GTPL Hathway Limited (GTPL), India’s leading Digital Cable TV and Broadband Service provider, on Thursday announced the financial results for the third quarter and nine months ended on December 31, 2021, which were approved by its Board of Directors.

Key Highlights:

Consolidated Q3 FY22 revenue (incl. EPC) at ₹6,130 million; Consolidated 9M FY22 revenue (incl. EPC) at ₹18,288 million; up 5% y-o-y

Q3 FY22 ISP Revenue at ₹1,054 million; up by 35% y-o-y; 9M FY22 at ₹2,978 million; up by 51% y-o-y

Q3 FY22 EBITDA (incl. EPC) at ₹1,473 million; Q3 FY22 EBITDA (ex-EPC) ₹1,472 million; Q3 FY22 PAT at ₹546 million; up by 21% y-o-y

9M FY22 EBITDA (incl. EPC) ₹4,301 million; up 3% y-o-y; 9M FY22 EBITDA (ex-EPC) ₹4,277 million; up 6% y-o-y; 9M FY22 PAT at ₹1,454 million; up 11% y-o-y

As on 9M FY22, paying subscribers stood at 7.50 million.

Added 1,30,000 net broadband subscribers in 9M FY22.

Commenting on the performance, Anirudhsinh Jadeja, Managing Director, GTPL Hathway, said in a statement, “The highlight of 9M FY22 performance was CATV business expansion in new states, coupled with robust subscriber additions and subscription revenues for broadband business. On the broadband side, the company is expanding in Gujarat and is penetrating in other states through business partners. GTPL Hathway added 1,30,000 net broadband subscribers in 9M FY22. The Company adheres to follow its strategic roadmap by offering a value proposition to its esteemed consumers and constantly enriching their experience.”

9M FY22 Consolidated Financial Performance Highlights (as per IND AS)

Revenue stood at ₹18,288 million; up 5% y-o-y

Revenue (ex. EPC) at ₹17,945 million; up 16% y-o-y

CATV subscription revenue at ₹8,057 million

Broadband revenue at ₹2,978 million, up 51% y-o-y

EBITDA at ₹4,301 million; up 3% y-o-y; EBITDA (ex. EPC) at ₹4,277 million; up 6% y-o-y; EBITDA margin (ex. EPC) at 23.8%

Finance cost down 42% y-o-y

Profit after tax at ₹1,454 million; up 11% y-o-y

9M FY22 EPC Contract revenue, EBITDA and PBT at ₹344 million, ₹24 million and ₹24 million respectively. Q3 FY22 Consolidated Financial Performance Highlights (as per IND AS)

Revenue stood at ₹6,130 million

Revenue (ex. EPC) at ₹6,110 million; up 9% y-o-y

CATV subscription revenue at ₹2,702 million

Broadband revenue at ₹1,054 million, up 35% y-o-y

EBITDA at ₹1,473 million; EBITDA (ex. EPC) at ₹1,472 million; up 3% y-o-y; EBITDA margin (ex. EPC) at 24.1%

Profit after tax at ₹546 million; up 21% y-o-y

Q3 FY22 EPC Contract revenue, EBITDA and PBT at ₹19 million, ₹1 million and ₹1 million respectively. 9M FY22 Standalone Financial Performance Highlights (as per IND AS)

Revenue at ₹11,702 million

Revenue (ex. EPC) at ₹11,358 million, up 10% y-o-y

CATV subscription revenue at ₹5,601 million

EBITDA at ₹2,449 million; EBITDA (ex. EPC) at ₹2,425 million; up 1% y-o-y; EBITDA margin (ex. EPC) at 21.3%

Profit after tax stood at ₹991 million; up 8% y-o-y Q3 FY22 Standalone Financial Performance Highlights (as per IND AS)

• Revenue at ₹3,881 million
• Revenue (ex. EPC) at ₹3,861 million, up 6% y-o-y
• CATV subscription revenue at ₹1,878 million
• EBITDA at ₹854 million; EBITDA (ex. EPC) at ₹852 million; EBITDA margin (ex. EPC) at 22.1percent.
• Profit after tax stood at ₹354 million; up 30% y-o-y Business Performance Highlights CATV
• Paying subscribers as on December 31, 2021 stood at 7.50 million Page
• GTPL continues to widen its footprint in its existing markets and penetrate into new markets through both organic and inorganic routes.

Broadband

• During 9M FY22, the company added 5,30,000 Home-Pass. Home-Pass as on December 31, 2021 stood at 4.40 million
• Added 1,30,000 net broadband subscribers during 9M FY22. Total subscribers as on December 31, 2021 were 7,65,000 of which 2,90,000 are FTTX subscribers
• The Broadband average revenue per user (ARPU) for Q3 FY22 stood at₹445
• GTPL is in a sweet spot for converting its strong existing CATV subscriber base of 10+ million households into its Broadband subscribers directly or through operators
• Deployed the latest GPON technology for providing high speed and high-volume Broadband services in Gujarat. GTPL plans penetrate to other regions by upgrading to FTTX Solutions