Cable TV
GTPL Hathway board moots 10% dividend for fiscal 2018
BENGALURU: The board of directors of Indian multi-system operator and internet service provider GTPL Hathway Limited (GTPL) has mooted dividend of Re 1 or 10 per cent per equity share of face Rs 10 each subject to approval from shareholders for the year ended 31 March 2018 (FY 2018, year or fiscal under review). The outstanding capital of GTPL Hathway as on 31 March 2018 was Rs 112.463 crore.
GTPPL’s consolidated profit after tax (PAT) more than doubled (increased 114.9 per cent) in FY 2018 to Rs 56.40 crore from Rs 26.24 crore in FY 2018. Consolidated total comprehensive income for the year increased 118.3 per cent to Rs 56.72 crore from Rs 25.98 crore. Consolidated operating profit (EBITDA) excluding other income increased 29.6 per cent in FY 2018 to Rs 383.12 crore (35.1 per cent of operating or op revenue) from Rs 295.71 crore (32.6 per cent of op revenue) in the previous fiscal.
GTPL has two segments – cable TV business and internet service. Cable TV business operating result more than quadrupled (increased 302.6 per cent) to Rs 39.65 crore in FY 2018 from Rs 9.85 crore in the previous year. Operating revenue of GTPL’s cable TV business increased 21.7 per cent to Rs 947.87 crore from Rs 778.85 crore.
GTPL’s internet service operating revenue in FY 2018 increased 13 per cent to Rs 143.40 crore from Rs 126.85 crore. Internet service segment’s operating results for fiscal 2018 increased 2.2 per cent in FY 2018 to Rs 16.75 crore from Rs 16.39 crore in the previous year.
Let us look at the other numbers reported by GTPL Hathway
The company’s consolidated total income increased 18.2 per cent during the year under review to Rs 1,113.35 crore from Rs 941.83 crore in the previous year. Consolidated operating revenue for fiscal 2018 at Rs 1,091.27 crore was 20.2 per cent higher than the Rs 907.70 crore for FY 2017. Other income reduced 35.3 per cent in FY 2018 to Rs 22.09 crore from Rs 34.13 crore in FY 2017.
Consolidated total expenditure increased 12.3 per cent during the year under review to Rs 1,009.34 crore from Rs 898.79 crore in FY 2017. Pay channel cost in fiscal 2018 increased 15.3 per cent to Rs 440.61 crore from Rs 382.11 crore in the previous year. Other operational costs increased 1.7 per cent to Rs 90.77 crore from Rs 89.29 crore.
Employee benefits expense in FY 2018 increased 16.3 per cent to Rs 126.12 crore from Rs 108.44 crore in the previous fiscal. Finance costs reduced 32.2 per cent during the year under review to Rs 39.35 crore from Rs 58.08 crore. Other expenses in the period increased 16.5 per cent to Rs 141.42 percent to Rs 121.44 crore in the previous year.
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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.
