Cable TV
GTPL Hathway reports consolidated revenues of Rs 6130 million for Q3 FY22
Mumbai: GTPL Hathway has announced the financial results for the third quarter and nine months ended on 31 December 2021, as approved by its board of directors.
The company’s consolidated Q3 FY22 revenue (incl EPC) stood at Rs 6130 million. Its consolidated 9M FY22 revenue (incl EPC) stood at Rs 18,288 million up by five per cent year-on-year.
The ISP revenue of the company stood at Rs 1054 million up by 35 per cent year-on-year and 9M FY22 IPS revenue stood at Rs 2978 up by 51 per cent year-on-year. The CATV subscription revenues for the company stood at Rs 2702 million.
The company’s EBIDTA (incl. EPC) stood at Rs 1473 million and ex-EPC stood at Rs 1472 million. Its profit after tax (PAT) stood at Rs 546 million up by 21 per cent year-on-year.
The company’s 9M FY22 EBIDTA (incl. EPC) stood at Rs 4301 million up by 3 per cent year-on-year and 9M FY22 EBIDTA (ex-EPC) stood at Rs 4277 million up by six per cent year-on-year. Its 9M FY22 PAT stood at Rs 1454 million up by 11 per cent year-on-year.
At the end of nine months, the company added 5,30,000 home-pass customers and 1,30,000 net broadband subscribers.
The company reported 7.5 million paying subscribers at the end of 31 December 2022 out of which 4.40 million were home-pass customers, 7,65,000 were total broadband subscribers out of which 2,90,000 are FTTX subscribers. The company’s broadband average revenue per user (ARPU) stood at Rs 445 at the end of December.
“The highlight of 9M FY22 performance was CATV business expansion in new states coupled with robust subscriber additions and subscription revenues for broadband business,” said GTPL Hathway managing director Anirudhsingh Jadeja. “On the broadband side, the company is expanding in Gujarat and is penetrating in other states through business partners. GTPL Hathway added 1,30,000 net broadband subscribers in 9M FY22. The company adheres to follow its strategic roadmap by offering a value proposition to its esteemed consumers and constantly enrich their experience.”
MUMBAI: When margins wobble, liquidity talks and in Q3 FY25-26, cash did most of the talking. Den Networks Limited closed the December quarter with consolidated revenue of Rs.251 crore, marginally higher than the previous quarter but down 4 per cent year-on-year, even as profitability stayed resilient on the back of strong cash reserves and disciplined cost control.
Subscription income softened to Rs.98 crore, slipping 3 per cent sequentially and 14 per cent from last year, while placement and marketing income offered some cheer, rising 15 per cent quarter-on-quarter to Rs.148 crore. Total costs climbed faster than revenue, up 7 per cent QoQ to Rs.238 crore, driven largely by higher content costs and operating expenses. As a result, EBITDA dropped sharply to Rs.13 crore from Rs.19 crore in Q2 and Rs.28 crore a year ago, pulling margins down to 5 per cent.
Yet, the bottom line refused to blink. Profit after tax stood at Rs.40 crore, up 15 per cent sequentially and only marginally lower than last year’s Rs.42 crore. A healthy Rs.57 crore in other income helped cushion operating pressure, keeping profit before tax at Rs.48 crore, broadly stable quarter-on-quarter despite the tougher cost environment.
The real headline-grabber, however, sits on the balance sheet. The company remains debt-free, with cash and cash equivalents swelling to Rs.3,279 crore as of December 31, 2025. Net worth rose to Rs.3,748 crore, while online collections accounted for 97 per cent of total receipts, underscoring strong cash discipline across operations, including subsidiaries.
In short, while Q3 showed signs of operating strain, the financial backbone remains solid. With zero gross debt, steady profits and a formidable cash war chest, the company enters the next quarter with flexibility firmly on its side proving that in uncertain markets, balance sheet strength can be the best growth strategy.
