Broadcasting & Cable TV company GTPL Hathway announced Q3FY23 results: Q3FY23: Launch of “GTPL Genie+”, an OTT Apps’ aggregation product, which offers subscriptions to a wide choice of OTT applications in convenient packs Increased footprint in 3 new states for Digital Cable TV – Delhi, Haryana, and Uttarakhand Q3 FY23 Revenue stood at Rs 7,050 million - a growth of 15% YoY; ISP Revenue increased by 18% YoY Q3 FY23 PAT stood at Rs 376 million Broadband business subscribers grew by 130K YoY As on December 31, 2022, total active broadband subscribers stand at 895K and Homepass stands at 5.15 million ARPU for broadband business is at Rs 455, an increase of Rs 10 on a YoY basis Commenting on the Results, Anirudhsinh Jadeja, Promoter & Managing Director, said, “I take pride in announcing yet another quarter of consistent growth in revenue and subscriber numbers. We continue to be the largest MSO in India and are strengthening our pan-India presence. Our Broadband business also continues to grow as expected, and we are committed to delivering the desired results by the end of the current financial year. We have recently modified our brand identity to encompass “Entertain” and “Connect” in order to communicate the wide range of products and services offered by us, including entertainment in the form of Digital Cable TV and OTT and connectivity in the form of High-Speed Broadband, as well as new products and services to be launched soon. To strengthen our customer offerings, we have launched “GTPL Genie+”, which offers subscriptions of OTT applications in convenient packs and tenures. GTPL Genie+ is a B2C product that can be bought by our Cable TV or Broadband customers directly. Our strategies are aimed at satisfying customer needs with innovative products and consistent services. We constantly evaluate emerging opportunities in the country and aim to play a pivotal role in India’s journey towards complete digitalization.” Result PDF
Broadcasting company GTPL Hathway announced Q2FY23 results: Consolidated Revenue at Rs 6,620 Million - a growth of 10% YoY ISP Revenue at Rs 1,198 increased by 19% YoY PAT of Rs 459 Million, an increase of Rs 26 Million YoY Digital Cable TV subscribers grew by 550K YoY Broadband subscribers grew by 135K YoY As on September 30, 2022, Total active broadband subscribers stand at 870K with a total homepass of 5 Million Net Debt free company Commenting on the Results, Mr. Anirudhsinh Jadeja, Managing Director, GTPL Hathway said, “We are proud to have delivered on our key KPIs during H1 FY23 by focusing on our key growth objectives. We remain the largest MSO in India riding on our quality services and consumer centric products and services. We expect to grow our Digital Cable TV business by aggregating smaller MSOs and additionally, expanding the broadband penetration to Digital Cable TV base. The Broadband segment presents a great opportunity for growth due to consistent increase in demand for wired broadband and increasing data consumption patterns. We aim to capitalize on the immense opportunity for growth and to contribute to the digital growth story of India across rural and urban areas.” Result PDF
Broadcasting & Cable TV company GTPL Hathway Announced Q1FY23 Result : GTPL Hathway delivers consistently in Q1 FY23, reports revenue of Rs 6,454 million Consolidated Revenue of Rs 6,454 million - a growth of 10% YoY Subscription Revenue of Rs 2,727 million - a growth of 3% YoY Broadband Revenue of Rs 1,139 million, up by 24% YoY PAT stood at Rs 433 million Broadband subscribers grew by 1,55,000 YoY and by 29,000 QoQ Total active broadband subscribers reach 8,45,000 and Homepasses reach 4.85 million Commenting on the Results, Mr Anirudhsinh Jadeja, Managing Director, GTPL Hathway Limited, said, “We have been consistent in achieving our goals across all business segments. We are the largest MSO in India and continue our strategy of expansion in new geographies and deeper penetration in our existing markets. The key highlights of Q1 FY23 are stable digital cable TV subscription revenues and growth in subscribers as well as revenues in the Broadband business. GTPL has again been listed amongst “India’s Top 500 Companies 2022”, second year in a row, as released by Dun & Bradstreet. We have entered FY23 with a positive outlook for our businesses and confidence in our ability to continue its successful evolution.” Result PDF
GTPL Hathway delivers strong growth in FY22. Broadcasting & Cable TV firm GTPL Hathway announced Q3FY22 results: FY22 Revenue growth (Ex. EPC) of 12% YoY at Rs 24,154 million FY22 Broadband Revenue growth of 46% YoY at Rs 4,075 million FY22 EBITDA growth (Ex. EPC) of 4% YoY at Rs 5,677 million, EBITDA margin at 24% FY22 PAT grew 6% YoY at Rs 2,006 million Added 181K Net Broadband Subscribers in FY22 Cable TV Active Subscriber base grew by 400K in FY22 Launched GTPL Genie: An Android TV based, Hybrid Set Top Box with attractive subscription bundles Commenting on the results, Mr Anirudhsinh Jadeja, Managing Director, GTPL Hathway Ltd. said, “We are proud to announce another year of consistent performance across all business segments. GTPL is the now the largest MSO in the country, continues to be the largest MSO and Broadband player in Gujarat and has significant presence in all other markets. We continued to deliver on our KPIs and grew by expanding in new geographies as well as penetrating deeper in existing markets. The key highlights of FY22 are stable subscription revenues, profitability and return ratios with a healthy balance sheet. The Company’s Board has recommended a dividend of Rs 4 per share for FY22. The launch of GTPL Genie is a path breaking initiative bringing subscription of bundled Live TV and OTT applications at competitive prices to our consumers. We are committed to delivering value to all our stakeholders with adept and prudent financial practices.” Result PDF
Conference Call with GTPL Hathway Management and Analysts on Q3FY22 Performance and Outlook. Listen to the full earnings transcript.