Cable TV

NXTDigital posts strong Q2 results

The company has been able to maintain its subscriber base.

https://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2020/11/13/nxt.jpg?itok=ihqXbn3t

NEW DELHI: NXTDigital has posted a year-on-year EBITDA growth of 15.8 per cent at Rs 50.7 crores for the second quarter, an improvement of 2.7 per cent over the previous quarter.

While revenues remained stable despite the impact of the Covid2019 pandemic, the company posted an EBIDTA of Rs 102.1 crores for the half year ended 30 September 2020, a growth of 8.7 per cent over the corresponding period of the previous year. By laying greater focus on operational efficiency rather than pure revenue growth at the cost of profitability, it was able to improve EBIDTA margins to 21.7 per cent for the half year, compared to 19.2 per cent in the corresponding period of the previous year.

NXTDigital has not only been able to maintain its subscriber base but grow its video and data businesses, in spite of the serious negative sentiments of the pandemic. The company has maintained its collection efficiency of over 99.5 per cent under its prepaid collection model.

The board has designated Vynsley Fernandes as media group chief executive officer of NXTDigital with oversight of all the media businesses of the group encompassing cable TV, HITS and broadband. He will be responsible for leading the overall business and operations of the group as it continues to expand across the media spectrum.

With NXTDigital being the only HITS platform in the country, it’s expected to get a boost from  the sharing of HITS infrastructure with other Multi-System Operators (MSOs) across the country, as recently notified by the ministry of information & broadcasting. The potential for infrastructure sharing or managed services stands at over 69 million cable TV households today – comprising smaller independent and regional MSOs.

NXTDigital CEO Vynsley Fernandes said “The focus in Q2 was to lay greater emphasis on operational efficiency, rather than pure revenue growth at the cost of profitability. Our strategy was to continue enhancing customer engagement whilst rolling out innovative solutions and driving cross-selling relentlessly. The result is manifested in our key performance indices – where not only has our EBIDTA grown both year-on-year and quarter-on-quarter; but has also seen growth in margins.”

Going forward, NXTDigital will continue to focus on consolidating and growing its serviced subscriber base, expected to cross 10 million; including onboarding of more than 5 million of managed services customers. It will also continue to drive cross-selling of digital video, broadband and value-added services whilst offering innovative bundled products and packages in diverse geographies.

The company will also roll out its NXTCONNECT device, which is a single device for customers to access live television channels, OTT content, social and other apps, games & much more, to commemorate the festival season. The launch will be coupled with the rollout of NXTGO, an innovative dongle-type device that can be plugged into an OTT set top box or an Android-based television and provide immediate access to live television channels securely. 

Latest Reads

https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/07/20/photogrid_plus_1626785199704.jpg?itok=R048a_NR
GTPL Hathway records standalone net profit of Rs 30.5 cr in Q1 FY22

New Delhi: Cable TV and broadband service provider GTPL Hathway Limited (GTPL) has clocked a standalone net profit of Rs 30.5 crore for the quarter ended 30 June.

Cable TV Multi System Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/06/22/photogrid_plus_1624359330309.jpg?itok=XUX6eSDu
TCCL implements ATEME's Titan Live solution for its cable TV platform

Mumbai: ATEME on Tuesday announced that Thamizhaga Cable TV Communication Pvt Ltd (TCCL), one of the largest cable distribution companies in India, has chosen to implement its TITAN Live solution for their cable TV platform.

Cable TV Multi System Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/06/14/covid.jpg?itok=U3NG28BO
Cable operators take steps to ease vaccination process for staff

Despite the imminent health risks, the cable industry employees have continued to work on the frontlines all through the pandemic. Now with vaccination drives in full swing across the country, leading cable operators, too, are taking a step ahead and getting their employees inoculated.

Cable TV Local Cable Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/06/02/lion.jpg?itok=Mkkxli9P
Make in India push for set-top boxes face challenges

Last year it made headlines when large DTH players including Tata Sky, Dish TV announced their decision to move manufacturing of a significant portion of set-top boxes (STBs) in India. The announcements were in line with the government’s renewed push for Make in India.

Cable TV Local Cable Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/05/28/photogrid_plus_1622202521753.jpg?itok=y08KzcS4
Cable industry veteran Lt Col VC Khare passes away

KOLKATA: Cable TV expert, retired Lt.Col VC Khare has passed away. He contributed to the cable TV industry in India at different roles for nearly three decades. He was a member of the Bureau of Indian Standards (BIS) where he played a significant role in formulating 8 BIS Specification for cable TV...

Cable TV People
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/05/28/scte.jpg?itok=MwjNRr76
SCTE India announces its new executive board for the term 2021-2024

New Delhi: The Society of Cable Telecommunication Engineers (SCTE), India has appointed NXTDIGITAL Limited MD and CEO, Vynsley Fernandes as the honorary chairman, Sandeep Bhargava as the president, and Rahul Nehra as the national secretary. The announcement was made at the recently held annual...

Cable TV People
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/05/28/gtpl.jpg?itok=WjizDO6I
GTPL KCBPL partner with UKIO, spread smiles

GTPL KCBPL has partnered with UKIO to spread smiles during these difficult times and expand their product offering. UKIO is a personalised messaging platform that allows users to share video call messages with their loved ones via their favourite celebrity icons.

Cable TV Local Cable Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/05/15/nxtdigital-800.jpg?itok=RqpFCVPF
NXTDigital turns around its business with Rs 13.66 crore profit in Q4

KOLKATA: NXTDigital has turned its business profitable by raking in Rs 13.66 crore profit after tax (PAT) for the fourth quarter. The company has reported Rs 277.96 crore consolidated revenue for the quarter. It posted Rs 0.32 crore PAT in the previous quarter and a loss after tax of Rs 43.43 crore...

Cable TV Multi System Operators
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2021/05/11/gtpl.jpg?itok=5n9qVSq-
GTPL Hathway earmarks Rs 400 crore capex for FY22

Pan India multi-system operator (MSO) GTPL Hathway is increasing its capex projection for FY22 to Rs 400 crore, compared to Rs 335 crore it invested in FY21, a top executive revealed in an investors call.

Cable TV Local Cable Operators

Sign up for our Newsletter

subscribe for latest stories

* indicates required