ITV

Tag: broadband revenue

  • Hathway’s Q3 FY25: A drama of numbers, some cheers, and a few tears

    Hathway’s Q3 FY25: A drama of numbers, some cheers, and a few tears

    MUMBAI: Numbers don’t lie, but boy, do they tell a rollercoaster of a story!

    Hathway Cable and Datacom’s Q3 FY25 financial results are in, and while there’s some sizzle, there’s also some fizzle.

    Let’s dive in, shall we?

    For the quarter ending 31 December 2024, Hathway flexed a total income of Rs 532.13 crore. It’s a whisker down from last quarter’s Rs 543.25 crore but ekes out a win compared to last year’s Rs 535.33 crore.

    Revenue from operations? Rs 511.15 crore. Not too shabby, but hey, it’s no jackpot either. Meanwhile, other income decided to take a nap, dropping to Rs 20.98 crore from Rs 30.52 crore in the previous quarter.

    For the nine-month stretch, Hathway managed to pull in a total of Rs 1,599.75 crore, a teeny-tiny uptick from last year’s Rs 1,585.32 crore.

    Here’s where things get interesting.

    Consolidated profit before tax (PBT) took a nosedive to Rs 19.07 crore. Compare that to Q2’s Rs 39.88 crore and last year’s Rs 30.75 crore, and you’ll understand why we’re clutching our calculators in dismay. Rising pay channel costs (Rs 249.29 crore, up from Rs 244.47 crore) and higher depreciation expenses (Rs 86.98 crore, up from Rs 80.79 crore) clearly didn’t help.

    Net profit for Q3 landed at Rs 13.54 crore, a far cry from the prior quarter’s Rs 25.78 crore and even last year’s Rs 22.35 crore. For the nine months, net profit dropped to Rs 57.74 crore from Rs 64.72 crore. Ouch.

    Broadband vs Cable

    1    Broadband Business: Revenue dipped to Rs 149.99 crore, down from Rs 151.59 crore last quarter and Rs 155.60 crore last year. Let’s just say the internet’s not as hot as we’d like it to be.

    2    Cable Television: Revenue held its ground at Rs 345.79 crore, a hair better than last quarter’s Rs 344.01 crore. But losses in this segment widened to Rs 16.55 crore. Maybe it’s time for some reruns of “How to Cut Costs 101”?

    The numbers tell us Hathway is juggling rising costs and a competitive market. Yet, the story isn’t all doom and gloom. Total income is up year-on-year, proving the brand has staying power. Now it just needs to flex those operational muscles a bit more.

    Hathway’s next episodes will need to feature a blend of strategic moves and bold actions to maintain its plot as a major player in India’s digital landscape.

    Can they level up their game while keeping the balance sheet in check? Stay tuned and watch how the story unfolds!

  • Hathway Cable reports gross revenues of Rs 455 cr for Q3 FY22

    Hathway Cable reports gross revenues of Rs 455 cr for Q3 FY22

    Mumbai: Hathway Cable and Datacom Ltd posted its third-quarter financial results for FY 2022. The company reported its gross revenue at Rs 455 crore an improvement of three per cent year-on-year.

    The company saw broadband revenue of Rs 154.9 crore and cable TV (CATV) revenue of Rs 300.1 crore. It posted EBITDA of Rs 122.7 crore and EBITDA margin at 27 per cent.

    CATV business

    In the last two years, the company has created an extensive incremental infrastructure for market share gain with focus on Southern and Eastern states. “We have connected over 250 new locations with IP links and added 3,000 KMs of fiber network,” it said in a statement.

    The company has piloted a new generation of HD set-top boxes that allow the casting of OTT apps. Hathway Cable TV customers can now access OTT content without any need to buy an additional box. It also piloted a TV plug using which it can provide reliable last mile cable TV connectivity from a mobile tower network. The company has a presence in more than 109 cities and major towns with 5.5 million STBs deployed and 46,000 kms of the fiber cable network.

    ISP business

    The company saw strong FTTH customers acquisition during Q3 FY 22 with net additions of 24,000 FTTH customers. FTTH consumers now account for up to 65 per cent of overall ISP consumers and 70 per cent of ISP revenue.

    The company has 1.08 million broadband subscribers and sees an average consumption of 223 Gb. It has completed next-generation Docsis upgradation in all cities resulting in 70 per cent decline in Docsis speed complaints and 64 per cent of Docsis consumers have been upgraded to 100 mbps speed plans. The company has 76 per cent redundancy in FTTH PON ports up to the splitter level achieved as of December 2021. It saw an average of a single complaint per year per consumer regarding any FTTH service issue. FTTH capacity has been augmented to accommodate 1.2 lakh consumers.

