Cable TV

Siti Networks posts Rs 390.6 crore total revenue for Q3

Subscription revenue stood at Rs 270.6 crore.

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KOLKATA: Multi System Operator Siti Networks Ltd has posted Rs 390.6 crore total revenue for the third quarter. Subscription revenue stood at Rs 270.6 crore for the quarter.

The MSO’s operating EBITDA surged to Rs 63.8 crore. This was achieved through strict control over expenses and operating efficiencies, the company stated in a BAE filing. Its operating EBITDA margin for the quarter moved to 16.3 per cent through control of various cost elements.

Siti Broadband also expanded its footprint to 21 cities during the December quarter, with the net base increasing to 1.9 lakh. Its continuous efforts to improve operational efficiencies through improvement of its systems, processes, and personnel have yielded results. This has resulted in a better and intimate ground connect with its 24,000+ strong distribution network.

"Our close working with our 24,000+ ground distribution partners would stand us in good stead over the coming quarters, focusing on sweating of assets,”

Siti Networks CEO Anil Malhotra added.

In the board meeting held on 5 February, Raj Kumar Gupta has been appointed as an additional director in the category of independent director.

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