GTPL-Hathway combined, b’band revenues up Q1 ’22
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GTPL-Hathway combined, b’band revenues up Q1 ’22

New Delhi, 14-January-2022, By IBW Team

GTPL Hathway 9-month FY22 revenue Rs. 18,288 mn

Ahmedabad-based GTPL Hathway Limited (GTPL), a leading digital cable TV and broadband service provider, Monday said

consolidated Q1 FY22 revenue stood at Rs. 6,106 million, up by 22 percent YoY, while broadband revenues clocked Rs. 918 million, up by 74 percent YoY.

The company also said in a statement that PAT stood at Rs. 475 million, up 16 percent YoY, while debt was reduced by Rs.168 million in Q1 FY22.

Paying subscribers stood at 7.30 million, while during the period under review, the company added 55,000 broadband subscribers. The cable TV subscription revenue stood at Rs. 1,837 million.

Pointing out that the company continues to widen its footprint in its existing markets, while penetrating new markets 
through inorganic routes, it said 2,30,000 home-pass were added. Home-pass as on June 30, 2021 stood at 4.10 million.

Total broadband subscribers as on June 30, 2021 were 6,90,000 of which 2,50,000 are FTTX subscribers. The broadband average revenue per user (ARPU) for Q1 FY22 stood at Rs. 440, up 4 percent YoY.

Commenting on the performance, Anirudhsinh Jadeja, MD, GTPL Hathway said, “GTPL Hathway continued to deliver on key KPIs during Q1 FY22. The highlight of the quarter was robust subscriber additions & subscription revenues for Broadband business, strong profitability and debt repayment. GTPL has further reduced its debt by Rs. 168 million in Q1 FY22. GTPL will continue to march forward on its stated strategic roadmap by coming up with interesting new products and services, enhancing customer experience, strengthening its digital infrastructure capabilities, and accelerating its footprint in the existing & new markets.”

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