Cable TV
GTPL Hathway posts consolidated revenue of Rs 4,470 mn in Q2 2020
MUMBAI: Gujarat-based multi system operator (MSO) GTPL Hathway has posted consolidated revenue of Rs 4,470 million (ex EPC contract) for the quarter ended 30 September, which increased 41 per cent year-over-year. While the cable TV subscription revenue stood at Rs 2,608 million, broadband revenue stood at Rs 398 million.
The company posted a consolidated net profit (ex EPC contract) of Rs 195 million for the quarter and the EBITDA increased 5 per cent to Rs 1,156 million . Subscription revenue reached Rs 2,608 million, up 47 per cent year-over-year.
“GTPL continued to demonstrate superior business and financial performance in the second quarter of FY20. GTPL’s cutting edge technology allows us to expand our CATV business in other regions without any major CAPEX. Our robust cash flow will not only support our capital expenditure plan that is required but also will help us in reducing our debts,” GTPL Hathway MD Anirudhsinhji Jadeja commented on the performance.
GTPL Hathway seeded 200,000 STBs during the second quarter FY20, taking total seeded STBs as on 30 September to 9.90 million. Digital paying subscribers as on 30 September 2019 stood at 7.25 million, increased by 150,000.
During Q2 FY20, the company added 260,000 home pass taking it to total 2.92 million as of 30 September. The MSO added 15,000 net broadband subscribers during Q2 and 11,000 FTTX subscribers while the broadband average revenue per user (ARPU) for Q2 FY20 was maintained at Rs 415.
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.
