Cable TV
BRDS Digital Cable TV & Broadband Services celebrates 25 Years of Cable TV Entertainment Service!
Entertainment is the art of instilling happiness away from the reality of lives. Having served as a medium of entertainment since its inception, Bhima Riddhi Digital Services (BRDS), now Metrocast Network India Pvt. Ltd., is celebrating 25 successful years of providing cable TV entertainment. What started off as a single-headed venture into the world of the cable TV entertainment services in 1995 in Belgaum, changed the face of entertainment across towns and villages, and is today one of the largest independent MSOs in India growing strong with each coming day.
India as a country has always been inclined to television as a medium for entertainment. Disrupting the regional, national, and international barriers, the oncoming of cable TV proliferated manifold into making entertainment a rich experience. Ever since its inception in the early 90s, Bhima Riddhi Digital Services has been a dedicated cable TV entertainment service connecting users across Karnataka and has, today, build up its network across Maharashtra and Goa too.
Overwhelmed with the response that his company has achieved over the years, Mr. Nagesh Narayandas Chhabria, CEO & Founder of Bhima Riddhi Digital Services, shares “It’s a dream milestone as an entrepreneur to celebrate 25 years of his business. I am thankful to our millions of subscribers, many more million viewers, broadcasters, TV Partners, the staff, managerial and technical team, and my family for all the love, support, and trust that made this company a success. It's been a journey that wouldn’t have reached here without this bunch of people who believed in our vision. ”
Mr. Nagesh further credits his wife, Mrs. Nisha Chhabria for playing a pivotal role in the handling of the business and being the pillar of success that took BRDS to new heights. Crafting new ventures and advents for the company in its technological and futuristic approach, Mr. Nagesh entrusts his daughter Riddhi and son Sumukh promising betterment of business for everyone in the chain of business.
Ever since its emergence, Bhima Riddhi Digital Services, now Metrocast Network India Pvt. Ltd has navigated through the toughest of times nourishing its growth and making exemplifying achievements in every step. Connecting people through the beauty of entertainment, the company is taking these 25 years of cable TV entertainment as a benchmark to provide promising service in the coming years too!
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.
