Cable TV

GTPL Hathway closes FY22 as largest MSO; revenue at Rs 24,154 million

The company reported 7.80 million cable TV subscriptions as of 31 March.

https://indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2022/04/09/img_09042022_132334_800_x_800_pixel.jpg?itok=ZI2D1cwT

Mumbai: GTPL Hathway witnessed revenue growth (excluding EPC) of 12 per cent year-on-year (YoY) at Rs 24,154 million. The profit after tax grew by six per cent YoY at Rs 2,006 million, according to the company's financial results for the year FY22 shared on Friday. 

It ended the year by adding 400K cable TV subscriptions and 181K broadband subscribers.

The company’s digital cable TV revenue increased marginally by 0.4 per cent to Rs 10,753 million. Total paying subscribers as of 31 March stood at 7.80 million. GTPL Hathway expanded cable TV operations in five additional states in FY22. It also launched a new product ‘GTPL Genie’ which is an Android TV-based hybrid set-top-box with attractive subscription bundles.

The company’s broadband revenue growth for FY22 was 46 per cent to reach Rs 4,075 million. Total broadband subscribers increased by 29 per cent to reach 816K out of which 360K are FTTX subscribers. In FY212, the company added 830K home-pass. Home-pass as of 31 March stood at 4.70 million.

GTPL Hathway Limited reported fourth-quarter revenues of Rs 6,209 million and profit after tax of Rs 552 million. Broadband revenue stood at Rs 1,098 million and digital cable TV revenue at Rs 2,695 million. The average revenue per user (ARPU) for Q4 FY22 stood at Rs 450.

“We are proud to announce another year of consistent performance across all business segments,” said GTPL Hathway managing director Anirudhsinh Jadeja. “GTPL is now the largest MSO in the country, continues to be the largest MSO and broadband player in Gujarat, and has a significant presence in all other markets.”

“We continued to deliver on our KPIs and grew by expanding in new geographies as well as penetrating deeper into existing markets. The key highlights of FY22 are stable subscription revenues, profitability and return ratios with a healthy balance sheet. The Company’s Board has recommended a dividend of Rs four per share for FY22,” he added.

“The launch of GTPL Genie is a path-breaking initiative bringing subscriptions of bundled Live TV and OTT applications at competitive prices to our consumers. We are committed to delivering value to all our stakeholders with adept and prudent financial practices,” Jadeja further stated.

Latest Reads

https://indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2022/07/22/hathway.jpg?itok=9Igtn9Xm
Hathway Cable and Datacom Q1 FY23 revenues at Rs 447.2 crore

Mumbai: Hathway Cable and Datacom on Friday reported its first quarter results for the financial year FY23. The company reported gross revenue of Rs 447.2 crore and earnings before interest, tax, depreciation and amortisation (Ebitda) of Rs 102.6 crore. The company reported profit after tax of Rs...

Cable TV Local Cable Operators
https://indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2022/07/15/gtpl.jpg?itok=o4616v5F
GTPL Hathway Q1 FY23 consolidated revenues up 10 per cent YoY at Rs 645.4 crore

Mumbai: Digital cable TV and broadband company GTPL Hathway announced its financial results for the first quarter of FY2023 on Thursday. The company reported consolidated revenue of Rs 645.4 crore a growth of 10 per cent year-on-year (YoY). The company reported subscription revenue of Rs 272.7...

Cable TV Local Cable Operators
https://indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2022/07/05/ib.jpg?itok=LS3e0aZz
MIB revokes 12 and grants 6 MSO licenses between April & July

The ministry of information and broadcasting has granted six new licenses to multi-system operators (MSOs) between 21 April to 4 July and cancelled 12 licenses between April and 4 July. The total number of registered MSOs stood at 1753.

Cable TV Multi System Operators
https://indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2022/06/10/anirudhsinh_jadeja.jpg?itok=e0VCxqsY
GTPL Hathway reappoints Anirudhsinh Jadeja as a MD for three years

GTPL Hathway has reappointed Anirudhsinh Jadeja as managing director for three years, at its 16th annual general meeting held on Friday.

Cable TV People
https://indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2022/06/06/ranjan-gupta.jpg?itok=qJ0PE9AA
FY 2022-23 will be a transformational year for the company: Hathway Cable & Datacom MD Rajan Gupta

On building a profitable business, Hathway Cable and Datacom managing director Rajan Gupta stated that he believes FY 2022–23 will be a transformational year for the company.

Cable TV Local Cable Operators
https://indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2022/05/18/nxtdigital.png?itok=TYkKADja
Nxtdigital records revenue of Rs 1152.19 crore for FY22

Nxtdigital Ltd on Wednesday announced the results for financial year 2022. The media and communications company recorded revenue of Rs 1,152.19 crore for the year ending 31 March, registering a growth of 14.3 per cent year-on-year.

Cable TV Multi System Operators
https://indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2022/05/02/mib-800.jpg?itok=GTi_Cgo0
MIB cancels three MSO licenses in April

Mumbai: The ministry of information and broadcasting (MIB) reported that there are 1761 registered multi-system operators (MSOs) as of 30 April compared to 1763 registered MSOs on 22 March. The ministry granted one new license, cancelled three licenses and rejected two applications for license in...

Cable TV Multi System Operators
https://indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2022/04/17/gtpl-hathway.jpg?itok=XvCu0d07
GTPL Hathway to maintain FY22 revenue and EBIDTA growth in FY23

GTPL Hathway saw 12 per cent growth in revenues at Rs 24,154 million and four per cent increase in EBITDA (earnings before interest, tax, depreciation and amortisation) to Rs 5,677 million year-on-year in FY22. The company expects to maintain this growth rate for the current financial year i.e.,...

Cable TV Local Cable Operators
https://indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2022/04/16/hathway.jpg?itok=aXXLaUJl
Hathway Cable and Datacom reports revenue of Rs 1,793 crore in FY22

Mumbai: Hathway Cable and Datacom Ltd reported gross revenue of Rs 1,793 crore in FY22 an increase of four per cent over FY21. Its broadband revenue stood at Rs 621.9 crore while CATV revenue stood at Rs 1171.1 crore for the financial year. The company reported profit after tax of Rs 130.4 crore a...

Cable TV Local Cable Operators