GTPL Hathway fell 4.16 per cent to Rs 132.35 as the company’s consolidated net profit fell 31.3 per cent to Rs 37.57 crore in quarter three(Q3) financial year (FY)23, compared to Rs 54.65 crore in Q3 FY22.
In the quarter ended 31 December 2022, revenue from operations increased 14.44 per cent year on year to Rs 685.63 crore.
Profit before taxes fell 31 per cent to Rs 53.94 crore in Q3 FY23, from Rs 78.17 crore in Q3 FY22.
During the quarter, total expenses increased by 21.93 per cent year on year to Rs 651.80 crore. Pay channel costs were Rs 370.86 crore, employee benefit expenditures were Rs 37.92 crore and financing costs were Rs 2.46 crore.
EBITDA was Rs 131.4 crore in Q3 FY23, down from Rs 147.2 crore in Q3 FY22, with an EBITDA margin of 18.6 per cent in Q3 FY23, down from 24.1 per cent in Q3 FY22.
Cable TV income rose at Rs 548.13 crore (up 15.63 per cent YoY), while Internet service revenue stood at Rs 124.34 crore (up 17.95 per cent YoY).
As of 31 December 2022, the corporation has 8,95,000 active broadband users and 5.15 million homepass subscribers. The average revenue per user (ARPU) for the broadband sector was Rs 455, a rise of Rs 10 year over year.
According to Anirudhsinh Jadeja, promoter and managing director, the business remains India’s largest MSO and is expanding its pan-India footprint. The company’s broadband business is also growing as predicted, and the company is dedicated to delivering the promised results by the conclusion of the current fiscal year.
To expand its client offerings, the firm has created ‘GTPL Genie+,’ which offers subscriptions to OTT apps in handy packs and tenures. GTPL Genie+ is a B2C product that may be purchased directly by the company’s cable TV or broadband subscribers.
GTPL Hathway is India’s largest multi-system operator (MSO) offering digital cable television services and the country’s sixth largest commercial wireline broadband service provider.