Conference Call with GTPL Hathway Management and Analysts on Q2FY25 Performance and Outlook. Listen to the full earnings transcript.
Broadcasting & Cable TV company GTPL Hathway announced Q2FY25 results Financial Highlights: Q2FY25 Total revenue stood at Rs 8,620million, a growth of 9% YoY. EBITDA for Q2FY25 stood at Rs 1,138 million with an EBITDA Margin of 13.2% and an operating EBITDA margin of 22%. Q2FY25 Profit After Tax stood at Rs 129 million. Operational Highlights: Digital Cable TV: Active subscribers were 9.50 million as of September 30, 2024 with an increase by 100K YoY. Paying subscribers stood at 8.80 million; increasing by 100K YoY. Launched revamped website (www.gtpl.net) with a clutter-free, minimalistic and user friendly UI. Launched “GTPL Buzz”, GTPL’s customer application, featuring a new and easy to navigate design and a host of new features including TV Everywhere, Cloud Gaming, etc. The new customer direct touchpoints have been designed for a consistent user experience and to deliver seamless interaction across platforms and devices. Broadband: Increase in broadband subscribers by 50K YoY thus standing at 1040K. Homepass as on September 30, 2024, stood at 5.95 million – an addition of 400K YoY. Of the 5.95 million, 75% available for FTTX conversion. Broadband average revenue per user (ARPU) stood at Rs 460 per month per subscriber for the quarter. Average data consumption per user per month was 350 GB, an increase of 13% YoY. Commenting on the results, Anirudhsinh Jadeja – Managing Director, GTPL Hathway said,: “GTPL maintains its stronghold as the largest MSO of India with a commitment to meet all entertainment and connectivity needs of our valued customers, driven by a strong focus on innovation and enhancing the customer experience. In line with this vision, GTPL launched the customer app 'GTPL Buzz' and its revamped website (www.gtpl.net) during the quarter. These customer touchpoints have been designed for a consistent user experience and to deliver seamless interaction across platforms and devices. The launches are significant with a suite of services including ‘TV Everywhere’, ‘Blacknut Cloud Gaming’ and ‘Distro TV’, being made available to our customers while integrating GTPL’s AI enabled chatbot ‘GIVA’ for sales as well as support. Broadband business is witnessing healthy subscriber growth, propelled by both direct customer additions and with strategic use of our extensive partner network to expand. In the cable business, our efforts are focused on growing our subscriber base through a mix of organic growth and industry consolidation via acquisitions of existing operators and MSOs. This dual strategy strengthens our market position and builds on our success. We look forward to continue delivering value to our subscribers and stakeholders.” Result PDF