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Tag: GTPL HATHWAY

  • GTPL Hathway announces change in directorate

    GTPL Hathway announces change in directorate

    MUMBAI: There has been a change in the directorate at GTPL Hathway. The Anirudhsinh Jadeja-promoted network has accepted the stepping down of Falgun Shah and Kunal Chandra – as independent directors, having completed their second term from 27 September 2024.  It made this announcement to the Bombay stock exchange in end-September.

    The duo has been replaced by Dhiren Dalal and Sunil Sanghvi who came on board as independent directors from 28 September.

    It may be recalled that GTPL Hathway had disclosed in its annual report for the year ended 31 March 2024 that its rapid expansion in Andhra Pradesh , Telangana, Tamil Nadu, the north-east, Delhi, Harayana and Uttarkhand had led to an increase in its active subscribers by 550,000 to reach 9.5 million while its paying subscribers rose 600,000 to touch 8.8 million on a year on year basis. Its standalone revenue too rose to Rs 2028.52 crore and its net profit to Rs 76.24 crore. 

  • KCCL signs subscription agreement under NTO 3.0

    KCCL signs subscription agreement under NTO 3.0

    Mumbai : The interconnection subscription agreement with the broadcasters was signed by MSO Kerala Communicators Cable Ltd (KCCL) in accordance with the Trai-mandated NTO 3.0 after UCN.

    Now that the Trai’s new rate order has been modified, KCCL has joined a growing group of MSOs, including Siti Cable, KAL Cables, Tamil Nadu Arasu Cable TV, and Thamizhaga Cable TV, that have agreed to negotiate interconnection agreements with the broadcasters.

    Even as the legal dispute between cable operators represented by the AIDCF (All India Digital Cable Federation) and the broadcasters continues in the Kerala High Court, there now appears to be a rift within the cable fraternity in its fight against the broadcasters regarding signing the interconnection agreements under the NTO 3.0.

    Den, Fastway Transmissions, GTPL Hathway, Hathway Digital, and other MSOs are among those that are still engaged in this conflict with the broadcasters.

    Leading three broadcasters (Sony, Disney Star India, and Zee Entertainment) cut off their signals to nearly ten MSOs on February 19 who are AIDCF members.

    Broadcasters are justifying the increase in price after a four-year hiatus. Cable operators, on the other hand, claim that the price increase is exorbitant and will raise consumers’ monthly cable bill. They have also filed numerous petitions against the amended tariff regime in the country’s high courts.

    AIDCF claims that despite the fact that the case is in court, these major broadcasters disconnected their signals.

    Meanwhile, AIDCF has warned advertisers, media planners, and ad agencies, against advertising on Disney-Star, Sony and Zee, because their recent actions have “deprived more than 25 million households across India from watching their channels since Saturday, 18 February 2023.

    The federation claimed that the 25 million homes account for nearly 35 per cent of the pay TV market in India.

    “Are you still getting the reach that you have paid for? Your advertisements are not reaching more than 200 million consumers across all states and Union Territories in India for the past three days. More than 46 billion minutes of viewing time are being lost per day across India on the largest cable networks in India including GTPL, DEN, Hathway, Fastway, In Cable, NXT Digital, Asianet, KCCL, UCN and many more. These networks cater to large audiences in HSM as well as South with dominant presence in Punjab/Haryana/ Chandigarh HP, UP Uttarakhand, Gujarat, Rajasthan, Maharashtra, West Bengal Odisha, Madhya Pradesh/Chhattisgarh, Bihar/Jharkhand, North-East, AP Telangana, Kamataka, Kerala, Tamil Nadu, etc,” said a release by AIDCF.

    The industry body warns the advertisers to take an informed decision when they advertise on any of the channels including Star Plus, Zee TV, Sony.

  • GTPL Hathway Q1 FY23 consolidated revenues up 10 per cent YoY at Rs 645.4 crore

    GTPL Hathway Q1 FY23 consolidated revenues up 10 per cent YoY at Rs 645.4 crore

    Mumbai: Digital cable TV and broadband company GTPL Hathway announced its financial results for the first quarter of FY2023 on Thursday. The company reported consolidated revenue of Rs 645.4 crore a growth of 10 per cent year-on-year (YoY).

    The company reported subscription revenue of Rs 272.7 crore up by three per cent YoY. Broadband revenue was up by 24 per cent YoY at Rs 113.9 crore. It reported a profit after tax (PAT) of Rs 43.3 crore.

