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GTPL Hathway posts consolidated revenue of Rs 4,470 mn in Q2 2020

The company posted a consolidated net profit of Rs 195 million for the quarter

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MUMBAI: Gujarat-based multi system operator (MSO) GTPL Hathway has posted consolidated revenue of Rs 4,470 million (ex EPC contract) for the quarter ended 30 September, which increased 41 per cent year-over-year. While the cable TV subscription revenue stood at Rs 2,608 million, broadband revenue stood at Rs 398 million.

The company posted a consolidated net profit (ex EPC contract) of Rs 195 million for the quarter and the EBITDA increased 5 per cent to Rs 1,156 million . Subscription revenue reached Rs 2,608 million, up 47 per cent year-over-year.

“GTPL continued to demonstrate superior business and financial performance in the second quarter of FY20. GTPL’s cutting edge technology allows us to expand our CATV business in other regions without any major CAPEX. Our robust cash flow will not only support our capital expenditure plan that is required but also will help us in reducing our debts,” GTPL Hathway MD Anirudhsinhji Jadeja commented on the performance.

GTPL Hathway seeded 200,000 STBs during the second quarter FY20, taking total seeded STBs as on 30 September to 9.90 million. Digital paying subscribers as on 30 September 2019 stood at 7.25 million, increased by 150,000.

During Q2 FY20, the company added 260,000 home pass taking it to total 2.92 million as of 30 September. The MSO added 15,000 net broadband subscribers during Q2 and 11,000 FTTX subscribers while the broadband average revenue per user (ARPU) for Q2 FY20 was maintained at Rs 415.

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