Cable TV
Star India to settle accounts with RVR Infrastructure, signals reconnected
NEW DELHI: Following a direction of the Telecom Disputes Settlement and Appellate Tribunal, Star India has reconnected the signals to RVR Infrastructures Ltd after the MSO paid an amount of Rs five lakh as directed.
Member B B Srivastava was informed on 29 August 2016 that the two parties had already met for one round to reconcile accounts and would be meeting again before the next date of hearing – 5 September.
Earlier in the hearing on 24 August 2016 on the petition by the MSO challenging the disconnection of signals by the broadcaster, the Tribunal was told by RVR counsel Sharath Sampath that two cheques for Rs 2.5 lakh each dated 30 June 2016 had been lying with the broadcaster which had not beenencashed till date. However, Star India counsel Saurabh Shrivastava said this had not been done under instructions from RVR.
According to RVR, the disconnection notice by Star India was for clearance of outstanding ofRs 8,51,635.
The Tribunal noted that the dis.connection notice expired on 12 August 2016 and the signalswere disconnected on 23 August 2016.
Under those circumstances, RVR and Star India had been directed to reconcile the amount andthe MSO had been asked to pay Rs five lakh through RTGS the same day (24 August 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.
