Cable TV

FY-2015: Hathway revenue up 15.7%; cable subscription revenue up 44%

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BENGALURU: Indian multi system operator (MSO) Hathway Cable and Datacom Limited reported 15.7 per cent growth in consolidated Total Income from Operations (TIO) in FY-2015 (year ended 31 March, 2015, current year) to Rs 1830.60 from Rs 1583.25 crore in FY-2014.

The company has reported 44 per cent growth in consolidated cable subscription revenue in FY-2015 at Rs 840.3 crore. Standalone TIO grew four per cent to Rs 1023.5 crore in the current year. Standalone cable subscription revenue increased 32 per cent to Rs 441.7 crore in FY-2015.

Note: 100,00,000 = 100 lakh = 10 million = 1 crore

Hathway’s consolidated subscription and broadband revenue grew 47 per cent to Rs 247.5 crore, while standalone subscription and broadband revenue increased 37 per cent to Rs 196 crore in FY-2015. Consolidated placement revenue grew nine per cent to Rs 626.9 crore, while standalone placement revenue remained flat at Rs 319 crore in FY-2015. The company’s consolidated and standalone revenues declined by 50 per cent to Rs 82.4 crore and by 40 per cent to Rs 44 crore respectively in FY-2015.

The company has seeded 4.3 lakh set-top-boxes (STBs) in FY-2015, taking its total digital subscribers to 85 lakh.

Let us look at the other numbers posted by Hathway:

FY-2015 consolidated and standalone numbers

Hathway’s consolidated Total Expenditure (TE) in FY-2015 increased 21 per cent to Rs 1903.38 crore (103.9 per cent of TIO) from Rs 1572.75 crore in FY-2015. Standalone TE increased 11.2 per cent to Rs 1110.43 crore (108.6 per cent of TIO) in FY-2015 as compared to the Rs 998.84 crore (101.9 per cent of TIO) in FY-2015.

Hathway’s consolidated Pay Channel cost increased 22 per cent to Rs 813.13 crore (44.4 per cent of TIO) in FY-2015 from Rs 666.41 crore (54.1 per cent of TIO) in FY-2016. Standalone Pay Channel cost in FY-2015 increased 17.8 per cent to Rs 383.99 crore (37.5 per cent of TIO) as compared to the Rs 325.88 crore (33.2 per cent of TIO) in FY-2014.

The company reported 16 per cent drop in consolidated EBIDTA to Rs 259.9 crore and a 27 per cent drop in EBIDTA to Rs 139.4 crore in FY-2015 as compared to the previous year.

Consolidated loss in FY-2015 increased to Rs 180.45 crore as compared to the Rs 111.11 crore in FY-2014, while standalone loss in FY-2015 increased to Rs 175.22 crore from Rs 125.25 crore in FY-2014.

Consolidated average revenue per user (ARPU) in Phase I cities is Rs 100, while in Phase II cities it was Rs 67. Broadband ARPU increased to Rs 540, with Docsis 3 ARPU reaching Rs 750.

Q4-2015 standalone numbers

Hathway’s standalone TIO in Q4-2015 declined 18.3 per cent to Rs 270.03 crore as compared to the Rs 292.72 crore in the corresponding year ago quarter but increased 12.9 per cent as compared to the Rs 239.15 crore in the immediate trailing quarter.

Standalone TE in Q4-2015 at Rs 307.66 crore (113.9 per cent of TIO) was 1.9 per cent lower than the Rs 313.53 crore (107.1 per cent of TIO) in Q4-2014 but 12.1 per cent more than the Rs 274.39 crore (114.7 per cent of TIO) in Q3-2015.

Standalone Pay Channel cost in Q4-201t at Rs 107.34 crore (39.8 per cent of TIO) was seven per cent lower than the Rs 115.41 crore (39.4 per cent of TIO) in Q4-2014 but 14.1 per cent more than the Rs 94.04 crore (39.3 per cent of TIO) in Q3-2015.

Hathway reported higher standalone loss of Rs 58.05 crore in Q4-2015 as compared to the loss of Rs 49.27 crore in Q4-2014 and loss of Rs 39.26 crore in Q3-2015.

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