    GTPL Hathway’s broadband subscribers grew by 29,000 quarter-on-quarter. Its total active broadband subscribers reached 8,45,000 and homepasses reached 4.85 million.

    GTPL Hathway managing director Anirudhsinh Jadeja said, “We have been consistent in achieving our goals across all business segments. We are the largest multiple-system operator (MSO) in India and continue our strategy of expansion in new geographies & deeper penetration in our existing markets. The key highlights of Q1 FY23 are stable digital cable TV subscription revenues and growth in subscribers as well as revenues in the broadband business. GTPL has again been listed amongst ‘India’s Top 500 Companies 2022’, the second year in a row, as released by Dun & Bradstreet. We have entered FY23 with a positive outlook for our businesses and confidence in our ability to continue its successful evolution.”

  • GTPL Hathway reappoints Anirudhsinh Jadeja as a MD for three years

    GTPL Hathway reappoints Anirudhsinh Jadeja as a MD for three years

    Mumbai: GTPL Hathway has reappointed Anirudhsinh Jadeja as managing director for three years, at its 16th annual general meeting held on Friday.

    His reappointment will take effect from 8 December on the expiry of his present term of office. The AGM also approved terms and conditions of his appointment, including remuneration.

    The board also extended independent director Divya Momaya’s term up to 27 September 2024.

    The company declared dividend on equity shares at the rate of Rs 4 per equity share of Rs 10 each for the financial year ended 31 March 2022.

    It also appointed Amit Shah, a director retiring by rotation. The board appointed Deloitte Haskins & Sells, Chartered Accountants as the statutory auditors of the company for a term of five consecutive years and fixed their remuneration.

  • GTPL Hathway to maintain FY22 revenue and EBIDTA growth in FY23

    GTPL Hathway to maintain FY22 revenue and EBIDTA growth in FY23

    Mumbai: GTPL Hathway saw 12 per cent growth in revenues at Rs 24,154 million and four per cent increase in EBITDA (earnings before interest, tax, depreciation and amortisation) to Rs 5,677 million year-on-year in FY22. The company expects to maintain this growth rate for the current financial year i.e., FY23.

    “The guidance is just that we are going to maintain our  compound annual growth rate (CAGR), 100 basis points here and there but we are going to maintain our CAGR in both revenue and EBITDA that’s the way as we look forward to our aggressive growth in both the businesses in this financial year,” said GTPL Hathway Ltd business head – CATV and chief strategy officer Piyush Pankaj during an investor call held recently.

    GTPL Hathway closed the year 2021 becoming the largest multi-system operator in the country with its cable TV (CATV) subscriber base growing to 8.40 million as per Telecom Regulatory Authority of India’s (Trai) performance indicator report. “Our CATV subscriber base has grown sharply by 2.3 times in the last six years and for FY2022 it has grown by five per cent,” observed Pankaj.

    ALSO READ | GTPL Hathway closes FY22 as largest MSO; revenue at Rs 24,154 million

    The company lost 7.5 lakh commercial customers when Covid-19 pandemic started and has seen the return of four lakh customers since then. The rate of returning customers has slowed down from 20-25 lakh in the last quarter to 20K average during the fourth quarter FY22.

    The majority of the company’s cable TV subscriptions come from the Gujarat market which has 95 per cent share with the remaining five per cent spread across markets such as Pune, Nagpur, Hyderabad, Jaipur, Patna and Varanasi.

    “Our CATV business expansion will gain momentum with organic and inorganic growth in the coming quarters,” said Pankaj. “After the new tariff order (NTO) , we said that growth will come from inorganic and organic. The first year of NTO has gone into stabilising the industry. Just as we were getting ready for acquisitions and going organic, Covid hit us in March 2020 and we were not able to do any inorganic growth. So, from this quarter onwards we have started both inorganic and organic growth.”

    The company’s capex for FY22 was Rs 363 crore which includes Rs 180 crore of CATV capex and Rs 183 crore of broadband capex. “Next year we are keeping the target of Rs 450 crore for the capex on which around Rs 180 crore is going to be cable capex and rest is going to be the broadband capex,” said Pankaj.

  • GTPL Hathway closes FY22 as largest MSO; revenue at Rs 24,154 million

    GTPL Hathway closes FY22 as largest MSO; revenue at Rs 24,154 million

    Mumbai: GTPL Hathway witnessed revenue growth (excluding EPC) of 12 per cent year-on-year (YoY) at Rs 24,154 million. The profit after tax grew by six per cent YoY at Rs 2,006 million, according to the company’s financial results for the year FY22 shared on Friday. 