  • Siti Q2-17 numbers up on higher restated subscription revenues

    Siti Q2-17 numbers up on higher restated subscription revenues

    BENGALURU: The Subhash Chandra led Siti Networks Limited (Siti) formerly known as Siti Cable Network Limited, reported 23.6 percent and 2.9 percent year-over-year (y-o-y) growth in operating revenue and EBIDTA including other income for the quarter ended 30 September 2106 (Q2-17, current quarter). The growth in revenue was led by a 33.3 percent y-o-y growth in restated subscription revenue on net billing basis of Rs 135.3 crore (46.8 percent of Total Income from Operations or TIO) as compared to Rs 101.5 crore (43.4 percent of TIO) reported for the corresponding year ago quarter.

    However, reported subscription revenue as per published financials in the current quarter increased by just 0.9 percent y-o-y to Rs 139.7 crore (48.3 percent of TIO) from Rs 138.5 crore (59.2 percent of TIO) in the corresponding year ago quarter.

    Siti reported TIO of Rs 288.98 crore in Q2-17 or a 23.6 percent y-o-y improvement from the Rs 233.87 crore in Q2-16. EBIDTA including other income for the current quarter was Rs 49.71 crore (17.2 percent margin), for Q2-16 it was Rs 48.30 crore (20.7 percent margin).

    Loss in the current quarter was higher at Rs 46.89 crore as compared to a loss of Rs 31.43 crore in Q2-16, but lower than the loss of Rs 53.62 crore in the immediate trailing quarter (Q1-17).

    Activation, Carriage and Broadband numbers

    Activation fees in the current quarter more than doubled (200.5 percent) y-o-y to Rs 38.3 crore (13.3 percent of TIO) from Rs 19.1 crore (8.2 percent of TIO) in the corresponding year ago quarter. Carriage revenue increased 25.5 percent y-o-y to Rs 75.7 crore (26.2 percent of TIO) in Q2-17 as compared to Rs 60.3 crore (25.8 percent of TIO) in Q2-16.

    Broadband revenue increased 167.7 percent y-o-y to Rs 24.9 crore (8.6 percent of TIO) in the current quarter from Rs 9.3 crore (4 percent of TIO) in Q2-16.

    The company’s cable TV customer base was stable at 1.22 crore in the current quarter as compared to the immediate trailing quarter. The company had 1.07 crore cable customers in Q2-16. The company says that is now present in 400 plus locations in India serving a total digital subscriber base of 87 lakh customers. For the last quarter the company had reported a digital subscriber base of 84 lakh and 59 lakh for Q2-16.

    Siti has added about 28,000 broadband subscribers in Q2-17 taking its subscriber base to 195,000 from 167,000 subscribers in Q1-17. It had a broadband subscriber base of 91,450 in Q2-16.

    Let us look at the other numbers reported by Siti

    Finance costs in the current quarter reduced to Rs 28 crore (9.7 percent of TIO) from Rs 34.76 crore (14.9 percent of TIO) in the corresponding year ago quarter. Total Expenditure increased 29.3 percent y-o-y to Rs 298.81 crore (103.4 percent of TIO) from Rs 231.04 crore (98.8 percent of TIO) in the corresponding year ago quarter. Employee Benefit Expense increased 21.2 percent y-o-y to Rs 20.7 crore (7.2 percent of TIO) in the current quarter from Rs 17.08 crore (7.3 percent of TIO) in Q2-16.  Carriage sharing, pay channel and related costs in Q2-17 increased 15.6 percent y-o-y to Rs 143.41 crore from (49.6 percent of TIO) Rs 124.01 crore (53 percent of TIO) in Q2-16.

    Company speak

    Siti executive director & CEO, V D Wadhwa said, “We continue to grow our digital subscriber base steadily with incremental improvements in monetisation seen in certain phases. This could have been significantly better but for the delay in digitization because of pending court cases, which continues to impact monetization in the phase 3 areas. Although the majority of the stay orders have been vacated by the Honourable Delhi High Court, the closure of the balance pending cases will lead to complete switch off of analogue signals, improve monetization and significantly spur the growth of the industry.

    The expected implementation of the new Draft Tariff Order will be a game changer and is more beneficial for the distribution platforms post execution. However, the success of the same will lie in its effective implementation.”

