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

https://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2019/07/12/gtpl_0.jpg?itok=2YiRWEQ3

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.

Latest Reads

https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/12/12/vbs.jpg?itok=bleNXGSn
VBS 2019: Broadcast industry dwells on TRAI consultation paper, NTO impact and way forward

The new consultation paper on broadcast tariffs is only seeking to address some infirmities in the earlier New Tariff Order (NTO) and will not bring any fundamental changes to the regulatory framework, says TRAI advisor Arvind Kumar at VBS 2019.

Cable TV Local Cable Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/12/11/vbs_0.jpg?itok=0fz9ZZct
VBS 2019: Industry stalwarts discuss NTO second phase issues

MUMBAI: The sixteenth edition of the Video and Broadband Summit (VBS) organised by Indiantelevision.com has brought together industry doyens under one roof to discuss and understand the impact of the new tariff order (NTO) on the television broadcasting and distribution sector. VBS 2019 marked the...

Cable TV Local Cable Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/12/11/vbs.jpg?itok=V88gVoGR
VBS 2019: Media industry leaders to discuss challenges facing the industry

The much-anticipated Video and Broadband Summit (VBS) 2019 will be held today in Mumbai with participation from prominent media networks, broadcast distributors, media and advertising agencies, consultancy services, OTT platforms, media monitoring firms, as well as government regulatory bodies.

Cable TV Local Cable Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/12/03/vbs.jpg?itok=aIFec78c
VBS 2019 to focus on post NTO environment, relevance of cable and rise of internet

The year 2019 has fundamentally changed Indian TV broadcast industry. The long-awaited New Tariff Order (NTO) was finally greenlit in February, forcing broadcast networks, DTH players and cable operators to move to a new tariff regime.

Cable TV Multi System Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/11/27/vbs.jpg?itok=lXdFgvOA
Video and Broadband Summit 2019 to discuss way forward with NTO & changing digital landscape

How is the new tariff order (NTO) impacting the broadcast and video distribution landscape in India? How can broadcast networks effectively partner with LCOs and MSOs to successfully navigate the post-NTO environment? These are some of the key themes which will be discussed at the Video and...

Cable TV Multi System Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/11/27/mib.jpg?itok=DfPUxleW
MSO applicants seek approval status in OHM

Five MSO applicants and registered MSOs participated in an open house meeting to ascertain the status of their MSO application for grant of registration along with other queries. Representatives from TJ  Cable Network, World Phone Infrastructure Services, Haur Cable Network, Lamjingba Times Pvt Ltd...

Cable TV Multi System Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/11/06/Arvind-Prabhu.jpg?itok=nf9Gdtch
MCOF's Arvind Prabhu on post-NTO era, LCO concerns, OTT regulation

The turmoil of the NTO is settling, but the ecosystem is yet to benefit from it, according to Maharashtra Cable Operators Foundation (MCOF) president Arvind Prabhu.

Cable TV Local Cable Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/10/31/ashok.jpg?itok=ysTPbE9U
InDigital announces ESOPs for local cable operators

Diwali is a time for celebration and in keeping with the spirit, business partners and local cable operators (LCOs) of InDigital, the digital cable network and NXT Digital, the HITS or Headend-In-The-Sky network of the Hinduja Group’s media vertical were in for a pleasant surprise.

Cable TV Multi System Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/10/17/aidcf.jpg?itok=pqp_OH-z
All India Digital Cable Federation welcomes festive promotion by broadcasters

MUMBAI: While All India Digital Cable Federation (AIDCF) in association with its LCO operator partners always strives to deliver better services to consumers, the federation has welcomed festive promotion by broadcasters offering a discount on select a-la carte channels. AIDCF hopes that such...

Cable TV Multi System Operators

Sign up for our Newsletter

subscribe for latest stories