Cable TV
Yogesh Sharma takes over as Siti Networks CEO
Mumbai: Siti Networks Ltd, an Essel Group company has appointed Yogesh Sharma as chief executive officer from 1 January.
Sharma joined Siti Networks as vice president in 2018 and became the chief operating officer in 2019. He has been instrumental in introducing innovative ideas, implementing new processes and competitive strategies to achieve market leadership, said the company in a statement. He has led tactical initiatives and best practices to streamline the operational framework by setting up a robust system at the company, it added.
“It is an honor to lead Siti Networks. We will be working to enhance our ground connect and introduce new business models focused on leveraging our distribution strength and offering innovative products for our customers,” said Yogesh Sharma on his new role.
Sharma, with over 28 years of rich experience, has a proven record of driving operational excellence across organisations. He has dynamic leadership capabilities in business expansion through strategic initiatives, transformational leadership, strengthening operational capabilities, project controls, and implementing best practices. He has extensive experience with national MSOs like DEN Networks, Hathway Cable, and IMCL-Indusind Media and Communication.
Sharma is a mechanical engineer from Pune University and has attended the prestigious INSEAD leadership programme for senior executives (ILPSE) from INSEAD, Fontainebleau, France.
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.
