Cable TV
GTPL reports higher numbers for Q3 2018
BENGALURU: Indian multi system operator (MSO) and broadband internet services (broadband) provider GTPL Hathway Limited (GTPL) has reported a year-on-year (yoy) growth in standalone as well subsidiary companies revenues, operating profits and net profits for the quarter ended 31 December 2017 (Q3 2018, quarter, quarter under review). GTPL’s broadband internet business – GTPL Broadband is a 100 per cent subsidiary of GTPL. The company owns a 51 percent stake in GTPL Kolkata Cable & Broadband Pariseva Limited (KCBPL).
GTPL standalone
On a standalone basis, GTPL reported 22.7 per cent yoy growth in total revenue for Q3 2018 to Rs 195.50 crore from Rs 159.28 crore. EBITDA including other income in the current quarter was 46.5 per cent higher yoy at Rs 63.44 crore (32.4 per cent margin) as compared to Rs 43.31 crore (27.2 per cent margin). Net profit after tax more than quintupled (5.7 times) yoy in Q3 2018 to Rs 23.74 crore (12.1 per cent margin) from Rs 4.16 crore (2.6 per cent margin).
The company reported 28.8 percent yoy growth in subscription revenue for Q3 2018 at Rs 106.3 crore from Rs 82.5 crore. Placement revenue increased 12.2 per cent yoy in the quarter to Rs 58.7 crore from Rs 52.3 crore. Activation revenue increased 20.8 per cent yoy in Q3 2018 to Rs 18 crore from Rs 14.9 crore.
GTPL says that it has seeded 1.80 lakh (1 crore = 10 crore = 100 lakh) set top boxes and increased CATV digital active subscribers by 1.40 lakh in the current quarter. It says that CATV digital paying subscribers increased by 1.10 lakh to 84.6 lakh in Q3 2018 as compared to 82.8 lakh subscribers in the immediate trailing quarter Q2 2018.
The phase-wise breakup of GTPL’s digital paying subscribers is 5.6 lakh, 16.6 lakh, 20.4 lakh and 24.9 lakh for DAS phases I, II, III and IV respectively. Average revenue per user (ARPU) in Q3 2018 with respect to Q2 2018 has increased by Rs 2 to Rs 51 and by Rs 3 to Rs 61 in phases IV and III respectively; has remained stable at Rs 101 and Rs 96 for DAS phases I and II respectively.
GTPL Broadband
The company says that GTPL Broadband’s total income in Q3 2018 increased 7 per cent yoy to Rs 34.2 crore from Rs 32 crore. EBITDA grew 31 per cent yoy to Rs 10.1 crore from Rs 7.7 crore. PAT increased 9 per cent yoy to Rs 3.9 crore in the current quarter from Rs 3.6 crore.
The company claims that GTPL Broadband has added 12,000 broadband internet subscribers in Q3 2018 as compared to 10,000 in Q2 2018. Its broadband internet subscriber base at the end of Q3 2018 was 2.72 lakh. Broadband internet ARPU in the quarter remained steady at Rs 487 as compared to Q2 2018 and increased from Rs 472 in Q2 2017.
GTPL Kolkata Cable & Broadband Pariseva Limited (KCBPL)
KCBPL’s total income grew 61 per cent yoy to Rs 44.7 crore from Rs 27.8 crore. Subscription CATV revenue increased 69 per cent yoy to Rs 30.3 crore in Q3 2018 from Rs 17.9 crore. Placement revenue in the current quarter grew 12 percent yoy to Rs 7.7 crore from Rs 6.9 crore. Activation revenue in Q3 2018 almost tripled (2.93 times) yoy to Rs 4.7 crore from Rs 1.6 crore.
KCBPL’s EBITDA grew 7.17 times yoy in Q3 2018 to Rs 16 crore from Rs 2.2 crore. The company reported PAT of Rs 2.2 crore in Q3 2018.
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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.
