GTPL Hathway Limited (GTPL), India’s leading digital cable TV and broadband service provider, Thursday announced the financial results for the second quarter and half year ended on September 30, 2021.

Commenting on the performance, Anirudhsinh Jadeja, Managing Director, GTPL Hathway, said, “GTPL Hathway continues to deliver on key KPIs during H1 FY22. The highlight of H1 FY22 performance was robust subscriber additions & subscription revenues for Broadband business, coupled with strong Balance Sheet and return ratios.

“The company added 1,00,000 net broadband subscribers in H1 FY22. The Balance Sheet remains strong owing to ‘Net Debt Free’ status leading to impressive ROCE and ROE of 33% and 20%, respectively as on 30th September, 2021. With the economy getting back to normalcy led by aggressive vaccination drive, the Company is geared to strengthen its presence in the existing & new markets.”

Key Highlights 

# Consolidated Q2 FY22 revenue (incl. EPC) at ₹6,052 million; up 4% y-o-y

#Consolidated H1 FY22 revenue (incl. EPC) at ₹12,159 million; up 12% y-o-y

# Q2 FY22 ISP Revenue at ₹1,006 million; up by 50% y-o-y

# H1 FY22 at ₹1,924 million; up by 61% y-o-y

# Q2 FY22 EBITDA (incl. EPC) ₹1,448 million; up 4% y-o-y

# Q2 FY22 EBITDA (ex-EPC) ₹1,443 million; up 8% y-o-y

#Q2 FY22 PAT at ₹433 million

# H1 FY22 EBITDA (incl. EPC) ₹2,828 million; up 6% y-o-y

# H1 FY22 EBITDA (ex-EPC) ₹2,805 million; up 8% y-o-y

# H1 FY22 PAT at ₹908 million; up 5% y-o-y

As on H1 FY22, paying subscribers stood at 7.35 million; added 1,00,000 net broadband subscribers in H1 FY22

Business Performance Highlights CATV: Paying subscribers as on September 30, 2021 stood at 7.35 million. GTPL continues to widen its footprint in its existing markets and penetrate into new markets 
through both organic and inorganic route.

Broadband: During H1 FY22, the company added 3,30,000 Home-Pass. Home-Pass as on September 30, 2021 stood at 4.20 million. Added 1,00,000 net broadband subscribers during H1 FY22. Total subscribers as on September 30, 2021 were 7,35,000 of which 2,75,000 are FTTX subscribers. 
The Broadband average revenue per user (ARPU) for Q2 FY22 stood at ₹440; up 2% y-o-y.

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, a press release from the company said.