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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Cable TV
Hathway Cable appoints Gurjeev Singh Kapoor as CEO
Leadership change comes as cable TV faces shrinking subscriber base and modest earnings pressure
MUMBAI: Hathway Cable and Datacom has tapped industry veteran Gurjeev Singh Kapoor as chief executive officer, marking a leadership pivot at a time when India’s cable television business is under mounting strain.
Kapoor will take over from Tavinderjit Singh Panesar, who is set to retire in August after a long innings with the company. Panesar, chief executive since 2023, has held multiple leadership roles at Hathway, including his latest stint beginning in 2022.
Kapoor brings more than three decades of experience in media and entertainment. He most recently led distribution at The Walt Disney Company’s Star India business, now part of JioStar. His career spans television distribution and affiliate partnerships, with stints at Sony Pictures Networks India, Discovery Communications and Zee Entertainment.
Panesar, with over three decades in the industry, has worked across strategic planning, distribution and business development in media, broadcasting and manufacturing. His past associations include ESPN Star Sports, Star India, Apollo Tyres and JK Industries.
The transition lands as the cable sector grapples with structural disruption. Traditional operators are losing ground to streaming platforms, while telecom and broadband players tighten the squeeze with bundled offerings.
An EY report estimates India’s pay-TV base could shrink by a further 30 to 40 million households by 2030, taking the total down to 71 to 81 million. The slide follows a loss of nearly 40 million homes between 2018 and 2024, a contraction that has already wiped out more than 37,000 jobs in the local cable operator ecosystem.
Hathway’s numbers reflect the strain. The company reported a consolidated net profit of Rs 93 crore for FY25, down from Rs 99 crore a year earlier. Revenue inched up to Rs 2,040 crore from Rs 1,981 crore. As of December 2025, it had about 4.7 million cable TV subscribers and roughly 1.02 million broadband users.
Kapoor steps in with a familiar brief but a shrinking playbook. In a market where viewers are cutting cords faster than companies can reinvent them, the new chief executive inherits a business fighting to stay plugged in.
