DTH
Tata Sky’s Pallavi Puri says TRAI tariff order has no impact on VAS portfolio
MUMBAI: DTH operator Tata Sky has been banking on value-added services (VAS) for a long time to differentiate itself from competitors. Its newly launched Tata Sky Theatre has emerged as one of the fastest growing services. While there have been speculations on the new tariff order’s impact on such services, Tata Sky chief commercial officer Pallavi Puri said the new price regime has not affected its VAS portfolio at all.
“Tata Sky Theatre is priced at Rs 75 and Rs 99 depending on whether you take SD or HD. At Rs 75, subscribers get four new plays every month; one new play every week plus there are other plays. There is no comparison. The new tariff order has no impact on it. It’s a big value offering for consumers,” she commented.
Tata Sky launched the subscription-based service for theatre enthusiasts in collaboration with Zee Theatre last September. According to Puri, customer insights revealed a need for access to theatrical content which led them to the ideation of this service. Puri said that while the company was identifying need gaps for launching more services, theatre came across as one.
“It’s been one of our fastest services. We launched over 30 services. What we found very unique about Tata Sky Theatre is that we have seen consumers actually calling us and say what they want more. So, the engagement has been higher. They love the plays and they want more regional plays,” Puri commented on the traction of the service.
In the initial phase, more traction has come from the Northern and Western part of India because primarily the plays are in Hindi. However, Puri revealed plans to expand the service in other regional languages. The company is currently discussing what would be the right plays or languages to add on.
DTH
Den Networks reports Rs 1,227 million FY26 profit growth
Revenue crosses Rs 10,009 million as margins improve and costs ease
MUMBAI: Not all signals are on screen some are buried in the balance sheet. Den Networks has reported a steady financial performance for FY26, with profit after tax rising to Rs 1,227.53 million, reflecting improved operational discipline despite a relatively flat top line. For the year ended March 31, 2026, the company posted revenue from operations of Rs 10,009.17 million, marginally higher than Rs 9,891.45 million in FY25. Total income stood almost unchanged at Rs 12,282.10 million compared to Rs 12,279.77 million a year earlier, signalling stability rather than aggressive expansion.
The real story, however, lies beneath the surface. Total expenses declined to Rs 10,648.32 million from Rs 10,691.30 million, driven by tighter cost controls across key heads. Employee benefit expenses dropped to Rs 548.64 million from Rs 651.52 million, while depreciation and amortisation expenses also eased to Rs 652.01 million from Rs 723.06 million, indicating a leaner operational structure.
As a result, profit before tax rose to Rs 1,633.78 million from Rs 1,588.47 million, while profit after tax improved to Rs 1,227.53 million, up from Rs 1,173.96 million in the previous year. Earnings per share stood at Rs 2.57, compared to Rs 2.46 in FY25, underlining incremental shareholder value creation.
On the balance sheet front, the company’s total assets expanded to Rs 43,416.76 million from Rs 42,496.64 million, supported by a sharp rise in bank balances to Rs 30,628.71 million. Equity also strengthened to Rs 38,532.74 million, reflecting accumulated profits and a growing financial cushion.
Cash flow dynamics, however, present a more nuanced picture. While investing activities generated a net inflow of Rs 632.80 million, operating activities saw an outflow of Rs 553.50 million, largely due to tax payments and working capital adjustments. The company ended the year with cash and cash equivalents of Rs 151.70 million, up from Rs 106.11 million.
Taken together, the numbers suggest a business that is prioritising efficiency over expansion holding revenue steady while tightening costs and strengthening its balance sheet. In an industry where growth often grabs headlines, Den Networks appears to be making a quieter statement: sometimes, resilience is the real signal.
