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Published on: Tuesday, 16 April 2024 ● 4 Min Read
AHMEDABAD, India, April 16, 2024 -- GTPL Hathway Limited, India's largest Digital Cable TV Service Provider and a leading Broadband Service provider, announced its Financial Results for the Quarter and Financial Year ending March 31, 2024
Key Financial Highlights:
Key Consolidated Business & Financial Highlights: FY24 (Y-o-Y Annual)
Particulars (₹ in Mn) | Q4 FY24 | Q4FY23 | Y-o-Y | FY24 | FY23 | Annual |
Digital Cable TV Revenue | 3,148 | 2,753 | 14 % | 12,604 | 11,005 | 15 % |
Broadband Revenue | 1,308 | 1,246 | 5 % | 5,268 | 4,826 | 9 % |
TOTAL Revenue | 8,148 | 7,017 | 16 % | 32,460 | 27,140 | 20 % |
EBITDA | 1,198 | 1,112 | 8 % | 5,111 | 5,163 | -1 % |
EBITDA Margin (%) | 14.7 % | 15.9 % | 15.7 % | 19.0 % | ||
Operating EBITDA*(%) | 23 % | 23 % | 24 % | 26 % | ||
Profit After Tax | 128 | -124 | 1,069 | 1,145 |
*Operating EBITDA (%) = (EBITDA net of Activation & Other income) / (Subscription+ ISP + Other Operating income)
Business Performance Highlights (Quarter & Year-end)
Digital Cable TV
Broadband
Commenting on the Results, Mr. Anirudhsinh Jadeja – Managing Director, GTPL Hathway Limited said,
"At the close of the financial year, we reflect on our achievements with a renewed sense of purpose. We have strengthened our position as India's leading MSO gaining half a million active subscribers in Digital Cable TV and crossing the landmark of one million active subscribers in Broadband. We anticipate sustained growth in the Digital Cable TV sector, encouraged by market shifts favoring larger, organized MSOs like ours. The Broadband segment is also poised for even greater expansion in the coming year, driven by the increasing digital needs of consumers who seek dependable wired connectivity.
Our long-term strategy involves bundling of all existing verticals along with add-ons of TV Everywhere, Gaming and other services to provide a holistic, comprehensive solution to our customer's media consumption needs. Our goal is to deeply embed ourselves in our customers' lives, positioning our brand as a service provider that seamlessly combines the best of entertainment and connectivity."
About GTPL Hathway Limited
GTPL Hathway Limited is India's largest MSO providing Digital Cable TV services and is one of the largest Private Wireline Broadband service provider in India. The Company is the largest Digital Cable TV and Wireline Broadband Service Provider in Gujarat & is a leading Digital Cable TV Service provider in West Bengal. The Company's Digital Cable TV services reach 1,500 plus towns across India in 23 states. The company enjoys an expansive network, comprising over 42,000+ business partners, 200+ broadcasters, 1,750+ enterprise clientele, and active participation in 30+ Government projects. The company offers an enviable catalogue of 940+ Total TV Channels of which more than 50 channels are GTPL Owned & Operated Platform Services. As on March 31, 2024, the Company has approximately 9.5 Mn Active Digital Cable TV Subscribers and 1.0 Mn Broadband Subscribers and a Broadband Homepass of about 5.80 Mn.
Safe Harbor
Any forward-looking statements about expected future events, financial and operating results of the Company are based on certain assumptions which the Company does not guarantee the fulfilment of. These statements are subject to risks and uncertainties. Actual results might differ substantially or materially from those expressed or implied. Important developments that could affect the Company's operations include a downtrend in the industry, global or domestic or both, significant changes in political and economic environment in India or key markets abroad, tax laws, litigation, labor relations, exchange rate fluctuations, technological changes, investment and business income, cash flow projections, interest, and other costs. The Company does not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date thereof.
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