Cable TV

GTPL cable TV business revenue up; broadband business keeps afloat

It reported 12.6 percent increase in total income.

https://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2019/02/13/gtpl_hathway.jpg?itok=3_e9k56a

BENGALURU: Indian multi-system operator and internet service provider GTPL Hathway Ltd (GTPL) reported 12.6 percent increase in total income for the quarter ended 31 December 2018 (Q3 2019, quarter or period under review) as compared to the corresponding year ago quarter (y-o-y) Q3 2018. GTPL’s Total Income in Q3 2019 was Rs 319.91 crore, for the corresponding year ago quarter it was Rs 284.09 crore.

GTPL has two segments – cable TV business and internet service. Every Indian broadband internet services provider has been hit by Jio. Reliance Jio Infocomm has made available low cost broadband internet services at a never before scale in India, unprecedented anywhere in the world. Most operators have been bleeding subscribers, and how! ARPUs have plummeted.

GTPL’s internet service business has been reporting a steep decline in operating profits over the past few quarters. In Q3-2019, GTPL’s internet business was still profitable. And the company has reported that its internet subscriber base increased by 11,000 for the period under review, however at lower ARPU. For Q3 2019, internet business ARPU was Rs 430 as compared to Rs 487 in Q3 2018.

GTPPL’s consolidated profit after tax (PAT) increased 3.1 percent y-o-y in Q3 2019 to Rs 19.72 crore from Rs 19.13 crore in Q3 2018. Consolidated total comprehensive income for the period increased 2.4 percent y-o-y to Rs 19.72 crore from Rs 19.26 crore. Consolidated operating profit (EBITDA) excluding other income was almost flat – it declined 0.8 percent y-o-y in Q3 2019 to Rs 77.89 crore (24.8 percent of operating or op revenue) from Rs 78.53 crore (27.8 percent of op revenue) in the corresponding quarter of the previous fiscal.

Segment Performance

Cable TV business operating result increased 20.1 percent y-o-y to Rs 19.35 crore in Q3 2019 from Rs 816.11 crore in the corresponding quarter of the previous year. Operating revenue of GTPL’s cable TV business increased 14.7 percent y-o-y to Rs 278.06 crore from Rs 242.4 crore.

 GTPL’s TV business added 2,00,000 CATV digital subscribers in Q3 2019, 1,70,000 of which it says were paying subscribers. The company says that it had seeded 3,00,000 set-top boxes during the quarter under review. In all GTPL says that it seeded 0.95 crore STBs, of which 0.8 crore were active and 0.745 crore were digital paying subscribers as of 31 December 2018. GTPL’s largest subscriber base is in phase IV areas. Digital paying subscriber bases for phases I, II, III and IV were 0.066 crore, 0.169 crore, 0.226 crore and 0.283 crore respectively. ARPUs remained flat y-o-y across all the four DAS phases. ARPUs net of taxes for phases I, II, III and IV were Rs 103, Rs 102, Rs 67 and Rs 60 respectively.

GTPL’s internet business operating revenue in Q3 2019 was almost flat - it increased 1.1 percent y-o-y to Rs 36.44 crore from Rs 36.03 crore. Internet service segment’s operating results for Q3 2019 declined by 87.9 percent y-o-y to just Rs 0.37 crore from Rs 3.03 crore in the corresponding quarter of the previous year.

GTPL says in a press release that during the quarter, it was appointed as Project Implementation Agency (PIA) of Package B for implementation of BharatNet Phase - II Project in the state of Gujarat by Gujarat Fibre Grid Network Limited (GFGNL). The company says that the project is worth Rs 1,245.77 crore. The project is on EPC bases and includes survey, design, plan, execution with active/passive (OSP + Electronics) components with commissioning of complete network.

Let us look at the other numbers reported by GTPL Hathway

Consolidated total expenditure increased 16.3 percent y-o-y during the quarter under review to Rs 289.05 crore from Rs 248.59 crore in Q3 2018. Pay channel cost in Q3 2019 increased 26.5 percent y-o-y to Rs 137.72 crore from Rs 108.90 crore in the corresponding quarter of the previous year. Other operational costs reduced 16.5 percent y-o-y in Q3 2019 to Rs 23.99 crore from Rs 20.64 crore in Q3 2018.

