Multi system operator (MSO) GTPL Hathway has increased its stake in two subsidiary companies GTPL SuratTelelink and GTPL Ahmedabad Cable Network.The company has acquired remaining 49 percent stake in GTPL SuratTelelink thereby making it a wholly owned subsidiary.In GTPL Ahmedabad Cable Network, the company has acquired 23.50 percent stake over and above the 51 percent stake that it held earlier. The stake acquisitions were approved by the board of directors of the company at a meeting on 28 December.
As of 31 March, GTPL had 47 subsidiary and associate companies. GTPL’s standalone net profit for the quarter ended 30 September had fallen 20 percent to Rs 11.9 crore from Rs 14.8 crore in the trailing quarter. EBITDA had increased by 3 percent to Rs 58.5 crore from Rs 57 crore. EBITDA margin had fallen to 31.9 percent from 32 percent.
Revenue had increased 3 percent to Rs 183.5 crore from Rs 178.2 crore. Total expenditure increased 3 percent to Rs 125 crore from Rs 121.1 crore. Subscription increased 11 percent to Rs 100.1 crore while placement revenue was 2 percent higher at Rs 58.8 crore. Activation revenue fell 1 percent to Rs 17.5 crore. Pay channel cost rose 1 percent to Rs 80.9 crore.The MSO 7.06 million active set top boxes (STBs) in Q2 compared to 6.69 million in the trailing quarter. The digital paying subscribers of the company had jumped to 6.64 million from 5.7 million. – Indian DTH