Conference Call with GTPL Hathway Management and Analysts on Q1FY25 Performance and Outlook. Listen to the full earnings transcript.
Broadcasting & Cable TV company GTPL Hathway announced Q1FY25 results: Financial Highlights: Q1FY25 revenue stood at Rs 8,506 million - a growth of 4% QoQ and 9% YoY; Subscription Revenue increased by 7% YoY. EBITDA for Q1 FY25 stood at Rs 1,205 million. EBITDA Margin was 14.20%. Q1FY25 Profit After Tax stood at Rs 143 million an increase of 12% QoQ. India Ratings affirmed GTPL Hathway and its debt facilities at ‘IND AA-’/Stable Business Highlights: Digital Cable TV: Active subscribers were 9.60 million as of 30th June 2024 – it saw an increase by 100K QoQ and 550K YoY Paying subscribers stood at 8.90 million; increasing by 100K QoQ and 600K YoY Subscription revenue increased by 7% YoY to Rs 3,193 million Broadband: Increase in broadband subscribers by 10K QoQ and 70K YoY thus standing at 1030K Homepass as on June 30, 2024, stood at 5.90 million – an addition of 500K YoY. Of the 5.90 million, 75% available for FTTX conversion The Broadband average revenue per user (ARPU) stood at Rs 460 per month per subscriber for the year Average data consumption per user per month at 350GB, an increase of 13% YoY Commenting on the Results, 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. Result PDF