GTPL Hathway posts 10% revenue growth YoY in H1 of FY23
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1 year ago 06:00:34am Television

GTPL Hathway posts 10% revenue growth YoY in H1 of FY23

New Delhi. 17-October-2022, By IBW Team

GTPL Hathway posts 10% revenue growth YoY in H1 of FY23

GTPL Hathway Limited, India’s largest MSO and a leading broadband service provider, on Saturday, while announcing its financial results for the quarter ending September 30, said it has registered 10 percent growth in revenue Y-o-Y during H1 FY23.

Some of the highlights of the are as follows:

  Consolidated Revenue at Rs. 6,620 million, a growth of 10 percent Y-o-Y.

  ISP Revenue at Rs.1,198, increased by 19 percent Y-o-Y.

  PAT of Rs. 459 million, an increase of Rs. 26 million Y-o-Y.

  Digital cable TV subscribers grew by 550k Y-o-Y.

  Broadband subscribers grew by 135k Y-o-Y.

  As on September 30, 2022, total active broadband subscribers stood at 870k with a total home-pass of 5 million Net Debt free company

As far as digital cable TV business goes, consolidated subscription revenue stood at Rs. 2,751 million. The company said it continues to widen its footprint in existing markets and penetrate new markets through both organic and inorganic routes.

As many as 135k broadband subscribers were added, signifying an increase of 18 percent Y-o-Y. Of the five million total home-passes, 75 percent home-passes were available for FTTX conversion.

ARPU for Q2 FY23 for broadband business stood at Rs. 450 per month. Average data consumption per user per month was 300 GB, 33 percent Y-o-Y increase.

Commenting on the results, GTPL Hathway Limited MD Anirudhsinh Jadeja said, “We are proud to have delivered on our key KPIs during H1 FY23 by focusing on our key growth objectives. We remain the largest MSO in India, riding on our quality services and consumer centric products and services.

“We expect to grow our digital cable TV business by aggregating smaller MSOs and, additionally, expanding the broadband penetration to digital cable TV base.

“The broadband segment presents a great opportunity for growth due to consistent increase in demand for wired broadband and increasing data consumption patterns. We aim to capitalize on the immense opportunity for growth and to contribute to the digital growth story of India across rural and urban areas.”

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