Cable TV
Ortel 9M FY17: Cable TV rev grew by 35pc, broadband by 18pc, income by 12pc
MUMBAI: Ortel Communications Limited (Ortel), one of the leading cable television and high speed broadband service providers focused in the Indian states of Odisha, Chhattisgarh, Andhra Pradesh, Telengana, West Bengal and Madhya Pradesh, announced its financial results for the quarter and nine-months ended 31 December, 2016.
Ortel has built a two-way communication network for ‘Triple Play’ services (video, data and voice capabilities) with control and focus over the ‘Last Mile’ network. Ortel has pioneered the primary point cable business model in India by offering digital and analog cable television, broadband and VAS services. It covers an addressable market of close to five million homes.
9M FY2017 performance overview compared with 9M FY2016
• Total Income increased to Rs. 1,590million, from Rs. 1,416 million, up by 12.3%
• EBITDA stood at Rs. 428 million compared to Rs. 519 million
o EBITDA margin came in at 26.9%
• Profit After Tax came in at Rs. 6 million compared to Rs. 92 million
• EPS amounted to Rs. 0.21per share Q3 FY2017 performance overview compared with Q3 FY2016
• Total Income increased to Rs. 518 millionfrom Rs. 502 million, up by 3.2%
• EBITDA stood at Rs. 118 millioncompared to Rs. 187 million
o EBITDA margin came in at 22.8%
• Net Loss stood at Rs. 28 million compared to Net Profit of Rs. 39 million
• EPS amounted to Rs. -0.92per share
Commenting on the performance, Ortel Communications president & CEO Bibhu Prasad Rath said, “Our performance during the quarter was impacted due to a combination of factors which weakened some of our key operating parameters. In spite of this, we have demonstrated a healthy growth in revenues from both Cable TV and Broadband Business on a Y-o-Y basis both for Q3 and 9M FY17. I am also happy to inform that our Business outside Odisha which turned EBIDTA positive last quarter has remained so during this quarter,” he said.
“Overall, we have demonstrated that a strong B2C focused last mile business model in our core market can be profitable and remain confident of replicating the same across newer markets. We continue to believe that this is a sustainable model as we can capture the entire revenue stream across the value chain,” Rath added.
Ortel’s business is broadly divided into cable television services comprising of analog cable television services, digital cable television services including other value added services such as HD services, near video on demand (NVoD), gaming and local content. Other focused business segments include broadband services, leasing of fibre infrastructure and signal uplinking services.
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.
