GTPL Hathway reports strong Q1 FY25 financial results

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, 2024.

Key Financial Highlights:
Key Consolidated Business & Financial Highlights: Q1 FY25 (Y-o-Y)

• Q1FY25 revenue stood at ₹ 8,506 million- a growth of 4% Q-o-Q and 9% Y-o-Y; Subscription Revenue increased by 7% Y-o-Y.
• EBITDA for Q1 FY25 stood at ₹ 1,205 million. EBITDA Margin was 14.20%.
• Q1 FY25 Profit After Tax stood at ₹ 143 million an increase of 12% Q-o-Q.
• India Ratings affirmed GTPL Hathway and its debt facilities at ‘IND AA-‘/Stable.

Business Performance Highlights (Quarter end)
Digital Cable TV

• Active subscribers were 9.60Mn as of 30th June 2024 – it saw an increase by 100K Q-o-Q and 550K Y-o-Y
• Paying subscribers stood at 8.90Mn; increasing by 100K Q-o-Q and 600K Y-o-Y
• Subscription revenue increased by 7% Y-o-Y to Rs. 3,193 million

Broadband

• Increase in broadband subscribers by 10K Q-o-Q and 70K Y-o-Y thus standing at 1030K
• Homepass as on June 30, 2024, stood at 5.90Mn – an addition of 500K Y-o-Y. Of the 5.90Mn, 75%
• Available for FTTX conversion
• The Broadband average revenue per user (ARPU) stood at ₹ 460 per month per subscriber for the year.
• Average data consumption per user per month at 350GB, an increase of 13%Y-o-Y

Commenting on the Results, Mr. Anirudhsinh Jadeja –Managing Director, GTPL Hathway Limited said, “I am pleased to announce that the Company has reported a consistent performance for the quarter driven by focus on operational efficiency and rising subscribers’ traction in the Cable TV segment aided by sporting events such as IPL and Cricket World Cup. The recent round of price hikes announced by all major telcos make the prospect of private wireline broadband at home even more appealing thus making our offering in the broadband segment even more competitive.”

Our strategy for the ensuing year would be to continue building on the existing businesses and carrying the momentum in scaling up both the segments with a focus on efficient operations that ensure consistent and reliable delivery of services to all existing and new customers. PR Newswire