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 crore up by three per cent YoY. Broadband revenue was up by 24 per cent YoY at Rs 113.9 crore. It reported a profit after tax (PAT) of Rs 43.3 crore.
GTPL Hathway’s broadband subscribers grew by 29,000 quarter-on-quarter. Its total active broadband subscribers reached 8,45,000 and homepasses reached 4.85 million.
GTPL Hathway managing director Anirudhsinh Jadeja said, “We have been consistent in achieving our goals across all business segments. We are the largest multiple-system operator (MSO) in India and continue our strategy of expansion in new geographies & deeper penetration in our existing markets. The key highlights of Q1 FY23 are stable digital cable TV subscription revenues and growth in subscribers as well as revenues in the broadband business. GTPL has again been listed amongst ‘India’s Top 500 Companies 2022’, the second year in a row, as released by Dun & Bradstreet. We have entered FY23 with a positive outlook for our businesses and confidence in our ability to continue its successful evolution.”