Cable TV
Zee Group promotes Anil Jain as Siti Cable CFO
MUMBAI: Even as Siti Cable CFO Sanjay Goyal put in his papers at the company, Zee Group has promoted Taj Television senior vice president finance Anil Jain to step into his shoes as CFO.
As was reported earlier today by Indiantelevision.com, Zee Group was looking to internally promote one of its executives from its group companies to fill in the position left vacant at Siti Cable.
Jain started his new role from today (9 June, 2015) and will be reporting to Siti Cable CEO VD Wadhwa.
Confirming the development to Indaintelevision.com, jain says, “In the past with media pro, I was taking care of the distribution aspect and now I will endeavor more in the fianance part.”
He further adds, “I am very excited to join Siti Cable as CFO and looking forward to working closely with the senior management and serve the company with my finance expertise.”
Prior to the new role as CFO, Jain was with Media Pro Enterprise India Private Limited for four years (now Taj Television). Before that he headed the finance and accounts at Zee Turner Limited for more than three years. He also served one year stint with Neo Sports as GM – affiliate accounts. He started his career with Zee Telefilms as an internal auditor for two years.
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.
