Cable TV
GTPL Hathway posts Rs 599.1 crore revenue for Q4
KOLKATA: On the back of strong performance in the fourth quarter of FY21, GTPL Hathway has posted Rs 599.1 crore revenue, up 29 per cent year-on-year. The pan-India multi system operator (MSO)’s revenue from operations for the last fiscal has gone up 22 per cent year-on-year to reach Rs 2148.4 crore. It has netted Rs 57.1 crore profit in Q4 compared to 13.8 crore loss in the corresponding period of FY20.
EBITDA stood at Rs 101.16 crore for the quarter ended 31 March 2021, up 32.32 per cent from Rs 76.45 crore in the same quarter a year ago.
GTPL’s cable TV subscription revenue stands at Rs 266.5 crore for the quarter compared to Rs 271.8 crore in Q3. However, CATV subscription revenue has grown by four per cent for FY21, reaching 1071.2 crore.
On the other hand, its broadband revenue has grown five per cent quarter-on-quarter basis to reach Rs 81.7 crore in Q4. While CATV subscription revenue saw only one per cent year-on-year growth for the quarter, broadband business has seen a huge turnaround registering 77 per cent year-on-year spike.
Significantly, the MSO’s overall subscriber base for pay TV universe has remained the same at eight million in FY21 but active broadband subscriber base has increased by 1.5X to reach overall 635K users. Average Revenue Per User (ARPU) has also gone up by 5.5 per cent and stands at Rs 445 at the end of FY 21. The company has added 540K new home passes in the year. In the last quarter, it has added 70K home pass and added 45K broadband subscribers.
“GTPL Hathway consistently delivered on key KPIs, despite lockdown and restrictions in FY21. The highlight of FY21 was the growth in subscription revenues for both CATV and broadband business, strong profitability, net-debt free status, geographical expansion, healthy balance sheet and improved return ratios,” GTPL Hathway managing director Anirudhsinh Jadeja said.
“We have reduced our gross debt by Rs 693 million in FY21. Additionally, the company’s board has recommended to increase the dividend to Rs 4 per share in FY21. The company associated with Boman Irani as its brand ambassador during Q4FY21. GTPL is gearing up to launch new products and services in FY22, thereby propelling its value-proposition in existing and new markets,” he added further.
(All numbers stated here are on consolidated basis unless stated otherwise)
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.
