Cable TV
SN Sharma gets AIDCF responsibilities once again
MUMBAI: It’s back to being president of the All India Digital Cable Federation (AIDCF). DEN Networks CEO S.N. Sharma who led the AIDCF from April 2019 to March 2021 as its president has once again been appointed to that post. His term will continue till March 2025 when a new head will hopefully be selected.
The AIDCF was set up in 2014 with VD Wadhwa, the then CEO of Siti Networks as its head.
Sharma, a veteran and popular figure in the cable TV industry, succeeds Fastway CEO Peeush Mahajan, who stepped down from the position in May 2024 due to personal reasons (apparently, he’s migrated to Canada and won’t be coming back). Peeush took over as president in April 2023 and his term was supposed to end in March 2025.
Sharma had been acting president of the association since then.
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.