    Note: The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:

    (a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.

    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.

     

  • Siti Q2-17 numbers up on higher restated subscription revenues

    Siti Q2-17 numbers up on higher restated subscription revenues

    BENGALURU: The Subhash Chandra led Siti Networks Limited (Siti) formerly known as Siti Cable Network Limited, reported 23.6 percent and 2.9 percent year-over-year (y-o-y) growth in operating revenue and EBIDTA including other income for the quarter ended 30 September 2106 (Q2-17, current quarter). The growth in revenue was led by a 33.3 percent y-o-y growth in restated subscription revenue on net billing basis of Rs 135.3 crore (46.8 percent of Total Income from Operations or TIO) as compared to Rs 101.5 crore (43.4 percent of TIO) reported for the corresponding year ago quarter.

    However, reported subscription revenue as per published financials in the current quarter increased by just 0.9 percent y-o-y to Rs 139.7 crore (48.3 percent of TIO) from Rs 138.5 crore (59.2 percent of TIO) in the corresponding year ago quarter.

    Siti reported TIO of Rs 288.98 crore in Q2-17 or a 23.6 percent y-o-y improvement from the Rs 233.87 crore in Q2-16. EBIDTA including other income for the current quarter was Rs 49.71 crore (17.2 percent margin), for Q2-16 it was Rs 48.30 crore (20.7 percent margin).

    Loss in the current quarter was higher at Rs 46.89 crore as compared to a loss of Rs 31.43 crore in Q2-16, but lower than the loss of Rs 53.62 crore in the immediate trailing quarter (Q1-17).

    Activation, Carriage and Broadband numbers

    Activation fees in the current quarter more than doubled (200.5 percent) y-o-y to Rs 38.3 crore (13.3 percent of TIO) from Rs 19.1 crore (8.2 percent of TIO) in the corresponding year ago quarter. Carriage revenue increased 25.5 percent y-o-y to Rs 75.7 crore (26.2 percent of TIO) in Q2-17 as compared to Rs 60.3 crore (25.8 percent of TIO) in Q2-16.

    Broadband revenue increased 167.7 percent y-o-y to Rs 24.9 crore (8.6 percent of TIO) in the current quarter from Rs 9.3 crore (4 percent of TIO) in Q2-16.

    The company’s cable TV customer base was stable at 1.22 crore in the current quarter as compared to the immediate trailing quarter. The company had 1.07 crore cable customers in Q2-16. The company says that is now present in 400 plus locations in India serving a total digital subscriber base of 87 lakh customers. For the last quarter the company had reported a digital subscriber base of 84 lakh and 59 lakh for Q2-16.

    Siti has added about 28,000 broadband subscribers in Q2-17 taking its subscriber base to 195,000 from 167,000 subscribers in Q1-17. It had a broadband subscriber base of 91,450 in Q2-16.

    Let us look at the other numbers reported by Siti

    Finance costs in the current quarter reduced to Rs 28 crore (9.7 percent of TIO) from Rs 34.76 crore (14.9 percent of TIO) in the corresponding year ago quarter. Total Expenditure increased 29.3 percent y-o-y to Rs 298.81 crore (103.4 percent of TIO) from Rs 231.04 crore (98.8 percent of TIO) in the corresponding year ago quarter. Employee Benefit Expense increased 21.2 percent y-o-y to Rs 20.7 crore (7.2 percent of TIO) in the current quarter from Rs 17.08 crore (7.3 percent of TIO) in Q2-16.  Carriage sharing, pay channel and related costs in Q2-17 increased 15.6 percent y-o-y to Rs 143.41 crore from (49.6 percent of TIO) Rs 124.01 crore (53 percent of TIO) in Q2-16.

    Company speak

    Siti executive director & CEO, V D Wadhwa said, “We continue to grow our digital subscriber base steadily with incremental improvements in monetisation seen in certain phases. This could have been significantly better but for the delay in digitization because of pending court cases, which continues to impact monetization in the phase 3 areas. Although the majority of the stay orders have been vacated by the Honourable Delhi High Court, the closure of the balance pending cases will lead to complete switch off of analogue signals, improve monetization and significantly spur the growth of the industry.

    The expected implementation of the new Draft Tariff Order will be a game changer and is more beneficial for the distribution platforms post execution. However, the success of the same will lie in its effective implementation.”

    Note: The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:

    (a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.

    (b) 10,000 lakh = 100 crore = 1 arab = 1 billion.