Cable TV
VBS 2021: Customer remains king for cable & broadband industry
Enhancing customer service is key to the success and growth of the industry
NEW DELHI: In the aftermath of Covid2019, businesses and organisations across the world tried to make sense of what hit them as they weighed their futures against the new lessons that the pandemic taught them, unlearning some of the established tenets in the process. Industry experts largely agree that the television broadcasting, video-on-demand (VoD) and broadband ecosystem had it relatively better off with their customers homebound and skyrocketing demands for connectivity and content. However, swift technological evolution and even swifter changes in consumer behaviour and demands posed challenges on this front too.
And these challenges are what the seventeenth edition of the Video and Broadband Summit attempted to shine a light on. The insightful discussions during the summit rounded off with a session focusing on ‘Customer First’ moderated by PwC India Partner Raman Kalra. The panelists included some eminent names from the industry, such as JioFiber president Anuj Jain, Siti Networks DGM Strategy Anurag Nigam, UCN Cable Network head – operations Debashish Mohanty, GTPL Hathway vice president Yatin Gupta and Shemaroo entertainment COO – broadcasting business Sandeep Gupta.
Kalra opened the session by commenting about how customers today are spoilt for choice when it comes to choosing content to consume, with mushrooming VoD and OTT platforms and ever increasing channels of entertainment. He noted that despite the demands for content and internet broadband having hit the roof during the pandemic, the challenge of remaining relevant is a concern for both the service and content provider in the highly competitive market today. Kalra posed the question on what strategies can be adopted by the industry players so as to ensure they continue to acquire and retain their customer base, keeping in mind the constantly changing customer demands and behaviour.
Jain agreed that “customer first is the fundamental pillar” for their business. He stated three crucial points for the same—
· How to enable the “right plan” for the customer to get associated with the brand
· How do you deliver customer onboarding, meeting the promises that you made in the plan
· Third is “in life” wherein after the customer gets activated, your service has to perform and if not, you must be aware and able to pinpoint where, when and what went wrong through data analytics. To further make his point Jain shared what is referred to as the ‘death of call center’ set-up wherein the business must know about the disruption in service, before the customer breaks it to them.
Gupta shared insights on the major consumer demand shift in the last twelve-odd months of Covid. “It reflected a huge spike in terms of subscriber base for cable TV which flattened out later. But the broadband business has continued to grow because people are still working from home, kids are still studying from home.”
In order to deal with the impact of consumers’ pressing demands, altered business strategies had to be deployed, shared Mohanty. “In the present scenario customers have multiple demands- linear TV, OTT Content, online classes, work-from-home- everything he needs from a single desktop or device, sometimes. Basically FTH- Fibre-To-Home is the best solution for connectivity at least for the next few years.”
He went on to say, “UCN is doing a QOS (quality of service) survey – on what the customer feels about UCN connectivity quality and bandwidth. As of now we are providing 100 Mbps which we have increased to 300 Mbps with unlimited plans,” and added that with increasing consumer demands, if a business today fails to provide a particular service, then someone else will.
Nigam interjected how nobody could have imagined a year back that the entire India would work from home one day. “All this has forced an average household to stick to the basics, that is focus on the necessities and be frugal for as long as they can,” he said. If this continues for too long, it will impact the industry on multiple levels, whether it’s the broadcaster or a distribution partner.
Citing an instance from MSO consumer behaviour post lockdown, he shared how consumers had become selective while opting for TV packages. “Consumers have downgraded from high value content package to low value package or they have opted for standard definition (SD) DPO pack and topped it with ala carte HD channels, instead of taking an HD package. Why? Because the pricing of SD was lower than HD, this despite having an HDTV at their disposal.” Even multiple TV households were decreasing and hybrid TVs were getting replaced with OTTs during the lockdown.
Debashish took the discussion further by adding that lack of “exclusivity” in HD channel content is a major factor, since the customer is getting similar content on SD at a lower price. “So channel packaging needs to be done as per customer requirement,” he remarked. Entry barrier is also due to the higher pricing, as compared to SD. Only if HD content differs and is exclusive can we see real change, was broadly agreed by all.
Competitiveness has also gotten fiercer, which can adversely impact the revenue of the whole industry in the long run. “Hence it is time that all industry players come up with product differentiation- exploring new customer segments, converting customer service departments into ‘customer experience enhancement’ departments which can only be achieved if all the stakeholders work together towards a common goal- that’s ensuring customer success,” stated Nigam.
From a content perspective, Shemaroo’s Sandeep Gupta said, “At Shemaroo, content is evaluated based on customer taste. So content has to keep evolving for, at the end of the day, consumers come to us looking for entertainment. For broadcasting, we look into the research and BARC data.”
The discussion then steered to customer acquisition and on what are the leading practices being taken by the industry to ensure it. Jio’s Anuj Jain began by admitting they focused more on delivering on customer expectations and less on marketing. He added that fibre being a cherry picking market and more localised, it’s a different challenge altogether.
When it comes to the cable industry, it is mostly a “one or two sizes fits all” kind of business, admitted GTPL Hathway’s Gupta, with not much being looked into individual customer preferences as long as they get their pack of choice. This situation is slowly changing, the company has begun ‘know your customer’ processes to understand who is the customer first and inform them about the innovative products or services on offer. “We were one of the very few platforms that started a campaign targeted at all DTH players called ‘Chhatri hatao, GTPL lagao’ to remove the Dish and replace with GTPL Hathway subscription, which got a fair amount of response from consumers,” he added.
Knowing your consumer is a part of the process to enhance consumer experience, which also involves proactively handling tech / troubleshooting issues. “With our one million subscriber base, the total data that is collected from every customer per week is one Petabyte of data- which captures every aspect of the customer experience data- any sync issues, freezing, buffering issues etc. This is how we make customers the focus and part of the process,” explained Jain.
Factors like user outreach and bettering their experience goes on to ensure customer stickiness. Brands need to be consistent, facilitate continuity, safeguard connectivity of service and target smooth onboarding experience to achieve this goal, suggested the panelists.
The session concluded by highlighting that there’s a need for businesses to invest deeply in knowing and engaging with their customers. Analysing customers’ content consumption data can also lead to rich dividends and RoI. “Deep data insights and data intelligence can lead to immense possibilities for businesses,” Kalra summed up. In conclusion, enhancing customer service and experience is a key component to the success and growth of every stakeholder in the industry.
Cable TV
Den Networks Q3 profit steady despite revenue pressure
PAT rises 15 per cent QoQ as revenue dips 4 per cent YoY amid cost pressures.
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
Cable major posts Rs 22 crore Q3 profit as TV business offsets broadband drag.
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
Revenue ticks up, losses widen as costs, provisions and resets weigh on FY26.
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.
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