Cable TV

GTPL Hathway board moots 10% dividend for fiscal 2018

BENGALURU: The board of directors of Indian multi-system operator and internet service provider GTPL Hathway Limited (GTPL) has mooted dividend of Re 1 or 10 per cent per equity share of face Rs 10 each subject to approval from shareholders for the year ended 31 March 2018 (FY 2018, year or fiscal under review). The outstanding capital of GTPL Hathway as on 31 March 2018 was Rs 112.463 crore.

GTPPL’s consolidated profit after tax (PAT) more than doubled (increased 114.9 per cent) in FY 2018 to Rs 56.40 crore from Rs 26.24 crore in FY 2018. Consolidated total comprehensive income for the year increased 118.3 per cent to Rs 56.72 crore from Rs 25.98 crore. Consolidated operating profit (EBITDA) excluding other income increased 29.6 per cent in FY 2018 to Rs 383.12 crore (35.1 per cent of operating or op revenue) from Rs 295.71 crore (32.6 per cent of op revenue) in the previous fiscal.

GTPL has two segments – cable TV business and internet service. Cable TV business operating result more than quadrupled (increased 302.6 per cent) to Rs 39.65 crore in FY 2018 from Rs 9.85 crore in the previous year. Operating revenue of GTPL’s cable TV business increased 21.7 per cent to Rs 947.87 crore from Rs 778.85 crore.

GTPL’s internet service operating revenue in FY 2018 increased 13 per cent to Rs 143.40 crore from Rs 126.85 crore. Internet service segment’s operating results for fiscal 2018 increased 2.2 per cent in FY 2018 to Rs 16.75 crore from Rs 16.39 crore in the previous year.

Let us look at the other numbers reported by GTPL Hathway

The company’s consolidated total income increased 18.2 per cent during the year under review to Rs 1,113.35 crore from Rs 941.83 crore in the previous year. Consolidated operating revenue for fiscal 2018 at Rs 1,091.27 crore was 20.2 per cent higher than the Rs 907.70 crore for FY 2017. Other income reduced 35.3 per cent in FY 2018 to Rs 22.09 crore from Rs 34.13 crore in FY 2017.

Consolidated total expenditure increased 12.3 per cent during the year under review to Rs 1,009.34 crore from Rs 898.79 crore in FY 2017. Pay channel cost in fiscal 2018 increased 15.3 per cent to Rs 440.61 crore from Rs 382.11 crore in the previous year. Other operational costs increased 1.7 per cent to Rs 90.77 crore from Rs 89.29 crore.

Employee benefits expense in FY 2018 increased 16.3 per cent to Rs 126.12 crore from Rs 108.44 crore in the previous fiscal. Finance costs reduced 32.2 per cent during the year under review to Rs 39.35 crore from Rs 58.08 crore. Other expenses in the period increased 16.5 per cent to Rs 141.42 percent to Rs 121.44 crore in the previous year.

Also Read :

GTPL Hathway board okays additional stake buy in subsidiaries

GTPL Hathway reports higher numbers and flat q-o-q ARPUs

Latest Reads
IndusInd Media reports improved results for fiscal 2019, to be PAT positive in FY 2020

BENGALURU: Hinduja Ventures Ltd (HVL) reported higher revenue from operation and lower losses for its digital platform operator subsidy and media and entertainment segment IndusInd Media & Communications Ltd (IndusInd Media, IMCL) for the year ended 31 March 2019 (FY 2019, year under review) as...

Cable TV Multi System Operators
GTPL Hathway eyes 20-25% growth in broadband subscribers in FY20

Cable TV service providers are envisioning a future where broadband plays a major role and GTPL Hathway is also one of them. After a mild setback received from the new TRAI tariff order (NTO) implementation, the company is back on track to focus on the broadband sector in FY20.

Cable TV Multi System Operators
Asianet launches 4K UHD hybrid STB

Asianet Digital Network Pvt Ltd launched Asianet Smart Magic Box, a hybrid set top box (STB) making it the first MSO in the country to launch a 4K UHD hybrid STB, powered by Android TV on April 29 2019. The company is also bringing to the market Asianet LED TV - television sets with SD, full HD and...

Cable TV Multi System Operators
TRAI tariff order implementation to increase GTPL Hathway's subscription revenue, EBITDA

Despite experiencing a troubled quarter due to the implementation of the new TRAI tariff order (NTO), cable TV and broadband service provider GTPL Hathway is optimistically looking at the transformation. Even as small multi system operators (MSOs) are figuring out the new regulatory framework, GTPL...

Cable TV Multi System Operators
Siti Networks responds to TRAI directive to comply with new tariff order

Leading multi system operator (MSO) Siti Networks on Wednesday issued a clarification, a day after the directive from Telecom Regulatory Authority of India (TRAI) to it and other distribution platform operators (DPOs) to abide by all the norms of the new tariff order within five days.

Cable TV Multi System Operators
Den reports lower broadband, placement and activation income for FY2019

After the roll in of the Jio juggernaut, things have never been the same for the Indian broadband internet services industry.  It’s déjà vu - Den Networks Ltd (Den) reported lower subscription numbers for its fixed broadband business for the quarter and year ended 31 March 2019 (Q4 2019, FY 2019,...

Cable TV Multi System Operators
Exceptional items pull down Hathway Cable numbers for FY2019

Hathway Cable and Datacom Ltd’s (Hathway Cable) says that the new Telecom Regulatory Authority of India (TRAI) tariff order (NTO), which came into effect during the fourth quarter of 2019 resulted in changes in pricing mechanism and arrangements amongst the company, LCOs and broadcasters as well as...

Cable TV Multi System Operators
Den Networks CEO SN Sharma takes over from Hathway’s Rajan Gupta as AIDCF president

All India Digital Cable Federation (AIDCF), the apex body of digital cable television players, announces the appointment of Mr. S N Sharma (CEO – Den Networks Limited) as the new President of the Federation with effect from 1st April 2019 post expiration of term of Mr. Rajan Gupta – current...

Cable TV People
Kerala Vision partners Y&A Transformation for new revenue streams

After establishing itself in Kerala with 24 lakh TV homes, Kerala Vision Cable (KV) is looking to expand its revenue streams.

Cable TV Multi System Operators

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories