GTPL Hathway delivers consistently in Q1 FY23, reports revenue of ₹ 6,454 million

GTPL Hathway Limited, India’s largest MSO and leading Broadband Service provider, announced its Financial Results for the Quarter ended on 30th June, 2022.

Business Performance Highlights

CATV

• GTPL continues to widen its footprint in its existing markets and penetrate new markets through both organic and inorganic route
• Consolidated Subscription revenue increased by 3% Y-o-Y
• Standalone Subscription revenue at ₹ 1,903 million, up by 4% Y-o-Y
• Paying subscribers stood at 7.80 million; increased by 500k Y-o-Y

Broadband

• Total active subscribers stood at 845k; addition of 155k in Y-o-Y
• Homepasses stood at 4.85 million; addition of 750k Y-o-Y
• Average revenue per user (ARPU) for Q1 FY23 stood at ₹ 450
• Average data consumption per user per month increased by 17% Y-o-Y to 260 GB

Commenting on the Results, Mr. Anirudhsinh Jadeja, Managing Director, GTPL Hathway Limited, said, “We have been consistent in achieving our goals across all business segments. We are the largest MSO in India and continue our strategy of expansion in new geographies and deeper penetration in our existing markets. The key highlights of Q1 FY23 are stable digital cable TV subscription revenues and growth in subscribers as well as revenues in the Broadband business. GTPL has again been listed amongst “India’s Top 500 Companies 2022′, second year in a row, as released by Dun & Bradstreet. We have entered FY23 with a positive outlook for our businesses and confidence in our ability to continue its successful evolution.” PR Newswire