Broadcasting & Cable TV company GTPL Hathway announced Q3FY25 results Financial Highlights: Q3FY25 Total revenue stood at Rs 8,957 million, a growth of 4% YoY. EBITDA for Q3FY25 stood at Rs 1,138 million with an EBITDA Margin of 12.7 % and an operating EBITDA margin of 21.8%. Q3FY25 Profit After Tax stood at Rs 102 million. Operational Highlights: Digital Cable TV: Active subscribers were 9.60 million as of December 31, 2024, with an increase by 200K YoY. Paying subscribers stood at 8.90 million, increasing by 200K YoY. Total subscription revenue from Cable TV stood at 3024 million. Broadband: Increase in broadband subscribers by 37 K YoY thus standing at 1,042 K. Homepass as on December 31, 2024, stood at 5.95 million – an addition of 350 K YoY. Of the 5.95 million, 75% available for FTTX conversion. Broadband average revenue per user (ARPU) stood at Rs 465 per month per subscriber for the quarter, increased by Rs 5 YoY. Average data consumption per user per month was 365 GB, an increase of 6% YoY. Anirudhsinh Jadeja, Managing Director, GTPL Hathway, said: "GTPL continues to consistently grow subscriber base across both business divisions, reflecting our commitment to provide best in class and innovative products and services to our customers. Our focus on providing a holistic experience for our subscribers has enabled us to maintain our position as the largest MSO in the country. We are confident of our growth in upcoming quarters in both the business segments based on favorable industry dynamics towards continued consolidation.” Result PDF
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
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