GTPL Hathway reports Rs. 1,885mn PAT for FY21, up 145%
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3 months ago 06:39:09am

GTPL Hathway reports Rs. 1,885mn PAT for FY21, up 145%

New Delhi, 20-July-2021, By IBW Team

GTPL Hathway

GTPL Hathway Limited (GTPL), one of India’s leading digital cable TV and broadband service provider, Friday announced consolidated FY 2021revenue (ex-EPC) at Rs. 21,484 million up 21% year-on-year (YoY), while the consolidated Q4 FY’21 (ending March 31, 2021) revenue (ex-EPC) at Rs. 5,991million, up 29% compared to the same period last year.

FY21 PAT stood at Rs. 1,885 million, up 145% YoY and revenues for ISP business during FY’21 stood at Rs. 2,792 million, up by 67% YoY.

According to a statement put out by the company, the Q4FY21 profit after tax (PAT) stood at Rs. 571 million, while FY21EBITDA (incl. EPC) was Rs. 5,724 million signifying a 14% jump YoY.

While the company reduced gross debt by ₹ 693million in FY21, the paying subscribers for FY21stood at 7.5million. GTPL Hathway also added 45,000 net broadband subscribers in Q4FY21 with a total net addition of 2,30,000 broadband subscribers in FY21.

Data consumption per customer stood at 212 GB/month as of March 2021, which was up from 162 GB/month in March 2020; data consumption increased 31% YoY.

Anirudhsinh Jadeja, MD, GTPL Hathway said, “GTPL Hathway consistently delivered on key KPIs, despite lockdown and restrictions in FY21. The highlight of FY21was the growth in subscription revenues for both CATV and Broadband business, strong profitability, net-debt free status, geographical expansion, healthy balance sheet and improved return ratios. We have reduced our gross debt by Rs. 693millionin FY21.Additionally, the Company’s board has recommended to increase the dividend to Rs. 4 per share in FY21. The Company associated with Boman Irani as its Brand Ambassador during Q4FY21. GTPL is gearing up to launch new products and services in FY22, thereby propelling its value-proposition in existing and new markets.”

The company claimed that successful implementation of the New Tariff Order (NTO) in India (mandated by regulator TRAI) has opened avenues for expansion in existing markets and lifted entry barriers in untapped markets as it continues to widen its footprints in existing markets and penetrate newer ones through inorganic routes.

GTPL also said that it was the top digital MSO in India’s western State of Gujarat with 67% market share. The digital cable television services reached 800+ towns across India, in States of Gujarat, West Bengal, Maharashtra, Goa, Bihar, Uttar Pradesh, Assam, Tripura, Meghalaya, Manipur, Jharkhand, Telangana, Rajasthan, Andhra Pradesh and Tamil Nadu.

As on March 31, 2021, the company had approximately 7.5million paying subscribers and 6,35,000 broadband subscribers with a home pass of about 3.87 million.

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