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GTPL Hathway’s Q1FY19 Revenue Up 16 percent YoY

GTPL Hathway Limited (GTPL) has announced the financial results for the first quarter ended on June 30, 2018 as approved by its Board of Directors. Commenting on performance, Anirudhasinhji Jadeja, Managing Director, GTPL Hathway said, “During the quarter we added 110,000 digital paying subscribers and reported 30 percent increase in subscription revenue with almost 4 percent increase in phase IV ARPU. We added 230,000 home passes and added 10,000 new broadband subscribers. Our operating margins during the quarter remained healthy at 27.7 percent. GTPL is uniquely placed to offer a combination of HD cable TV and high-speed broadband as a single package at an attractive price point to convert current customers and sign up new ones. We enjoy a vast cable subscriber base and will continue to mine them for technologically superior broadband service.” Q1 FY 2019 Consolidated Financial Performance Highlights (as per IND AS)

  • Revenue at INR 3035 million up by 16 percent y-o-y
  • EBITDA at INR 841 million; up 19 percent y-o-y; EBITDA margin as percentage to revenue at 27.7 percent; an improvement of 80 basis points
  • Profit after tax came in at INR 133 million Q1 FY19 Standalone Financial Performance Highlights (as per IND AS)
  • Revenue at INR 1991 million up by 12 percent y-o-y.
  •  CATV subscription revenue at INR 1128 million up 25 percent y-o-y.
  •  EBITDA at INR 571 million remained flat y-o-y profit after tax at INR 95 million Business Performance Highlights CATV
  • GTPL seeded 200,000 STBs during the first quarter of FY 2019, taking total seeded STBs as on June 30, 2018 to 8.9 million. Added 200,000 active digital subscribers during the quarter, taking total active digital subscriber as on June 30, 2018 to 7.6 million. Added 110,000 digital paying subscribers during the quarter to take the total digital paying subscribers as on June 30, 2018 to 7.11 million.
  • During Q1 FY19, Phase 3 and Phase 4 ARPU increased by 1.6 percent and 3.8 percent respectively
  • The average CATV revenue per user (ARPU) as on June 30, 2018 for Phase1, Phase 2, Phase 3, and Phase 4 at INR 103, INR 102, INR 63, and INR 54 respectively. Phase wise seeded boxes as on June 30, 2018 for Phase 1, Phase 2, Phase 3, and Phase 4 were at 0.77 million, 2.22 million, 2.70 million, and 3.21 million respectively broadband
  • During Q1, the company added 230,000 Home Pass. Home Pass as on June 30, 2018 stood at 1.53 million
  • Added 10,000 broadband subscribers during Q1. Total subscribers as on June 30, 2018 were 0.29 million
  • The broadband average revenue per user (ARPU) for Q1 FY19 was INR 465
  • Launched GPON FTTH high-speed broadband services of 100 Mbps and 40 Mbps unlimited data plans in select Gujarat cities
  • The price per month for 40 Mbps unlimited data is from INR 388 to 500 (net of taxes) and 100 Mbps unlimited data is in range of INR 706-762 (net of taxes)
  • GTPL will progressively launch this plan in other cities of Gujarat.-moneycontrol
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