    It ended the year by adding 400K cable TV subscriptions and 181K broadband subscribers.

    The company’s digital cable TV revenue increased marginally by 0.4 per cent to Rs 10,753 million. Total paying subscribers as of 31 March stood at 7.80 million. GTPL Hathway expanded cable TV operations in five additional states in FY22. It also launched a new product ‘GTPL Genie’ which is an Android TV-based hybrid set-top-box with attractive subscription bundles.

    The company’s broadband revenue growth for FY22 was 46 per cent to reach Rs 4,075 million. Total broadband subscribers increased by 29 per cent to reach 816K out of which 360K are FTTX subscribers. In FY212, the company added 830K home-pass. Home-pass as of 31 March stood at 4.70 million.

    GTPL Hathway Limited reported fourth-quarter revenues of Rs 6,209 million and profit after tax of Rs 552 million. Broadband revenue stood at Rs 1,098 million and digital cable TV revenue at Rs 2,695 million. The average revenue per user (ARPU) for Q4 FY22 stood at Rs 450.

    “We are proud to announce another year of consistent performance across all business segments,” said GTPL Hathway managing director Anirudhsinh Jadeja. “GTPL is now the largest MSO in the country, continues to be the largest MSO and broadband player in Gujarat, and has a significant presence in all other markets.”

    “We continued to deliver on our KPIs and grew by expanding in new geographies as well as penetrating deeper into existing markets. The key highlights of FY22 are stable subscription revenues, profitability and return ratios with a healthy balance sheet. The Company’s Board has recommended a dividend of Rs four per share for FY22,” he added.

    “The launch of GTPL Genie is a path-breaking initiative bringing subscriptions of bundled Live TV and OTT applications at competitive prices to our consumers. We are committed to delivering value to all our stakeholders with adept and prudent financial practices,” Jadeja further stated.

  • GTPL Hathway ropes in Verimatrix for secure Android TV rollout

    GTPL Hathway ropes in Verimatrix for secure Android TV rollout

    Mumbai: Digital cable TV and broadband service provider GTPL Hathway Ltd (GTPL) has announced its partnership with Verimatrix leveraging the latter’s Video Content Authority System (VCAS) to protect its Google Android TV-based DVB hybrid set top box.

    Verimatrix (Euronext Paris: VMX) helps power the modern connected world with people-centered security. Verimatrix VCAS is designed as a future-proof and scalable security solution for premium video content. Its DVB Hybrid offers GTPL a combination of protection and flexibility as delivery methods expand and evolve throughout India.

    “Verimatrix is a time-tested content security leader in the market that offers unprecedented ease of deployment and gives us the confidence that we will be ready to easily adapt as our offerings progress,” said GTPL Hathway MD Anirudhsinh Jadeja. “By selecting Verimatrix as our security provider, we gain much more than just studio compliant protection – GTPL gains enhanced workflow and integration options as well as the reliability that we’re ready to rapidly scale up new subscribers across our areas of operation, to any additional devices we choose later, with a single security platform.”

    “We are extremely pleased to announce GTPL Hathway as one of our latest customers,” stated Verimatrix COO and president Asaf Ashkenazi. “GTPL’s large customer base in India is provided a frictionless premium entertainment experience while their operators harness the full power of Verimatrix’s security innovations and award-winning customer support behind the scenes – ensuring GTPL is armed with the peace-of-mind it demands today and the performance and scalability it expects for tomorrow.”

  • GTPL Hathway reports consolidated revenues of Rs 6130 million for Q3 FY22

    GTPL Hathway reports consolidated revenues of Rs 6130 million for Q3 FY22

    Mumbai: GTPL Hathway has announced the financial results for the third quarter and nine months ended on 31 December 2021, as approved by its board of directors.

    The company’s consolidated Q3 FY22 revenue (incl EPC) stood at Rs 6130 million. Its consolidated 9M FY22 revenue (incl EPC) stood at Rs 18,288 million up by five per cent year-on-year.

    The ISP revenue of the company stood at Rs 1054 million up by 35 per cent year-on-year and 9M FY22 IPS revenue stood at Rs 2978 up by 51 per cent year-on-year. The CATV subscription revenues for the company stood at Rs 2702 million.

    The company’s EBIDTA (incl. EPC) stood at Rs 1473 million and ex-EPC stood at Rs 1472 million. Its profit after tax (PAT) stood at Rs 546 million up by 21 per cent year-on-year.

