Cable TV
GTPL Hathway ISP business grew by 50% YoY in Q2 FY22
Mumbai: Digital cable TV and broadband service provider GTPL Hathway’s internet service provider (ISP) business grew by 50 per cent YoY, according to its financial results for Q2 FY2022. The company reported consolidated revenues of Rs 605.2 crore up by four per cent YoY.
The company’s paying subscribers stood at 7.35 million out of which 2,75,000 are FTTX subscribers at the end of H1 FY22. It added 1,00,000 net broadband subscribers in H1 FY22. The broadband average revenue per user (ARPU) for Q2 FY22 stood at Rs 440 which is up by two per cent YoY.
“GTPL is in a sweet spot for converting its strong existing CATV subscriber base of 10+ million households into its broadband subscribers directly or through operators. Deployed the latest GPON technology for providing high-speed and high-volume Broadband services in Gujarat. GTPL plans penetrate to other regions by upgrading to FTTX Solutions,” the company said in a statement.
The company reported H1 2021 revenue at Rs 1215.9 crore an increase of 12 per cent YoY. Its ISP business revenue stood at Rs 100.6 crore for the quarter ended 30 September. The EBIDTA for the quarter stood at Rs 144.8 crore up by four per cent and profit after tax at Rs 43.3 crore.
“GTPL Hathway continues to deliver on key KPIs during H1 FY22. The highlight of H1 FY22 performance was robust subscriber additions and subscription revenues for the broadband business, coupled with strong balance sheet and return ratios,” said GTPL Hathway managing director Anirudhsinh Jadeja. “The balance sheet remains strong owing to ‘Net Debt Free’ status leading to impressive ROCE and ROE of 33 per cent and 20 per cent, respectively as of 30 September. With the economy getting back to normalcy led by aggressive vaccination drive, the company is geared to strengthen its presence in the existing and new markets.”
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.
