NXTDIGITAL said on Tuesday it has maintained its performance in the first quarter of the current fiscal of 2022-23 with consolidated revenue going up by five percent year-on-year to Rs 279.1 crore, while EBIDTA stood at Rs 54.1 crores, a growth of 6 percent YOY.

Wired subscriber base, including video and broadband, grew by10 percent YOY and the company closed the quarter ending June 2022 at 5.3 million homes connected, against 4.8 million last year.

Significant progress was made by the media group on broadband-over-satellite after post a binding MoU with Thaicom Public Company Ltd.,a leading satellite operator.

NXTDIGITAL Ltd., the media vertical of the global Hinduja Group announced its results for the first quarter of the current financial year FY23, at its Board meeting Tuesday.

The company is India’s premier integrated digital platforms company, with a presence in digital television over cable, satellite (through India’s only Headend-In-The-Sky or HITS service), broadband, content syndication and teleshopping.

NXTDIGITAL has remained focused on rapidly building out digital products and solutions to cater to changing consumer preferences and market dynamics, while continuing to strengthen its customer footprint across the country, it said.

Today, the media group covers over 4,500 pin codes in over 1,500 cities and towns, offering a host of digital products, including digital television, broadband and OTT.

It has expanded its award-winning NXTHUBs to another 40 towns and expects to close Q2 with 100 such NXTHUBs in key markets where connectivity remains a challenge. Its unique integrated product of digital television, broadband and OTT drives customer retention while the aggregator-based “Strategic Alliance Partner” model continues to attract more ISPs to be a part of its broadband vertical.

According to Vynsley Fernandes, Managing Director and CEO of NXTDIGITAL, “Our strategy for this fiscal is to continue to leverage our expanding digital product portfolio, vast national footprint and emerging technologies to drive growth. Our approach is to garner a greater share of the customer wallet across multiple services rather than focusing on ARPU growth of individual product verticals. On the other hand, we are putting our might behind our emerging technologies offerings like broadband-over-satellite as we look to expand our digital services even beyond India.”