GTPL Hathway Q1 consolidated revenue up 10% to 645.4 crore
Consolidated subscription revenue increased by 3% YoY to Rs 272.7 crore
GTPL Hathway's revenue for the quarter ended 30th June has increased 10% to 645.4 crore compared to Rs 584.3 crore in the corresponding quarter of the previous fiscal.
Net profit has declined 9% to Rs 43.3 crore from Rs 47.5 crore a year ago. EBITDA remained flat at Rs 135.4 crore from Rs 136.2 crore. EBITDA Margin stood at 21% compared to 23.3%.
GTPL continues to widen its footprint in its existing markets and penetrate new markets through both organic and inorganic routes. Consolidated subscription revenue increased by 3% YoY to Rs 272.7 crore. Standalone subscription revenue was up 4% to Rs 190.3 crore. Paying subscribers increased by 500,000 YoY to 7.80 million.
Broadband revenue jumped 24% to Rs 113.9 crore from Rs 91.8 crore. The company added 155,000 subscribers during the quarter to take the total broadband active subscribers stood at 845,000. Home passes stood at 4.85 million; an addition of 750,000 YoY. The average revenue per user (ARPU) for Q1 FY23 stood at Rs 450. Average data consumption per user per month increased by 17% YoY to 260 GB.
Commenting on the results, GTPL Hathway MD Anirudhsinh Jadeja 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."
