Cable TV

Q2-2016: Hathway brodband revenues rise 58 per cent; overall revenues up 4 per cent Y-on-Yercen

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/cable_tv_images/2015/11/06/url.jpg?itok=ANL5RwtW

BENGALURU: Indian multi system operator (MSO) Hathway Cable and Datacom Limited (Hathway) has reported a four per cent YoY growth in standalone Total Income from Operations (TIO) in Q2-2016 (quarter ended 30 September, 2015, current quarter) at Rs 270.03 crore as compared to Rs 263.51 crore and 3.6 per cent QoQ revenue growth from Rs 264.41 crore in Q1-2016.

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

Its focus on broadband appears to be yielding dividends. Its  broadband revenues of Rs 71.9 crore in the current quarter were 58.4 percent higher YoY than the Rs 45.4 crore, and 10.4 percent more than the Rs 65.1 crore in the immediate trailing quarter.

The company says that its  broadband subscription base crossed 515,000 subscribers with 200,000  DOCSIS  3.0 subscribers. The company said that it had added 50,000 broadband subscribers in Q1-2016, and claimed a broadband subscriber base of 4.6 lakh, of which 1.7 lakh were under Docsis 3.0 then. Hathway says that its broadband ARPU increased 6.8 percent QoQ to Rs 616 from Rs 577.

The company’s EBIDTA (excluding other income) in Q2-2016 declined 13 per cent YoY to Rs 34.39 crore (12.5 per cent margin), from 39.52 crore (9.9 per cent margin) but increased 5.1 per cent from Rs 32.73 crore (12.8 per cent margin) in the immediate trailing quarter.

Hathway’s loss in the current quarter widened to Rs 48.94 crore as compared to Rs 39.26 crore in Q2-2015 and a loss of Rs 43.91 crore in Q1-2016.

Subscription numbers

Hathway’s television subscription revenue in Q2-2016 declined 3.2 percent YoY to Rs 107.5 crore as compared Rs 111 crore, but grew 1.9 percent QoQ from Rs 105.5 crore. The company says that it has seeded 77,000 set top boxes in this quarter and its digital subscriber base is 87 lakh or 72.5 percent of its total cable TV subscriber base of 120 lakh.

Hathway reported Phase I ARPU at Rs. 100 (net of tax) and Phase II ARPU at Rs 76 (net of tax) in the current quarter as compared to Rs 76 (net of tax) in Q1-2016.

Placement revenue in the current quarter increased 2.9 percent YoY to Rs 84.8 crore from Rs 82.4 crore and increased 1.2 percent QoQ from Rs 83.8 crore.

Activation Revenue in Q2-2016 reduced to a little more than a fifth (1/4.7 times) at Rs 4.7 crore as compared to the Rs 22.1 crore in Q2-2015 and declined 14.5 percent QoQ from Rs 5.5 crore.

Let us look at the other numbers reported by Hathway

Hathway’s standalone Total Expenditure in Q2-2016 increased 9.9 percent to Rs 301.40 crore (110 percent of TIO) as compared to Rs 274.27 crore (104 percent of TIO in Q2-2015) and rose 3.6 percent from Rs 290.87 crore (110 percent of TIO in Q1-2016).

Standalone Pay Channel cost in Q2-2016 increased 1.5 percent to Rs 98.27 crore as compared to Rs 96.81 crore (36.7 percent of TIO) and was 5.3 percent more than the Rs 93.32 crore (35.3 percent of TIO) in Q1-2016.

Employee Benefit Expense in Q2-2016 increased 11.2 percent YoY to Rs 17.83 crore as compared to Rs 16.03 crore and increased 5.3 percent from Rs 17.21 crore in Q1-2016.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/07/04/Jio.jpg?itok=BodwQwwF
Jio & Hathway continue to lead wireless and wired Internet subs growth in 2018

India witnessed 1.74 percent growth in broadband internet customers in the month of April 2018 (Apr-18, month under review) according Telecom Regulatory Authority of India (TRAI) data for the month ended 30 April 2018. Hence, 71.90 lakh (7.19 million, 0.719 crore) broadband subscribers were added...

Cable TV Local Cable Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/07/03/hathway.jpg?itok=XgUL_9ed
Hathway ropes in Sitendu Nagchaudhuri as new CFO

Leading cable operator Hathway Cable and Datacom Ltd has appointed Sitendu Nagchaudhuri as the new chief financial officer (CFO). The fellow chartered accountant’s experience in the field of corporate finance, commercial and strategy leadership spans over 27 years.

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/06/22/mike.jpg?itok=trEApP9h
Sony to bring Pictures, TV division under one roof

Sony Pictures TV is set to merge international TV operations to bring its television networks, home entertainment and distribution businesses together. This shuffle may lead to some job cuts, with many senior executives from Sony having already departed.

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/06/19/en.jpg?itok=D3gT426Y
DEN Network fixed-line b’band biz plan hinges on partnerships & leveraging present infra

MUMBAI: With telcos handing out data at cheap rates in various package sizes under innovative schemes, mobile data consumption has increased rapidly in India in the last few years, while the growth of fixed-line broadband (FLBB) users has been tepid, if not completely static. MSO DEN Networks now...

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/06/15/den.jpg?itok=QQbrO9t0
DEN aims to convert 10% of SD subscribers to HD in a year

DEN Networks CEO SN Sharma has set a target of converting 10 per cent of its standard definition (SD) subscribers to high definition (HD) within a year.

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/06/15/gtpl.jpg?itok=iHTj8qw9
GTPL Hathway appoints Viren Thakkar as new chief financial officer

GTPL Hathway , one of the major players in the Indian cable TV and broadband industry, has appointed Viren Thakkar as chief financial officer of the company. The appointment ,which will come into effect from 2nd July, was posted on the Bombay Stock Exchange (BSE) website.

Cable TV People
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/06/13/hathway.jpg?itok=j_Ps51Lv
Hathway plans to seed 2.5 lakh high definition set top boxes in FY19

Going along the lines of FY18, broadband and cable TV service provider Hathway Cable and Datacom is planning a Capex of Rs 310 crore in FY19. In addition to that, it plans to seed 2.5 lakh high definition (HD) set top boxes (STB) in FY19. The company had 2.16 lakh HD subscribers at the end of...

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/06/05/gtpl.jpg?itok=f9kTo-vP
Jayanta Pani Resigns as CFO of GTPL Hathway

Jayanta Pani chief financial officer (CFO) of GTPL Hathway has decided to part ways with the company. Pani's last working day at GTPL, where he joined in November 2008, will be 30th June.

Cable TV People
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/06/01/tv.jpg?itok=Ky_blUZ3
VITEC and ATX join hands for distribution of IPTV content

VITEC, a worldwide leader in advanced video encoding and streaming solutions, and ATX Networks, a technology leader of optical and media access platforms, has announced a strategic partnership to provide a fully secure architecture for distribution of IPTV content throughout the enterprise network...

Cable TV Multi System Operators

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories