GTPL Hathway reports 9% revenue growth, 7% more subscribers in Q1 FY25
According to GTPL Hathway, IPL and T20 World Cup aided subscriber traction
Digital cable TV service GTPL Hathway has reported 9% growth in its total revenue for the first quarter of FY 2024-25, compared to the same period last fiscal. The growth, the company said, is due to rising subscribers’ traction aided by sporting events like IPL and ICC Men’s T20 World Cup.
Its revenue for Q1FY25 stood at Rs 850.6 crore, a growth of 4% Q-o-Q and 9% Y-o-Y, while its subscription revenue stood at Rs 319.3 crore, up by 7% Y-o-Y. The company’s broadband revenue stood at Rs 134.8 crore, up by 4% from Q1 FY24 to Q1 FY25.
The company’s active digital cable tv subscribers stood at 9.6 million at the end of first quarter ending June 30, 2024, up by 6% from the same period last fiscal. Its paying subscribers stood at 8.90 million.
Its active broadband subscribers stood at 10.3 lakh.
The Broadband average revenue per user (ARPU) stood at Rs 460 per month per subscriber for the year. Its average data consumption per user per month was 350 GB, an increase of 13% Y-o-Y, the company said.
EBITDA for Q1 FY25 stood at Rs 120.5 crore and the EBITDA Margin was 14.20%.
Profit After Tax (PAT) for Q1 FY25 stood at Rs 14.3 crore, an increase of 12% Q-o-Q, said the company in its earnings release.
Anirudhsinh Jadeja –Managing Director, GTPL Hathway Limited said, “I am pleased to announce that the Company has reported a consistent performance for the quarter driven by focus on operational efficiency and rising subscribers’ traction in the Cable TV segment aided by sporting events such as IPL and Cricket World Cup. The recent round of price hikes announced by all major telcos make the prospect of private wireline broadband at home even more appealing thus making our offering in the broadband segment even more competitive.
“Our strategy for the ensuing year would be to continue building on the existing businesses and carrying the momentum in scaling up both the segments with a focus on efficient operations that ensure consistent and reliable delivery of services to all existing and new customers.”
