Cable TV

GTPL Hathway consolidated Q1 FY20 PAT at Rs 294 mn, up 121 per cent y-o-y

NTO has led to significant growth in subscription revenue

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MUMBAI: GTPL Hathway Ltd (GTPL), India’s leading digital cable TV and broadband service provider, today announced the financial results for the first quarter of financial year 2019–20, as approved by its board of directors.

Commenting on performance, GTPL Hathway MD Anirudhasinhji Jadeja said, “Q1FY20 was the first full quarter with new tariff order (NTO), which has led to significant growth in subscription revenue.  Subscription revenue grew by 47  per cent on a y-o-y basis. Overall, our first quarter performance was in line with our expectation and we see our next three quarters equally exciting. With NTO being stabilised, our focus on taking FTTH to more and more homes, re-launching industry’s first dual service product ‘GTPL GIGAHD’ to convert current customers along with adding new customers and concurrently launching hybrid set top box will help us to converge linear TV viewing with OTT usage. We will further increase the pace of growth momentum towards CATV and Broadband business in FY 2019 - 20.“

Q1 FY20 Consolidated Financial Performance Highlights (as per IND AS)

• Revenue (ex. EPC) at Rs 3,911 million, up 29 per cent y-o-y

• CATV subscription revenue at Rs 2,472 million, up 47 per cent y-o-y

• Broadband revenue at Rs 393 million, up 9 per cent y-o-y

• EBITDA (ex. EPC) at Rs 1,103 million; up 32 per cent y-o-y; EBITDA margin (ex. EPC) at 28.2 per cent up by 60 bps

• Profit after tax (ex. EPC) at Rs 266 million; up 100 per cent y-o-y

• Q1 FY20 EPC Contract revenue, EBITDA and PAT at Rs 632 million, Rs 52 Million and Rs 29 million

respectively.

Q1 FY20 Standalone Financial Performance Highlights (as per IND AS)

• Revenue at (ex. EPC) Rs 2,538 million; up 27 per cent y-o-y.

• CATV subscription revenue at Rs 1,631 million; up 45 per cent y-o-y.

• EBITDA (ex. EPC) at Rs 745 million up 31 per cent y-o-y; EBITDA margin (ex. EPC) at 29.4 per cent up by 90 bps

• Profit after tax (ex. EPC) came in at Rs 223 million; up 135 per cent y-o-y

Business Performance Highlights

CATV

• GTPL seeded 200,000 STBs during first quarter FY20, taking total seeded STBs as on June 30, 2019

to 9.70 million. Digital paying subscribers as on June 30, 2019 stood at 7.1 million, increased by

300,000 mainly due to reactivation of service by existing subscribers.

• Phase wise Seeded Boxes as on June 30, 2019 for Phase 1, Phase 2, Phase 3 and Phase 4 were at

0.86 million, 2.26 million, 3.00 million and 3.58 million respectively.

Broadband

• During Q1 FY20, the company added 240,000 Home Pass. Home Pass as on June 30, 2019 stood

at 2.66 million. ~50 per cent of Home pass are available for FTTX connections.

• Added 15,000 net broadband subscribers during Q1 and 10,000 FTTX subscribers (67 per cent of net

addition). Total subscribers as on June 30, 2019 were 340,000 of which 64,000 are FTTX

subscribers.

• The Broadband average revenue per user (ARPU) for Q1 FY20 was Rs 420.

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