GTPL Hathway cable TV subscribers unchanged at 7.8 million in Q2 2022

Friday, July 15th, 2022 
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GTPL Hathway delivers consistently in Q1 FY23, reports revenue of ₹ 6,454 million

  • Consolidated Revenue of ₹ 6,454 million – a growth of 10% Y-o-Y
  • Subscription Revenue of ₹ 2,727 million – a growth of 3% Y-o-Y
  • Broadband Revenue of ₹ 1,139 million, up by 24% Y-o-Y
  • PAT stood at ₹ 433 million
  • Broadband subscribers grew by 1,55,000 Y-o-Y and by 29,000 Q-o-Q
  • Total active broadband subscribers reach 8,45,000 and Homepasses reach 4.85 million

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

Particulars (₹ million.)  Q1 FY23  Q1 FY22  Y-o-Y    FY22
------------------------  -------  -------  -----  ------
CATV Revenue                2,727    2,641     3%  10,753
Broadband Revenue           1,139      918    24%   4,075
TOTAL Revenues              6,454    5,843    10%  24,154
EBITDA                      1,354    1,362          5,677
EBITDA Margin (%)           21.0%    23.3%          23.5%
Profit After Tax              433      475          2,006

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.”

Links: GTPL Hathway