Cable TV
Siti Cable’s VD Wadhwa nominated for Asia Communication Awards
MUMBAI: Siti Cable executive director and CEO VD Wadhwa has been nominated in the Best CEO Category for Asia Communication Awards 2016, along with 11 other leading Asian CEOs. The winner will be determined through an industry vote, assessed through net promoter scoring (NPS).
Launched in 2011, the Asia Communication Awards (ACA) is a platform that recognizes the outstanding performance and innovation of the companies and individuals driving the success of the Asian based communication industry. The CEO of the Year category sets out to recognize the CEO who has gone above and beyond the call of duty. Past winners in this category have been from esteemed organizations like Tata Communications, Telstra and China Mobile.
ACA is organized by Total Telecom that meets the information and research needs of the Global Communications industry. The award ceremony will be held in Singapore, Marriott Tang Plaza Hotel on June 1, 2016.
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.
