GTPL Hathway posts strong results in H1 FY23 registering 10% growth in Revenue Y-o-Y

• Consolidated Revenue at ₹ 6,620 Million – a growth of 10% Y-o-Y
• ISP Revenue at ₹ 1,198 elevated by 19% Y-o-Y
• PAT of ₹ 459 Million, a rise of ₹ 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 30^th September 2022, Total lively broadband subscribers stand at 870K with a complete homepass of 5 Million
• Net Debt free firm

AHMEDABAD, India, Oct. 17, 2022 /PRNewswire/ — GTPL Hathway Limited, India’s largest MSO and a number one Broadband Service supplier, introduced its Financial Results for the Quarter & half 12 months ended 30^th September 2022.

Key Consolidated Business & Financial Highlights: Q2 FY23

Business Performance Highlights

Digital Cable TV

• Active subscribers elevated by 550K Y-o-Y
• Consolidated Subscription income at ₹ 2,751 Million
• Standalone Subscription income at ₹ 1,936 Million, up by 3% Y-o-Y
• GTPL continues to widen its footprint in its current markets and penetrating new markets via each natural and inorganic route

Broadband

• 135K broadband subscribers added – a rise of 18% Y-o-Y
• Homepass as on September 30,2022 stood at 5 Million – an addition of 300K in H1 FY23. Of the 5 Million, 75% homepass out there for FTTX conversion
• Average Revenue Per User (ARPU) for Q2 FY23 stood at ₹ 450 per 30 days
• Average information consumption per person per 30 days at 300 GB, 33% Y-o-Y

Commenting on the Results, Mr. Anirudhsinh Jadeja, Managing Director, GTPL Hathway Limited stated, “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 using on our high quality providers and consumer-centric services. We count on to develop our Digital Cable TV business by aggregating smaller MSOs and moreover, increasing the broadband penetration to Digital Cable TV base.

The Broadband section presents a terrific alternative for growth attributable to constant enhance in demand for wired broadband and growing information consumption patterns. We goal to capitalize on the immense alternative for growth and to contribute to the digital growth story of India throughout rural and concrete areas.” 

About GTPL Hathway Limited

GTPL Hathway Limited is India’s largest MSO offering Digital Cable TV providers and is the sixth largest Private Wireline Broadband service supplier in India. The Company is the biggest Digital Cable TV and Wireline Broadband Service Provider in Gujarat & is a number one Digital Cable TV Service supplier in West Bengal. The Company’s Digital Cable TV providers attain 1,300 plus cities throughout India in 19 states together with Gujarat, West Bengal, Maharashtra, Goa, Bihar, Uttar Pradesh, Madhya Pradesh, Jharkhand, Rajasthan, Odisha, Assam, Tripura, Meghalaya, Manipur, Nagaland, Telangana, Andhra Pradesh, Tamil Nadu, and Karnataka. As on September 30, 2022, the Company has roughly 8.60 Million Active Digital Cable TV Subscribers and eight,70,000 Broadband Subscribers and a Broadband homepass of about 5.00 million.

Safe Harbor Statement

Any ahead trying statements about anticipated future occasions, monetary and working results of the Company are primarily based on sure assumptions which the Company doesn’t assure the fulfilment of These statements are topic to dangers and uncertainties Actual results may differ considerably or materially from these expressed or implied Important developments that might have an effect on the Company’s operations embrace a downtrend in the business, international or home or each, important adjustments in political and financial atmosphere in India or key markets overseas, tax legal guidelines, litigation, labour relations, alternate fee fluctuations, technological adjustments, funding and business earnings, money movement projections, curiosity, and different prices The Company doesn’t undertake any obligation to replace ahead trying statements to mirror occasions or circumstances after the date thereof.

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