Cable TV
GTPL cable TV business revenue up in second quarter
BENGALURU: Indian multi-system operator and internet service provider GTPL Hathway Ltd (GTPL) reported 13.8 percent increase in total income for the quarter ended 30 September 2018 (Q2 2019, quarter or period under review) as compared to the corresponding year ago quarter (y-o-y) Q2 2018. GTPL’s Total Income in Q1 2019 was Rs 317.40 crore, for the corresponding year ago quarter it was Rs 278.88 crore.
GTPL has two segments – cable TV business and internet service. Cable TV business operating result increased 82.1 percent y-o-y to Rs 15.99 crore in Q2 2019 from Rs 8.78 crore in the corresponding quarter of the previous year. Operating revenue of GTPL’s cable TV business increased 15.6 percent y-o-y to Rs 276.69 crore from Rs 239.32 crore.
GTPL’s unternet service operating revenue in Q2 2019 was almost flat – it increased 0.3 percent y-o-y to Rs 35.75 crore from Rs 35.64 crore. Internet service segment’s operating results for Q2 2019 declined by 99.6 percent y-o-y to just Rs 0.01 crore from Rs 3.67 crore in the corresponding quarter of the previous year.
GTPL’s consolidated profit after tax (PAT) increased 28.5 percent y-o-y in Q2 2019 to Rs 16.01 crore from Rs 12.45 crore in Q2 2018. Consolidated total comprehensive income for the period increased 33.8 percent y-o-y to Rs 16.79 crore from Rs 12.55 crore. Consolidated operating profit (EBITDA) excluding other income increased 11.5 percent y-o-y in Q2 2019 to Rs 85.20 crore (27.3 percent of operating or op revenue) from Rs 76.39 crore (27.8 percent of op revenue) in the corresponding quarter of the previous fiscal.
Let us look at the other numbers reported by GTPL Hathway
Consolidated total expenditure increased 15.7 percent y-o-y during the quarter under review to Rs 294.74 crore from Rs 254.81 crore in Q2 2018. Pay channel cost in Q2 2019 increased 20.4 percent y-o-y to Rs 132.33 crore from Rs 109.89 crore in the corresponding quarter of the previous year. Other operational costs reduced 10.6 percent y-o-y in Q2 2019 to Rs 20.98 crore from Rs 23.46 crore in Q2 2018.
Employee benefits expense in Q2 2019 increased 9.5 percent y-o-y to Rs 35.81 crore from Rs 32.70 crore in the corresponding quarter of the previous fiscal. Finance costs increased 68.8 percent y-o-y during the quarter under review to Rs 17.91 crore from Rs 10.61 crore. Other expenses in the period increased 17.2 percent y-o-y to Rs 38.12 percent in Q2 2019 from Rs 32.52 crore in the corresponding quarter of the previous year.
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.
