Company News
GTPL Hathway records its highest quarterly revenues from operation
GTPL Hathway Limited, India’s largest Digital Cable TV Service Provider and a leading Broadband Service provider, announced its Financial Results for the Quarter ending June 30, 2023.
Key Financial Highlights:
- Q1 FY24 Revenue stood at ₹ 7,806 million – a growth of 11% Q-o-Q and 21% Y-o-Y; Subscription Revenue increased by 8% Q-o-Q and 9% Y-o-Y
- Q1 FY24 Profit After Tax stood at ₹ 360 million
- CATV business active subscribers grew by 650K Y-o-Y; Active subscribers stood at 9.05 million as on 30-Jun-23
- Broadband business active subscribers grew by 115K Y-o-Y; Active subscribers stood at 960K & Homepass stood at 5.40 million as on 30-Jun-23
- ARPU for broadband business is at ₹ 460/- increased by ₹ 10/- Y-o-Y
- Acquired 34.34% of Metro Cast Networks India Private Limited to boost presence in key existing markets of Maharashtra and Karnataka
|
Particulars (₹ in million) |
Q1 FY24 |
Q1 FY23 |
Y-o-Y Growth |
Q4 FY23 |
Q-o-Q |
|
Digital Cable TV Revenue |
2,981 |
2,727 |
9 % |
2,753 |
8 % |
|
Broadband Revenue |
1,292 |
1,139 |
13 % |
1,246 |
4 % |
|
TOTAL Revenue |
7,806 |
6,454 |
21 % |
7,017 |
11 % |
|
EBITDA |
1,258 |
1,354 |
1,112 |
||
|
EBITDA Margin (%) |
16.1 % |
21.0 % |
15.9 % |
||
|
Profit After Tax |
360 |
443 |
-124 |
Business Performance Highlights
Digital Cable TV
- Active subscribers increased by 100K Q-o-Q and 650K Y-o-Y
- Subscription revenue increased by 8% Q-o-Q and 9% Y-o-Y
- Expanding aggressively in Andhra Pradesh, Telangana, Tamil Nadu, North-East, Delhi, Haryana and Uttarakhand
- Acquired stake in Metro Cast Networks India Private Limited to boost presence in key markets of Maharashtra and Karnataka
Broadband
- Increase in broadband subscribers of 115K, an increase of 14 % Y-o-Y
- As on June 30, 2023, homepass stood at 5.40 million – an addition of 550K Y-o-Y. Of the 5.40 million, 75% is available for FTTX conversion
- The Broadband average revenue per user (ARPU) stood at ₹ 460 per month per subscriber
- Average data consumption per user per month at 310 GB, an increase of 19% Y-o-Y
Commenting on the Results, Mr. Anirudhsinh Jadeja – Managing Director GTPL Hathway Limited said, “GTPL continues to be the largest MSO in the country and the largest Digital Cable TV & Broadband player in Gujarat. We are consistently adding active subscriber base in both business segments and our goal will be to ensure that the Company stays firmly on this path of growth while ensuring we serve our customers’ expectations well”. Business Wire
