Cable TV

Hathway revenue and operating profit up in third quarter

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/tv-images/2017/02/09/rajan-gupta%20%281%29.jpg?itok=brN6KVuj

BENGALURU: Indian multi system operator (MSO) Hathway Cable and Datacom Limited (Hathway) reported 25.5 per cent growth in Total Income from operations (TIO) and 46 percent growth in operating profits (EBIDTA) for the quarter ended 31 December 2016 (Q3-17, current quarter). The company reported TIO of Rs 337.6 crore in Q3-17 as compared to Rs 281.2 crore in the corresponding quarter of the previous year.

The company’s EBDITA (earnings before depreciation, interest, taxes and amortisation or operating profit) including other income in the current quarter was Rs 66.6 crore (20 percent EBIDTA margin) and was Rs 45.4 crore (16 percent EBIDTA margin) in Q3-16. The company’s loss as per IND-AS in the current quarter increased to Rs 44.4 crore from a loss of Rs 41.2 crore in Q3-16.

Hathway reported high growth in Cable subscription revenue, Activation fees and Broadband revenue, while placement revenue declined. The company’s broadband segment has been performing very well, as a matter of fact, among the national level MSOs’ Hathway has the highest subscription and revenue numbers among all of them. Like in the immediate trailing quarter, within Hathway, in Q3-17, Broadband subscription had the highest contribution to revenue, even more than Cable TV subscription revenue

Hathway’s broadband subscriber base increased by 0.4 lakh in Q3-17 to 8.6 lakh from 8.2 lakh in the immediate trailing quarter. Consolidated broadband revenue in the current quarter as per IND AS increased 62 percent to Rs 127.8 crore from Rs 78.7 crore in the previous year. Consolidated Broadband ARPU in Q3-17 was Rs 654 as compared to Rs 631 in Q3-16 and Rs 643 in the immediate trailing quarter.

Reported CATV subscription revenue as per IND AS in the current quarter increased 17 percent to Rs 114.1 crore from Rs 97.7crore in Q3-16 Hathway says that it has deployed 4 lakh STBs at a consolidated level. Standalone CATV ARPU in DAS Phase I was Rs 105, in Phase II areas was Rs 95. ARPU from phase III areas was Rs 45.

Placement revenue as per IND AS in the current quarter declined 14 percent to Rs 70.4 crore from Rs 82.2 crore in Q3-16.

Activation revenue as per IND AS increased 49 percent y-o-y in Q3-17 to Rs 21 crore from Rs 115 crore in Q3-16.

Other revenue as per IND AS declined 43 percent in Q3-17 to Rs 4.3 crore from Rs 7.6 in Q3-16.

Hathway’s Standalone Total Expenditure (without depreciation and amortization) in Q3-17 increased 14 percent to Rs 27.52 crore from Rs 239.4 crore in the previous year.

Standalone Pay channel cost in the current quarter increased 10 percent to Rs 104.3 crore from Rs 94.5 crore in Q3-16. Standalone Employee Benefit expense in Q3-17 increased 19 percent y-o-y to Rs 23.3 crore from Rs 19.6 crore.

Note: The unit of currency in this report is the Indian rupee - Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:
(a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.
(b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/02/15/gtpl.jpg?itok=pbofWFNO
GTPL reports higher numbers for Q3 2018

BENGALURU: Indian multi system operator (MSO) and broadband internet services (broadband) provider GTPL Hathway Limited (GTPL) has reported a year-on-year (yoy) growth in standalone as well subsidiary companies revenues, operating profits and net profits for the quarter ended 31 December 2017 (Q3...

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/02/13/Ashok_Manshukani.jpg?itok=vzIdN2WA
Hinduja Ventures appoints Ashok Mansukhani as MD; net profit remains flat

MUMBAI: Hinduja Ventures Ltd (HVL) whole-time director Ashok Mansukhani has been elevated as the managing director of the company for two years from 30 April 2018 to 29 April 2020. Mansukhani completes his existing term as whole-time director on 29 April.

Cable TV People
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/02/13/hathway.jpg?itok=3o99NTYK
Hathway reports improved standalone Q3 results

BENGALURU: The demerged Hathway Cable and Datacom (Hathway) reported standalone profit after tax (PAT) of Rs 23.87 crore (17.2 per cent of operating revenue) for the quarter ended 31 December 2017 (Q3 2018, quarter under review), 70.4 per cent higher as compared to PAT of Rs 14.01 crore (10.7 per...

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/02/08/den_0.jpg?itok=k1rUPbMW
TDSAT rules in favor of DEN Networks, directs ZEE entertainment to provide channels on RIO basis

In a major victory for DEN Networks – TDSAT (Telecom Disputes Settlement and Appellate Tribunal) directed ZEE Entertainment Limited (ZEEL) to provide channels to DEN Networks on RIO basis dismissing ZEEL’s claim that SMS and CAS of DEN were not compliant with the regulations.

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/02/06/shaji.jpg?itok=7-EuZwTb
Dual LCN helping consumers, says KCCL's Shaji Mathews

MUMBAI: Kerala Communicators Cable Ltd (KCCL) CEO Shaji Mathews believes dual local channel numbers (LCN) is helping consumers and that its fate should be left to the market.

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/01/29/sn-sharma.jpg?itok=zb-UXj04
DEN readies Android-based STB for Feb launch

Multi-system operator (MSO) DEN is all set to revamp its old hybrid set top box (STB) into a smart STB. The new STB will support 4k HD as well as internet access.

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/01/25/rajesh.jpg?itok=3pXyRF0n
Operating margin, sub revenue prop up Siti financials

BENGALURU: Backed by higher subscription and carriage revenue, Indian multi-systems operator (MSO) Siti Networks Ltd (Siti) has posted 19.4 percent higher consolidated total income for the quarter ended 31 December 2017 (Q3 2018, the quarter under review) as compared with the corresponding year...

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/01/16/Den-Networks_SN-Sharma.jpg?itok=M92gmI7l
Subscription revenue drives up Den’s PAT

Multi-system operator (MSO) Den Networks’ financial results for Q3 2018 show consolidated revenue of Rs 330 crore as against Rs 293 crores in the corresponding quarter a year ago, up by 12 per cent. In Q2 2018, consolidated revenue stood at Rs 328 crore.

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/01/11/hinduja.jpg?itok=tgpOkCe2
Hinduja Ventures board okays amalgamation with Grant Investrade

Hinduja Ventures Ltd's (HVL) the board of directors has approved the amalgamation of Grant Investrade Ltd (GIL), a wholly owned subsidiary, into the company.

Cable TV Multi System Operators

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories