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.
