Cable TV

No going back on DAS despite difficulties in P-IV: MIB

Published

9 years ago

February 8, 2017

NEW DELHI: Even as he admitted the fourth phase of digital addressable system for cable television was the most difficult, advisor (DAS) in the information and broadcasting ministry Yogendra Pal has said there is “no going back on the deadline of 31 March 2017.”

Pal said that there were difficulties because several MSOs were reluctant to set up headends in far out rural areas, as the fourth and final phase only covers rural areas. He said the 60-plus cases pending in Delhi High Court relating to Phase III had been disposed of with the exception of three which challenged section 4A of the Cable Television Networks (Regulation) Act 1995, and all stay orders had been vacated.

However, Pal admitted that a new case had been filed in Telengana to the effect that while there was clear reference to switching to DAS in Section 4A, there was no reference to switching off analogue signals. He said this case had been filed by a party not involved with the cable TV business.

However, cable TV veteran Lt. Colonel V C Khare (retired) who chaired the session on ‘DAS implementation – miles to go before we sleep?” claimed that just around 22 per cent seeding of set-top boxes had been achieved in the third phase as against government claims of almost total seeding.

Siticable Networks CEO V D Wadhwa also agreed that there were ‘gaps’ in Phase III, and Siticable had yet to seed another 2,50,000 STBs. But, he welcomed DAS, though he felt monetisation was still a challenge.

Wadhwa said that while the objective of the consumer getting channels of his choice had been achieved, the industry was cable of overcoming soon the problems about SMS or receipts not being issued which had been raised by Khare in a presentation earlier in the day when he showed various loopholes in the DAS legislation.

Khare had also pointed out that DAS in effect was aimed at involving only the broadcaster and the multisystem operator, conveniently keeping out the LCO who had built the industry.

Other speakers in the session were unanimous that the cable TV industry had achieved in four years something that the direct to home industry had not been able to do in twelve years.

In a session on “Business Model and Regulations”, there was general unanimity that the industry needed regulation but it did not have to come from a government regulator. The speakers favoured industry-led regulation.

Eminent lawyer Kaushik Moitra of TMT Practice who moderated the session said that the Telecom Regulatory Authority of India (TRAI) had been given the additional burden of broadcasting only till a Broadcasting Regulatory Authority of India is set up but this had not happened. He said there was a certain need to move towards self-regulation. He also raised the question of whether TRAI was working to unite the LCOs.

However, he applauded the growth of the industry with the last five years showing the growth of the highest number of television channels.

Indiacast EVP Amit Arora said regulation was welcome, but it should not mean “jumping in at all times – this kills enterprise”. Even as no other country had achieved the kind of growth that local cable operators had shown in India, the regulator had to show greater responsibility towards the last mile operator. He also wondered why the MSOs and LCOs could not handle broadband while dealing with cable TV.

Prag News CMD Sanjive Narain said that the regulator was only mean t to “ease movement” and not strictly regulate. It should solve problems before waiting for them to arise. He said that though TRAI consulted stakeholders, everything was often’pre-decided’.

He said the primary problem before the industry was one of revenue sharing. Once that was out of the way, things would move smoothly.

VuClip consultant Sisir Pillai said a regulator is needed, particularly in view of newer technologies like OTT. Referring to the growth of OTT, he said that the aim was to deliver content in whatever manner the subscriber wanted and find revenue for this.

Answering a question later, he said that wired delivery was still the best medium even if video had to be sent to mobiles or other platforms.

InDigital senior VP – operations and head of regulatory Subhashish Mazumdar said there was no regulator when the LCO began with VCRs and built the industry. This meant that the last mile operator and multi-system should be capable of solving their own problems. The industry was now geared up for this, he said.

Agreeing that the primary problem was one of revenue sharing, Mazumdar said that the issue of unity among stakeholders to solve such problems had to come from the top.

Earlier, Dr A K Rastogi of Aavishkaar which was among the organizers said that the primary problem was one of unity among stakeholders and a step had been taken in this direction with the formation of the Media Club of India.

A session later on “Significance of wireline operation in Digital India” moderated by Castle Media ED Vinsley Fernandes was unanimous that there was no better technology than wireline.

The session was addressed by Cisco CTO Gulshan Khurana, Siti Networks COO Anil Malhotra, Ortel Communications President and CEO Bibhu Rath, Suresh Sethiya of ICNCL of Kolkata, and StoreSay founder and CEO Raman Kalra.

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Cable TV

Den Networks Q3 profit steady despite revenue pressure

Published

4 weeks ago

January 19, 2026

indiantelevision.com Team

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.

Cable TV

Plugging along as Hathway tunes in steady profits this quarter

Published

4 weeks ago

January 17, 2026

indiantelevision.com Team

MUMBAI: In a quarter where staying connected mattered more than moving fast, Hathway Cable and Datacom kept its signal steady. The cable and broadband major reported a net profit of Rs 21.7 crore for the December 2025 quarter, marking a clear improvement from Rs 13.6 crore a year earlier, even as pressures persisted in parts of its operating portfolio.