Employee benefits expense in Q3 2019 increased 18.9 percent y-o-y to Rs 37.63 crore from Rs 31.64 crore in the corresponding quarter of the previous fiscal. Finance costs reduced 20 percent y-o-y during the quarter under review to Rs 5.86 crore from Rs 7.32 crore. Other expenses in the period reduced 3.7 percent y-o-y to Rs 37.28 crore in Q3 2019 from Rs 38.72 crore in the corresponding quarter of the previous year.

Company Speak

GTPL Hathway managing director Anirudhasinhji Jadeja said in a press release, “In an environment of uncertainty, GTPL Hathway has continued to post steady performance. Our first 9 month revenue and PAT are up by 14 percent and 10 percent respectively; reflecting inherent strength of the company’s offerings and quality customer service. The new tariff order has put customers at the centre of the business; providing them freedom to make their own choices. As India’s one of the leading MSOs, we expect higher monetisation across the phases and better transparency as a direct fall out of the new order.”

Latest Reads

https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/08/01/hindujasnxtdigital.jpg?itok=cq7c8UOA
NXT Digital does a financial turnaround in FY 2020

MUMBAI: Among the early movers in the cable TV industry, the Hinduja group run - NXT Digital has turned out impressive financials for the financial year 2020. The topline has shown significant growth, it has turned EBIDTA positive and how; the red ink on its bottomline has been replaced by fat...

Cable TV Multi System Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/07/23/Hathway.jpg?itok=xJNa-sb6
Hathway reports higher profits despite lower revenue

The Mukesh Dhirubhai Ambani-controlled MSO and broadband internet services provider Hathway Cable and Datacom Ltd (Hathway) reported consolidated profit after tax (PAT) at Rs 66.06 crore for the quarter ended 30 June 2020.

Cable TV Multi System Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/07/22/tv.jpg?itok=0TPlE6WV
APOS 2020: Why Indian pay TV still holds a lot of potential

Even as the doomsayers have been predicting impending doom for India’s television business and tomtomming the growth of streaming services, Tata Sky CEO Harit Nagpal and IndiaCast Media Distribution Group CEO Anuj Gandhi believe that there’s tremendous scope to grow pay-TV in India.

Cable TV Multi System Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/07/21/den.jpg?itok=bXT5LYcI
Den Networks reports higher profits despite lower revenue in Q1-2021

Indian cable TV and broadband services provider Den Networks Ltd (Den) reported 3.8 percent lower consolidated revenue for the quarter ended 30 June 2020 (Q1 2021, quarter or period under review) as compared to the corresponding year ago quarter (Q1 2020).

Cable TV Multi System Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/07/17/hatway.jpg?itok=wT9pWmhh
GTPL Hathway reports higher subscription revenue, improved numbers for Q1-2021

GTPL Hathway Ltd (GTPL) reported 19.3 percent growth in revenue for the quarter ended 30 June 2020 (Q1-2021, quarter or period under review) and 8.9 percent growth in the operating profit for its cable TV business (CATV business) as compared to the corresponding year ago quarter Q1 2020.

Cable TV Local Cable Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/07/09/dth.jpg?itok=7n3FuKqm
DPOs, consumer data and the art of upselling content

In the age of online content platforms, knowing what consumers want has become the key to customer acquisition and retention. While these platforms have tons of data to woo the target audience, it is tough for traditional players in cable distribution ecosystem, especially multi-system operators,...

Cable TV Multi System Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/07/02/Siti-Network-Limited.jpg?itok=yzx5t7N6
Siti Networks reports improved numbers for FY 2020

The Essel group’s MSO major Siti Networks Limited reported 5.3 percent higher consolidated simple EBIDTA for the year ended 31 March 2020 (FY 2020, year or period under review) as compared to the previous year FY 2019.

Cable TV Local Cable Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/06/30/Siti-Network-Limited.jpg?itok=tb93rJi4
SITI Networks' FY20 Operating EBITDA surges 1.2X Y-o-Y to Rs.3,538 Mn

SITI Networks Limited (BSE: 532795, NSE: SITINET), an Essel Group Company, one of India’s largest Multi-System Operators (MSO), has released its Consolidated Audited Financial Results for Q4 and full year FY20, ending March 31, 2020.

Cable TV Local Cable Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/06/30/mpa.jpg?itok=a3q49hok
MPA announces launch of APOS 2020 Virtual Series

APOS, the defining voice and global platform for the Asia Pacific media, telecoms and entertainment industry, is shifting online in 2020 with two virtual editions on 21-23 July and 1-3 September 2020.

Cable TV Multi System Operators

Sign up for our Newsletter

subscribe for latest stories

* indicates required