GTPL Hathway’s Consolidated Q3 FY2019 Revenue At Rs. 3199 Million

GTPL Hathway Limited (GTPL), India’s leading Digital Cable TV and Broadband Service provider, announced the financial results for the third quarter and nine ended on December 31, 2018, as approved by its Board of Directors.

Commenting on the performance, Anirudhasinhji Jadeja, Managing Director, GTPL Hathway said, “In an environment of uncertainty, GTPL Hathway has continued to post steady performance. Our first 9-month revenue and PAT are up by 14% and 10% respectively; reflecting the inherent strength of the company’s offerings and quality customer service. The new tariff order has put customers at the center of the business; providing them the freedom to make their own choices. As India’s one of the leading MSOs, we expect higher monetization across the phases and better transparency as a direct fall out of the new order.”

Q3 FY 2019 Consolidated Financial Performance Highlights (as per IND AS)

– Revenue at Rs. 3,199 million up by 13% y-o-y
– CATV subscription revenue at Rs. 1,798 million, up 20% y-o-y
– EBITDA at Rs. 833 million; down 1% y-o-y; EBITDA margin as percentage to revenue at 26%
– Profit after tax came in at Rs. 197 million, up 2% y-o-y and up 17% q-o-q

9M FY 2019 Consolidated Financial Performance Highlights (as per IND AS)

– Revenue at Rs. 9,404 million up 14% y-o-y.
– CATV subscription revenue at Rs. 5,249 million, up 23%
– EBITDA at Rs. 2,579 million; up 9% y-o-y; EBITDA margin as percentage to revenue at 27.4%
– Profit after tax came in at Rs. 490 million, up 10% y-o-y

Q3 FY19 Standalone Financial Performance Highlights (as per IND AS)

– Revenue at Rs. 2,080 million up by 6% y-o-y.
– CATV subscription revenue at Rs. 1,171 million up 10% y-o-y.
– EBITDA came in at Rs. 537 million
– Profit after tax came in at Rs. 135 million

9M FY19 Standalone Financial Performance Highlights (as per IND AS)

– Revenue at Rs. 6,123 million up by 10% y-o-y.
– CATV subscription revenue at Rs. 3,439 million up 16% y-o-y.
– EBITDA came in at Rs. 1,682
– Profit after tax at Rs. 331 million

Shares of GTPL Hathway Ltd was last trading in BSE at Rs.81.75 as compared to the previous close of Rs. 81.9. The total number of shares traded during the day was 518 in over 8 trades.―Equity Bulls