GTPL Hathway Limited, India’s largest Digital Cable TV service provider and a leading Broadband service provider, announced robust financial results for Q3 FY24 ending December 31, 2023.

Financial Highlights:

Q3 FY24 revenue reached ₹8,607 million, marking a 9% Q-o-Q and 22% Y-o-Y growth.
Subscription Revenue increased by 1% Q-o-Q and 17% Y-o-Y.
Q3 FY24 EBITDA stood at ₹1,305 million.
Profit After Tax for Q3 FY24 reached ₹238 million.
Business Performance Highlights:

Onboarded celebrities Kartik Aaryan and Rashmika Mandanna as brand ambassadors.
Launched a 360-degree campaign “#AbKeZamaneKaConnection” across Print, TV, OOH, and Digital media.

Digital Cable TV:

Active subscribers increased by 500K Y-o-Y.
Subscription revenue increased by 1% Q-o-Q and 17% Y-o-Y.
Revenue from Cable TV grew by 21% Y-o-Y & 4.2% Q-o-Q.
Broadband:

Broadband subscribers increased by 110K, a 12% Y-o-Y growth.
Homepass as of December 31, 2023, stood at 5.60 million, with 75% available for FTTX conversion.
Broadband ARPU stood at ₹460 per month per subscriber.
Average data consumption per user per month increased by 11% Y-o-Y, reaching 345 GB.

Comment from Anirudhsinh Jadeja – Managing Director, GTPL Hathway Limited, said, “Q3 FY24 was memorable for us as a team as we hit the unique milestone of reaching 1 Million Active Subscribers in our Broadband Division. We foresee tremendous growth opportunities in this division overall as more homes get access to wired broadband. In the Digital Cable TV business, we continue to evaluate new opportunities while strengthening our presence in our existing markets.”