GTPL Hathway Limited (GTPL), India’s leading digital cable TV and broadband service provider, Thursday announced the financial results for the third quarter and year ended on January 12, 2023.

Commenting on the Results, Anirudhsinh Jadeja – Promoter & Managing Director said, “I take pride in announcing yet another quarter of consistent growth in revenue and subscriber numbers. We continue to be the largest MSO in India and are strengthening our pan-India presence. Our Broadband business also continues to grow as expected, and we are committed to delivering the desired results by the end of the current financial year.

We have recently modified our brand identity to encompass “Entertain” and “Connect” to communicate the wide range of products and services offered by us including entertainment in the form of Digital Cable TV and OTT and connectivity in the form of High-Speed Broadband, as well as new products and services to be launched soon.

To strengthen our customer offerings, we have launched “GTPL Genie+”, which offers subscriptions of OTT applications in convenient packs and tenures. GTPL Genie+ is a B2C product that can be bought by our Cable TV or Broadband customers directly.

Our strategies are aimed at satisfying customer needs with innovative products and consistent services. We constantly evaluate emerging opportunities in the country and aim to play a pivotal role in India’s journey towards complete digitalization.”

Broadcasting & Cable TV company GTPL Hathway announced Q3FY23 results:

Q3FY23:

Launch of “GTPL Genie+”, an OTT Apps’ aggregation product, which offers subscriptions to a wide choice of OTT applications in convenient packs

Increased footprint in 3 new states for Digital Cable TV – Delhi, Haryana, and Uttarakhand

Q3 FY23 Revenue stood at Rs 7,050 million – a growth of 15% YoY; ISP Revenue increased by 18% YoY

Q3 FY23 PAT stood at Rs 376 million

Broadband business subscribers grew by 130K YoY

As on December 31, 2022, Total active broadband subscribers stand at 895K and Homepass stands at 5.15 million

ARPU for broadband business is at Rs 455/- an increase of Rs 10 on a YoY basis