    The company’s 9M FY22 EBIDTA (incl. EPC) stood at Rs 4301 million up by 3 per cent year-on-year and 9M FY22 EBIDTA (ex-EPC) stood at Rs 4277 million up by six per cent year-on-year. Its 9M FY22 PAT stood at Rs 1454 million up by 11 per cent year-on-year.

    At the end of nine months, the company added 5,30,000 home-pass customers and 1,30,000 net broadband subscribers.

    The company reported 7.5 million paying subscribers at the end of 31 December 2022 out of which 4.40 million were home-pass customers, 7,65,000 were total broadband subscribers out of which 2,90,000 are FTTX subscribers. The company’s broadband average revenue per user (ARPU) stood at Rs 445 at the end of December.

    “The highlight of 9M FY22 performance was CATV business expansion in new states coupled with robust subscriber additions and subscription revenues for broadband business,” said GTPL Hathway managing director Anirudhsingh Jadeja. “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 enrich their experience.”

  • GTPL Hathway announces partnership with Aprecomm

    GTPL Hathway announces partnership with Aprecomm

    Mumbai: Cable TV distribution and broadband service provider GTPL Hathway Ltd on Monday announced the investment in innovative technology to remotely optimise its residential Wi-Fi connections through a partnership with Aprecomm.

    The technology will help GTPL bring down the customer issue resolution time and enhance customer experience on its network of 700K+ connected broadband households. Aprecomm’s AI engine allows GTPL to convert its household connections to AI-enabled smart Wi-Fi access points. Additionally, the technology offers proactive monitoring and measuring of the wireless experience of the connected devices and provides real-time insights to improve the reliability and performance of the network, said the statement.

    “GTPL believes in continuous investments in technology to keep innovating and enhance the consumers’ delight,” said GTPL Hathway managing director Anirudhsinh Jadeja. “The partnership with Aprecomm will aid us in our efforts to ensure the best experience for our broadband consumers with a faster and proactive resolution of potential issues.”

    “We are delighted to collaborate with GTPL and bring the latest technology into their network which can assist them with up to 50 per cent reduction in customer support handling time and phenomenal improvement to the customer experience,” said Aprecomm CEO Pramod Gummaraj. “We are looking forward to bringing more innovation in the Network Automation in the coming months.”

    The measurable improvements offered by the integration between GTPL and Aprecomm also lead to lower maintenance costs and improved customer satisfaction for the internet service provider.

    “With Aprecomm’s vendor-agnostic technology, GTPL is now able to manage and monitor ONUs through a unified interface, ensuring assured internet experience to their customers,” said Aprecomm CTO Guharajan Sivakumar.

    “We have already started deploying this technology and could measure the customer experience with ease and take proactive actions to improve it,” stated GTPL Hathway CTO Prasad V. “Aprecomm’s technology immensely helps us to achieve network automation.”

  • GTPL Hathway ISP business grew by 50% YoY in Q2 FY22

    GTPL Hathway ISP business grew by 50% YoY in Q2 FY22

    Mumbai: Digital cable TV and broadband service provider GTPL Hathway’s internet service provider (ISP) business grew by 50 per cent YoY, according to its financial results for Q2 FY2022. The company reported consolidated revenues of Rs 605.2 crore up by four per cent YoY.

    The company’s paying subscribers stood at 7.35 million out of which 2,75,000 are FTTX subscribers at the end of H1 FY22. It added 1,00,000 net broadband subscribers in H1 FY22. The broadband average revenue per user (ARPU) for Q2 FY22 stood at Rs 440 which is up by two per cent YoY.

    “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,” the company said in a statement.

    The company reported H1 2021 revenue at Rs 1215.9 crore an increase of 12 per cent YoY. Its ISP business revenue stood at Rs 100.6 crore for the quarter ended 30 September. The EBIDTA for the quarter stood at Rs 144.8 crore up by four per cent and profit after tax at Rs 43.3 crore.

    “GTPL Hathway continues to deliver on key KPIs during H1 FY22. The highlight of H1 FY22 performance was robust subscriber additions and subscription revenues for the broadband business, coupled with strong balance sheet and return ratios,” said GTPL Hathway managing director Anirudhsinh Jadeja. “The balance sheet remains strong owing to ‘Net Debt Free’ status leading to impressive ROCE and ROE of 33 per cent and 20 per cent, respectively as of 30 September. With the economy getting back to normalcy led by aggressive vaccination drive, the company is geared to strengthen its presence in the existing and new markets.”