DTH
Videocon d2h named best ‘Pay TV Service’ at Content Innovation Award in Cannes
MUMBAI: Indian direct to home (DTH) company Videocon d2h bagged the ‘Pay TV Service of the Year’ award at Digital TV Europe’s inaugural Content Innovation Awards held in Cannes.
Videocon d2h is India’s fastest growing pay TV operator. For the quarter ended 30 June, 2015, Videocon d2h’s subscription revenue grew 32.2 per cent year on year to Rs 599 crore. On the other hand, the company’s revenue from operations grew 23.3 per cent year on year to Rs 663 crore. Videocon d2h’s gross subscriber base stands at 13.70 million, whereas its net subscriber base is at 10.64 million.
Videocon d2h executive chairman Saurabh Dhoot said, “As the fastest growing Pay TV operator in India and the DTH market leader for the fourth consecutive year in terms of incremental market share, Videocon d2h has worked hard for its success in what can only be described as a strongly competitive marketplace. Our focus of providing superior customer service for each and every single one of our 14 million gross subscribers has served as the foundation for several milestone accomplishments for Videocon d2h, including adding 2.64 million subscribers, growing subscription revenues by 38.3 per cent during this past fiscal year.”
Videocon d2h CEO Anil Khera added, “2015 has certainly been a banner year for Videocon d2h. We started the year with the launch of India’s first 4K Ultra HD channel in January, became the most valued Indian company to be listed on NASDAQ with our successful IPO with a market cap of $1.24 billion as of 30 June, 2015. Being honoured with Pay TV Service of the Year award is a celebration of our customer delight approach.”
Accepting the award, Videocon d2h deputy CEO Rohit Jain said, “Being named Pay TV Service of the Year, especially from a global field of innovative businesses, is truly the icing on the cake.”
On the other hand, Discovery Networks International was named as the Best International TV Networks Group. Discovery Networks CEEMEA also won the Best Series Launch of the Year for Dynamo: Magician Impossible (season 4).
Endemol Beyond was crowned MCN of the Year, whereas the Channel of the Year award went to Eurosport. The award for the Best New Channel launch went to AMC Global.
Some of the other major winners at the awards were Entertainment One, which won International Production Company of the Year, ITV Studios Global Entertainment was awarded as the Best Content Distributor.
BT took home the award for 4K Initiative of the Year for its Ultra HD Service, whereas the Cloud TV Innovation of the Year award went to Easel TV for Curzon Home Cinema. Orange for Watch with Twitter bagged the Social TV Innovation of the Year award.
The Industry Innovation of the Year went to VOO for the .évasion box and Videowall. Rovi bagged the TV Technology Award (content discovery) award for Personalized Discovery Solution
The awards were attended by more than 100 programming and technology industry executives in Cannes.
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.
