doubles in first quarter
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.
