Cable TV

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

HVL reveals that IMCL has successfully implemented the new tariff order

http://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2019/05/10/IMCL_0.jpg?itok=5dv7G7UJ

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 compared to the previous year FY 2018. HVL reported 10.5 percent increase in revenue for IMCL FY 2019 at Rs 703.0429 crore as compared to Rs  636.3938 crore in the previous fiscal. IMCL operating loss for the year under review was lower at Rs 335.2821 crore as compared to Rs 391.0445 crore in FY 2018.

Company speak

HVL sees a bright outlook as also value creation for the media segment.

In its business update, HVL says that it has a significant investment in the media and entertainment segment through its investments in its subsidiary IMCL which it claims is one of the leading digital platform operators (DPO) and the only company in the country to have a dual delivery platform through cable and Head End in the Sky (HITS) technologies. HVL adds that the industry has seen a completely different and positive business model emerge in the last four months through the implementation of the new tariff order notified by the Telecom Regulatory Authority of India (TRAI). Success would be measured based on a successful implementation of the new tariff order.

HVL reveals that IMCL has successfully implemented the new tariff order the implementation of which order commenced on February 1st 2019.  This implementation saw IMCL progressively and systematically converting close to 100 percent of its customer base to the new regime without compromising on its prepaid collection process. This could not have happened without a happy customer base, robust backend systems and committed resources, avers HVL. Based on the operations in the first few months of the operation of the new order, IMCL expects to be PAT positive from the year 2019-20. IMCL is investing in technology, processes and systems to further improve viewership experience, revealed HVL.

HVL further avers that it is committed to creating value for its investments in the media business and is examining various opportunities of consolidation of the business to create value to all stakeholders.

HVL Numbers

HVL on a consolidated basis reported revenue of Rs 710.58 crore for the financial year ended March 31, 2019 as against a revenue of Rs 864.06 crore for FY 2019. For the year ending March 31, 2019 the company reported a consolidated loss of Rs 339.89 crore arising mainly due to INDAS mark to market adjustments as against a consolidated loss of Rs 54.54 crore for the previous financial year.

On a standalone basis, HVL reported a loss of Rs 23.17 crore for the year ended March 31, 2019 as against a profit of Rs 265.51 crore arising mainly due to INDAS mark to market adjustments for the year ended March 31, 2018.

Latest Reads

http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/07/16/hathway.jpg?itok=wOKcyHcx
Cable TV subscription drives Hathway revenue growth in Q1 FY 2020

BENAGLURU: Hathway Cable and Datacom Ltd (Hathway) reported 38 percent growth in subscription revenue from its cable TV business (CATV) for the quarter ended 30 June 2019 (Q1 2020, quarter or period under review) as compared to the corresponding year ago quarter (y-o-y) Q1 2019. CATV subscription...

Cable TV Local Cable Operators
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/07/12/gtpl.jpg?itok=eEN4V-E3
GTPL cable TV business pushes revenue, profits up in Q1 2020

GTPL Hathway Ltd (GTPL) reported 31.9 percent growth in revenue for the quarter ended 30 June 2019 (Q1-2020, quarter or period under review) and almost three times the operating profit for its cable TV business (CATV business) as compared to the corresponding year ago quarter Q1 2019.

Cable TV Local Cable Operators
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/07/12/Arasu-TV.jpg?itok=OpLXeqkI
Arasu Cable plans to launch an OTT service

Tamil Nadu Arasu Cable TV Corporation (TACTV), the State-owned MSO of Tamil Nadu, is soon jumping on the OTT bandwagon. In addition to it, the MSO will also be providing IPTV services and internet connectivity to rural and urban households. The information was shared by the state minister for...

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/07/12/gtpl_0.jpg?itok=Y2h10i8o
GTPL Hathway consolidated Q1 FY20 PAT at Rs 294 mn, up 121 per cent y-o-y

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.

Cable TV Local Cable Operators
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/05/06/GTPL.jpg?itok=5HVyHUYG
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
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/05/03/a.jpg?itok=QEWPH1NI
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
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/05/03/gt.jpg?itok=9yg8XurX
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
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/04/18/Siti_Networks.jpg?itok=COCuM4bP
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
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/04/17/den.jpg?itok=haz9tpl1
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

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories