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
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
Conference Call with GTPL Hathway Management and Analysts on Q4FY24 Performance and Outlook. Listen to the full earnings transcript.
Broadcasting & Cable TV company GTPL Hathway announced Q4FY24 & FY24 results: Financial Performance Summary: Q4FY24: Digital Cable TV Revenue: Recorded Rs 3,148 million, marking a 14% increase from the Rs 2,753 million reported in Q4FY23. Broadband Revenue: Generated Rs 1,308 million, showing a 5% growth compared to the Rs 1,246 million in Q4FY23. Total Revenue: Amounted to Rs 8,148 million, up by 16% from Rs 7,017 million in Q4FY23. EBITDA: Stood at Rs 1,198 million, reflecting an 8% increase from Rs 1,112 million in Q4FY23. EBITDA Margin: Reported at 14.7%, down from 15.9% in Q4FY23. Operating EBITDA Margin: Remained stable at 23%. Profit After Tax: Amounted to Rs 128 million, compared to a loss of Rs 124 million in Q4FY23. FY24: Digital Cable TV Revenue: Achieved Rs 12,604 million, showing a 15% increase from the Rs 11,005 million reported in FY23. Broadband Revenue: Reached Rs 5,268 million, indicating a 9% growth compared to the Rs 4,826 million in FY23. Total Revenue: Summed up to Rs 32,460 million, up by 20% from Rs 27,140 million in FY23. EBITDA: Amounted to Rs 5,111 million, slightly lower than the Rs 5,163 million recorded in FY23. EBITDA Margin: Reported at 15.7% for FY24, down from 19.0% in FY23. Operating EBITDA Margin: Remained at 24%, a decrease from 26% in FY23. Profit After Tax: Recorded Rs 1,069 million for FY24, slightly lower than the Rs 1,145 million reported in FY23. Operational Performance Summary: Digital Cable TV: The number of active subscribers reached 9.50 million, with a YoY addition of 5,50,000 subscribers. Paying subscribers saw an increase of 6,00,000, reaching 8.80 million. Broadband: Active broadband subscribers grew to 1,020K, a YoY increase of 1,00,000. The homepass, accounting for potential broadband connections, stood at 5.80 million, expanding by 5,00,000 YoY. Moreover, there was a significant 10% annual increase in average data consumption per user, which hit 355GB per month. Average Revenue Per User (ARPU): The Broadband segment observed an ARPU of Rs 460 per month per subscriber for the year. Commenting on the results, Anirudhsinh Jadeja – Managing Director, GTPL Hathway said, “At the close of the financial year, we reflect on our achievements with a renewed sense of purpose. We have strengthened our position as India's leading MSO gaining half a million active subscribers in Digital Cable TV and crossing the landmark of one million active subscribers in Broadband. We anticipate sustained growth in the Digital Cable TV sector, encouraged by market shifts favoring larger, organized MSOs like ours. The Broadband segment is also poised for even greater expansion in the coming year, driven by the increasing digital needs of consumers who seek dependable wired connectivity. Our long-term strategy involves bundling of all existing verticals along with add-ons of TV Everywhere, Gaming and other services to provide a holistic, comprehensive solution to our customer’s media consumption needs. Our goal is to deeply embed ourselves in our customers' lives, positioning our brand as a service provider that seamlessly combines the best of entertainment and connectivity.” Result PDF
Conference Call with GTPL Hathway Management and Analysts on Q3FY24 Performance and Outlook. Listen to the full earnings transcript.
Broadcasting & Cable TV company GTPL Hathway announced consolidated Q3FY24 results: Financial Highlights: Total Revenue: Q3FY24 revenue stood at Rs 8,607 million, reflecting a growth of 9% QoQ and 22% YoY. Subscription Revenue: Increased by 1% QoQ and 17% YoY, reaching Rs 3,249 million. Broadband Revenue: Reported as Rs 1,352 million, a noticeable growth trend. EBITDA: For Q3FY24, EBITDA (including other income) was recorded at Rs 1,305 million. Profit After Tax (PAT): The company’s profit after tax for the quarter was Rs 238 million. EBITDA Margin: The EBITDA margin for the quarter stood at 15.2%. Operating EBITDA Percentage: The Operating EBITDA percentage was measured at 24%. Subscriber and Operational Performance: Digital Cable TV Subscribers: Active subscribers increased by 500K YoY totaling 9.40 million. Broadband Subscribers: Broadband active subscribers reached a milestone of 1.005 million (1005 K), with an increase of 12% YoY. Cable TV Revenue: Revenue from Cable TV operations reported an increase of 21% YoY and 4.2% QoQ. Broadband Homepass: As of December 31, 2023, the homepass stood at 5.60 million, with an addition of 450K YoY. Broadband ARPU: The Broadband average revenue per user (ARPU) remained steady at Rs 460 per month per subscriber. Data Consumption: The average data usage per broadband subscriber is 345 GB per month, showing a growth of 11% YoY. Commenting on the results, Anirudhsinh Jadeja, Managing Director, GTPL Hathway said, “Q3FY24 was memorable for us as a team as we hit the unique milestone of reaching 1 Million Active Subscribers in our Broadband Division. We foresee tremendous growth opportunities in this division overall as more homes get access to wired broadband. In the Digital Cable TV business, we continue to evaluate new opportunities while strengthening our presence in our existing markets. During the quarter we appointed Mr. Saurav Banerjee a Chartered Accountant by profession as our CFO who replaces Mr. Anil Bothra whom we thank for his services to the company.” Result PDF