Cable TV
GTPL Hathway declares maiden dividend on higher numbers for FY-17
BENGALURU: Indian multi-system operator GTPL Hathway declared a maiden dividend of ten percent for the year ended 31 March 2017 (FY-17, current year) per equity share of face value of Rs 10. The company was listed on the bourses on 4 July 2017 after the conclusion of a Rs 4,850 initial public offering (IPO) that was oversubscribed by 1.53 times in the third week of June 2017.
GTPL reported 26.5 percent growth in Total Income to Rs 9,417.40 million in FY-17 from Rs 7,442.84 million in FY-16. Net Profit after tax (PAT) increased by more than seven times to Rs 262.42 million in the current fiscal from Rs 36.93 million in the previous year. Total comprehensive income also increased almost seven-fold to Rs 259.79 million from Rs 38.58 million. EBIDTA including other income in FY-17 increased 50.7 percent to Rs 2,077.33 million from Rs 1,595.93 million in the previous fiscal. Earnings per share increased by about 5.5 times in fiscal 2017 to Rs 4.10 from Rs 0.75 in the previous year.
The company in its investor presentation says that cable TV subscription revenue grew 33 percent to Rs 4,494 million in FY-17 as compared to the Rs 3378 million during the previous fiscal. Cable TV Average Revenue per User (ARPU, net of taxes) in phases I, II, III and IV was Rs 100, 95, 54 and 41 respectively. Active set top boxes in FY-17 went up to 5.98 million, while the number of set top boxes seeded until 31 March 2017 was 6.90 million.
Broadband revenue grew 77 percent to Rs 1,288 million from Rs 730 million during the same period. Broadband revenue’s contribution to overall revenue increased 4 percent, and the company says that broadband Broadband revenue grew 77 percent to Rs 1,288 million from Rs 730 million during the same period. Broadband ARPU increased 5.5 percent in FY-17 to Rs 480 from Rs 455 in the previous fiscal. GTPL Hathway claims to have seeded 1.48 million set top boxes in fiscal 2017.
Let us look at the other numbers reported by GTPL Hathway
Total expenses increased 20 percent to Rs 7,013 million in FY-17 from Rs 5,847 million in FY-16. Pay channel cost increased 17 percent to Rs 3,821 million from Rs 3,277 million in the previous fiscal. Bandwidth expense increased 78 percent in FY-17 to Rs 422 million from Rs 237 million in Fy-16.
Employee cost increased 34 percent to Rs 1,084 million from Rs 808 million. Other operating expense reduced 23 percent to Rs 471 million from Rs 612 million. Administrative expense in FY-17 increased 33 percent to Rs 1,215 million from Rs 913 million.
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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.
