GTPL Hathway reports consistent growth of 15% Y-o-Y in Revenue
- Launch of ‘GTPL Genie ’, an OTT Apps team product, which offers subscriptions to a wide nomination of OTT applications in user-friendly packs
- Increased footprint in 3 new states for Digital Cable TV – Delhi, Haryana, and Uttarakhand
- Q3 FY23 Revenue stood at ₹ 7,050 million – a growth of 15% Y-o-Y; ISP Revenue increased by 18% Y-o-Y
- Q3 FY23 PAT stood at ₹ 376 million
- Broadband merchantry subscribers grew by 130K Y-o-Y
- As on December 31, 2022, Total zippy broadband subscribers stand at 895K and Homepass stands at 5.15 million
- ARPU for broadband merchantry is at ₹ 455/- increase of ₹ 10 on a Y-o-Y basis
AHMEDABAD, India, Jan. 13, 2023 /PRNewswire/ — GTPL Hathway Limited, India’s largest Digital Cable TV Service Provider and a leading Broadband Service provider, spoken its Financial Results for the Quarter & 9 months ended December 31, 2022.
Key Consolidated Merchantry & Financial Highlights: Q3 FY23
Particulars (₹ in million) | Q3 FY23 | Q3 FY22 | Y-o-Y | Q2 FY23 | Q-o-Q | FY22 |
Digital Cable TV Revenue | 2,775 | 2,702 | 3 % | 2,751 | 1 % | 10,753 |
Broadband Revenue | 1,243 | 1,054 | 18 % | 1,198 | 4 % | 4,075 |
TOTAL Revenue | 7,050 | 6,110 | 15 % | 6,620 | 6 % | 24,154 |
EBITDA | 1,314 | 1,472 | 1,383 | 5,677 | ||
EBITDA Margin (%) | 18.6 % | 24.1 % | 20.9 % | 23.5 % | ||
Profit Without Tax | 376 | 546 | 459 | 2,006 | ||
All figures are Ex- EPC | ||||||
Business Performance Highlights
- Launched ‘GTPL Genie ’, a B2C OTT Apps team product, offering subscription of OTT applications in user-friendly pocket-friendly packs
- Available to all existing customers of GTPL (Digital Cable TV and Broadband)
- Packs misogynist in 1 month, 3 months, 6 months, and yearly subscriptions
- Unique 100% guaranteed cashback offer for all customers
Digital Cable TV
- Paying subscribers increased by 800K Y-o-Y
- Subscription revenue increased by 3% Y-o-Y
- Expanded footprint in Delhi, Haryana, and Uttarakhand
Broadband
- Increase in broadband subscribers of 130K, an increase of 17% Y-o-Y
- Homepass as on December 31, 2022 stood at 5.15 million – an wing of 450k in 9M FY23. Of the 5.15 million, 75% misogynist for FTTX conversion
- The Broadband stereotype revenue per user (ARPU) stood at ₹ 455 per month per subscriber
- Average data consumption per user per month at 310 GB, 28% increase Y-o-Y
Commenting on the Results, Mr. Anirudhsinh Jadeja, Managing Director, GTPL Hathway Limited said, “I take pride in announcing yet flipside quarter of resulting growth in revenue and subscriber numbers. We protract to be the largest MSO in India and are strengthening our pan-India presence. Our Broadband merchantry moreover continues to grow as expected, and we are single-minded to unhook the desired results by the end of the current financial year.
We have recently modified our trademark 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 consumer offerings, we have launched ‘GTPL Genie ’, which offers subscription to OTT applications in user-friendly packs and tenures. GTPL Genie is a B2C product that can be bought by our Digital Cable TV or Broadband customers directly.
Our strategies are aimed at satisfying consumer needs with innovative products and resulting services. We constantly evaluate emerging opportunities in the country and aim to play a pivotal role in India’s journey towards well-constructed digitalization.”
About GTPL Hathway Limited
GTPL Hathway Limited is India’s largest MSO providing Digital Cable TV services and is the 6th largest Private Wireline Broadband service provider in India. The Company is the largest Digital Cable TV and Wireline Broadband Service Provider in Gujarat & is a leading Digital Cable TV Service provider in West Bengal. The Company’s Digital Cable TV services reach 1,400 plus towns wideness India in 22 states including Gujarat, West Bengal, Maharashtra, Goa, Bihar, Uttar Pradesh, Madhya Pradesh, Jharkhand, Rajasthan, Odisha, Assam, Tripura, Meghalaya, Manipur, Nagaland, Telangana, Andhra Pradesh, Tamil Nadu, Karnataka, Delhi, Haryana and Uttarakhand. As on December 31, 2022, the Company has approximately 8.90 Million Zippy Digital Cable TV Subscribers and 8,95,000 Broadband Subscribers and a Broadband homepass of well-nigh 5.15 million.
Safe Harbor Statement
Any forward looking statements well-nigh expected future events, financial and operating results of the Company are based on unrepealable assumptions which the Company does not guarantee the fulfilment of These statements are subject to risks and uncertainties Actual results might differ substantially or materially from those expressed or unsaid Important developments that could stupefy the Company’s operations include a downtrend in the industry, global or domestic or both, significant changes in political and economic environment in India or key markets abroad, tax laws, litigation, labour relations, mart rate fluctuations, technological changes, investment and merchantry income, mazuma spritz projections, interest, and other financing The Company does not undertake any obligation to update forward looking statements to reflect events or circumstances without the stage thereof.
Logo: https://mma.prnewswire.com/media/1982843/GTPL_Logo.jpg
View original content to download multimedia:https://www.prnewswire.com/in/news-releases/gtpl-hathway-reports-consistent-growth-of-15-y-o-y-in-revenue-301721077.html
The content is by PR NewsWire. DKODING Media is not responsible for the content provided or any links related to this content. DKODING Media is not responsible for the correctness, topicality or the quality of the content.
The post GTPL Hathway reports resulting growth of 15% Y-o-Y in Revenue appeared first on DKODING.
