Conference Call with GTPL Hathway Management and Analysts on Q2FY24 Performance and Outlook. Listen to the full earnings transcript.
Broadcasting & Cable TV company GTPL Hathway announced Q2FY24 results: 1. Financial Performance: - GTPL Hathway recorded its highest quarterly revenues from operations in Q2FY24, reaching Rs 7,900 million, marking a 1% QoQ growth and a significant 19% YoY growth. - Digital Cable TV revenue stood at Rs 3,226 million, showing a 2% QoQ growth and a robust 17% YoY growth. - Broadband revenue grew to Rs 1,317 million, reflecting a 10% QoQ growth and an impressive 20.9% YoY growth. - Subscription revenue increased by 8% QoQ and 17% YoY, indicating a strong customer base. 2. Broadband Business: - GTPL Hathway experienced an increase of 120,000 broadband subscribers YoY, with a total of 9,90,000 active subscribers as of September 30, 2023. - Homepass, the potential subscriber base for broadband, reached 5.55 million, allowing for further growth and expansion opportunities. - The average revenue per user (ARPU) for the broadband business remained stable at Rs 460 per month per subscriber, indicating a consistent performance. - The average data consumption per user per month increased by 25% YoY, reaching 310 GB, highlighting the growing demand for high-speed internet services. 3. Digital Cable TV: - The active subscriber base for digital cable TV increased by 3,50,000 QoQ and 8,00,000 YoY, demonstrating strong customer acquisition and retention. - GTPL Hathway expanded its footprint in various states, including Andhra Pradesh, Telangana, Tamil Nadu, North-East, Delhi, Haryana, and Uttarakhand, to enhance its service reach. - Digital cable TV subscription revenue grew by 2% QoQ and a substantial 16% YoY, indicating a continued revenue growth trajectory. - The company onboarded Kartik Aaryan and Rashmika Mandanna as brand ambassadors, bringing renewed energy to the brand. Anirudhsinh Jadeja, Managing Director, said, "GTPL strengthened its leadership position and continued to be the largest MSO and a leading wireline broadband service provider in the country during the quarter. The company is continuously expanding and working towards further strengthening its market leadership across its areas of operation. During the quarter, the company onboarded Kartik Aaryan and Rashmika Mandanna as its new brand ambassadors who bring fresh energy to the brand." Result PDF
Broadcasting & Cable TV company GTPL Hathway announced Q1FY24 results: Q1FY24 Revenue stood at Rs 7,806 million - a growth of 11% QoQ and 21% YoY; Subscription Revenue increased by 8% QoQ and 9% YoY Q1FY24 Profit After Tax stood at Rs 360 million CATV business active subscribers grew by 650K YoY; Active subscribers stood at 9.05 million as on 30-Jun-23 Broadband business active subscribers grew by 115K YoY; Active subscribers stood at 960K & Homepass stood at 5.40 million as on 30-Jun-23 ARPU for broadband business is at Rs 460/- increased by Rs 10/- YoY Acquired 34.34% of Metro Cast Network India Private Limited to boost presence in key existing markets of Maharashtra and Karnataka Commenting on the Results, Anirudhsinh Jadeja – Managing Director GTPL Hathway said, “GTPL continues to be the largest MSO in the country and the largest Digital Cable TV & Broadband player in Gujarat. We are consistently adding active subscriber base in both business segments and our goal will be to ensure that the Company stays firmly on this path of growth while ensuring we serve our customers’ expectations well”. Result PDF
Conference Call with GTPL Hathway Management and Analysts on Q4FY23 Performance and Outlook. Listen to the full earnings transcript.
Broadcasting & Cable TV company GTPL Hathway announced FY23 results: Digital Cable TV subscribers grew by 550K YoY to reach 8.95 million; Increased footprint in 3 new states – Delhi, Haryana and Uttarakhand Total active subscribers for broadband stood at 920K, a growth of 104K YoY; Homepass stood at 5.30 million Revenue stood at Rs 27,140 million - a growth of 12% annually; Broadband Revenue increased by 18% annually PAT stood at Rs 1,145 million Broadband ARPU at Rs 460/- increased by Rs 10 annually The Board has recommended a dividend of 40% Launched “GTPL Genie+”, an OTT Apps aggregation product, which offers subscriptions to a wide choice of OTT applications in convenient packs. Commenting on the results, Anirudhsinh Jadeja, Managing Director GTPL Hathway Limited said, “I am glad to report yet another year of consistent growth in our broadband and Digital Cable TV business. GTPL continues to be the largest MSO in the country, as well as in Gujarat and the largest Broadband player in Gujarat. The Company has further strengthened its presence across all other markets, especially in the southern states. We continue to expand our presence in the Digital Cable TV market and have entered the states of New Delhi, Haryana & Uttarakhand. The initial response has been encouraging and we will endeavor to cement our position in these markets. Our Broadband business continues to show healthy growth, both in terms of subscribers and ARPU. Our focus and commitment to expand the Broadband business is expected to achieve the desired results in the coming years. The Company’s Board has recommended a dividend of Rs 4 per share for FY23. We continue to remain focused on the ever-evolving customer demands and to provide them with unique products and services.” Result PDF
Conference Call with GTPL Hathway Management and Analysts on Q3FY23 Performance and Outlook. Listen to the full earnings transcript.