For the quarter ended December 31, 2025, revenue from operations stood largely flat at Rs 536.6 crore, compared with Rs 511.2 crore in the same period last year. Including other income of Rs 21.1 crore, total income rose to Rs 557.7 crore, reflecting incremental gains despite a competitive media and connectivity landscape.

Profitability improved on the back of disciplined cost control and higher contribution from associates. Profit before tax increased to Rs 28.2 crore, up from Rs 19.1 crore in Q3 FY25, aided by Rs 3.9 crore in share of profit from associates and joint ventures. After tax, earnings for the quarter climbed nearly 60 per cent year-on-year.

Over the nine months ended December 31, 2025, Hathway reported a net profit of Rs 71 crore, compared with Rs 57.7 crore in the corresponding period last year. Total income for the nine months came in at Rs 1,677.3 crore, up from Rs 1,599.8 crore, while profit before tax rose to Rs 94.7 crore from Rs 84.2 crore.

A closer look at the segments shows a familiar split story. The cable television business remained under pressure, reporting a segment loss of Rs 11.4 crore for the quarter, though this narrowed sharply from the Rs 16.6 crore loss seen a year ago. In contrast, the broadband business returned to the black, delivering a modest but positive contribution of Rs 4.2 crore, helped by associate income. Dealing in securities continued to be a bright spot, generating Rs 14.7 crore in quarterly profits.

Costs stayed broadly contained. Pay channel costs, the single largest expense, rose to Rs 287.4 crore, while depreciation and amortisation stood at Rs 74 crore. Finance costs remained negligible at Rs 0.2 crore, keeping leverage risks in check.

Hathway’s earnings per share for the quarter improved to Rs 0.12, up from Rs 0.08 a year ago. The company maintained a strong balance sheet, with total assets of Rs 5,302.4 crore and total liabilities of Rs 848.9 crore as of December 31, 2025.

While structural challenges persist in the traditional cable business, the numbers suggest Hathway is slowly recalibrating its mix trimming losses where needed, leaning on associate income, and keeping the broadband engine ticking. For now, the company may not be racing ahead, but it is clearly staying tuned in to profitability.

Cable TV

Signal drop Tejas Networks’ numbers stay patchy in a volatile quarter

Published

1 month ago

January 10, 2026

indiantelevision.com Team

MUMBAI: In telecom, even the strongest signals face interference and Tejas Networks Limited’s latest numbers show just how noisy the airwaves remain. The Tata Group-backed networking firm reported unaudited standalone revenue of Rs 305.72 crore for the quarter ended December 31, 2025, up sequentially from Rs 261.37 crore in the September quarter, but sharply lower compared with the Rs 2,642.05 crore clocked in the year-ago period. The topline recovery, however, was overshadowed by a pre-tax loss of Rs 303.20 crore, widening from a Rs 473.03 crore loss in the previous quarter, and reversing a Rs 211.06 crore profit reported in the December 2024 quarter.

After tax, the company posted a loss of Rs 196.89 crore for Q3 FY26, compared with a loss of Rs 307.17 crore in Q2 FY26 and a profit of Rs 165.42 crore a year earlier. For the nine months ended December 31, 2025, Tejas Networks reported revenue of Rs 769.02 crore and a loss after tax of Rs 697.97 crore, a sharp swing from a Rs 512.67 crore profit in the corresponding nine-month period last year. The numbers reflect a year marked by execution challenges rather than demand collapse.

Costs remained the dominant spoiler. Total expenses for the December quarter stood at Rs 616.50 crore, driven by elevated material costs, employee expenses and provisioning. The company also flagged several one-offs and adjustments: a Rs 9.85 crore provision linked to the implementation of new labour codes, ₹24.35 crore in warranty provisions, and reversals related to inventory obsolescence. Earlier quarters had already absorbed heavy charges tied to contract manufacturing losses, design changes and write-downs, the hangover from which continues to weigh on profitability.

Tejas reiterated that it operates as a single reportable segment focused on telecom and data networking products and services, offering little insulation from sector-wide volatility. While revenue momentum has stabilised sequentially, the contrast with the previous financial year remains stark. For context, the company closed FY25 with audited standalone revenue of Rs 8,915.73 crore and a profit after tax of Rs 450.66 crore, underscoring how sharply the operating environment has shifted in FY26.

The results were reviewed by the audit committee and approved by the board on January 9, 2026, but they leave investors with a familiar question: when does recovery turn structural rather than episodic? For now, Tejas Networks appears to be in reset mode, balancing execution clean-up with cost discipline. In a sector where margins can be as fragile as fibre strands, the next few quarters will matter as much as the signals the company sends to the market.