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  • GTPL Hathway revenue up for Q1

    GTPL Hathway revenue up for Q1

    BENGALURU: Indian multi-system operator and internet service provider GTPL Hathway Limited (GTPL) reported 15.7 per cent increase in total income for the quarter ended 30 June 2018 (Q1 2019, quarter or period under review) as compared to the corresponding year-ago quarter  (y-o-y) Q1 2018. GTPL’s total income in Q1 2019 was Rs 303.55 crore, for the corresponding year ago quarter it was Rs 262.41 crore.

    GTPL’s consolidated profit after tax (PAT) was almost flat (declined 0.9 per cent) y-o-y in Q1 2019 to Rs 12.57 crore from Rs 12.69 crore in Q1 2018. Consolidated total comprehensive income for the period reduced 1.3 per cent y-o-y to Rs 12.50 crore from Rs 12.66 crore. Consolidated operating profit (EBITDA) excluding other income increased 18.6 per cent in Q1 2019 to Rs 77.49 crore (26.1 per cent of operating or op revenue) from Rs 65.35 crore (25.4 per cent of op revenue) in the previous fiscal.

    GTPL has two segments – cable TV business and internet service. Cable TV business operating result increased 9.9 per cent y-o-y to Rs 10.17 crore in Q1 2019 from Rs 9.26 crore in the corresponding quarter of the previous year. Operating revenue of GTPL’s cable TV business increased 17.4 per cent y-o-y to Rs 260.93 crore from Rs 222.18 crore.

    GTPL’s internet service operating revenue in Q1 2019 increased 2.6 per cent y-o-y to Rs 35.98 crore from Rs 35.07 crore. Internet service segment’s operating results for Q1 2019 declined 30.2 per cent y-o-y to Rs 2.40 crore from Rs 3.44 crore in the corresponding quarter of the previous year.

    Let us look at the other numbers reported by GTPL Hathway

    Consolidated total expenditure increased 17.2 per cent y-o-y during the quarter under review to Rs 283.11 crore from Rs 241.49 crore in Q1 2018. Pay channel cost in Q1 2019 increased 17.8 per cent y-o-yto Rs 126.44 crore from Rs 107.37 crore in the corresponding quarter of the previous year. Other operational costs reduced 15.4 per cent y-o-y in Q1 2019 to Rs 21.48 crore from Rs 25.40 crore in Q1 2018.

    Employee benefits expense in Q1 2019 increased 18.6 per cent y-o-y to Rs 35.32 crore from Rs 29.78 crore in the corresponding quarter of the previous fiscal. Finance costs increased 57.2 per cent y-o-y during the quarter under review to Rs 16.12 crore from Rs 10.26 crore. Other expenses in the period increased 23.3 per cent y-o-y to Rs 36.19 per cent in Q1 2019 from Rs 29.36 crore in the corresponding quarter of the previous year.

  • GTPL Hathway appoints Viren Thakkar as new chief financial officer

    GTPL Hathway appoints Viren Thakkar as new chief financial officer

    MUMBAI: GTPL Hathway , one of the major players in the Indian cable TV and broadband industry, has appointed Viren Thakkar as chief financial officer of the company. The appointment ,which will come into effect from 2nd July, was posted on the Bombay Stock Exchange (BSE) website.

    Earlier this month, the former CFO of the company Jayanta Pani resigned from his post after spending around one and half year in the company. Pani’s last working day at GTPL, where he joined in November 2008, will be 30th June.

    Viren Thakkar , a chartered accountant and a cost accountant, started his career in 1991 with Anil Starch Products Limited, an Ahmedabad-based Lalbhai Group company.

    The newly appointed CFO has over 27 years of experience in corporate finance, cost control, budgeting, internal control and audit and corporate planning. Earlier, he has worked as CFO in Roquette Riddhi Siddhi Private Limited. He had the responsibility of India, Middle East and Africa Region.

    Between 2007 and 2012, Viren Thakkar was general manager – finance at Torrent Power Limited, a part of Ahmedabad-based Torrent Group. He used to manage the finance, accounts, treasury operations, costing and taxation direct and indirect) at corporate level for Torrent Power and group companies. Along with that He was also involved in business development activities and handled insurance portfolio at the group level.

    Other than that, the experienced professional was also associated with Doshion Limited (Ahmedabad), Southern Range Nyanza Limited (Uganda), and Gujarat Telephone Cables Limited (Ahmedabad).

    Also Read:

    Jayanta Pani Resigns as CFO of GTPL Hathway

    GTPL Hathway board okays additional stake buy in subsidiaries

  • GTPL revenue up as subs base, ARPU increase in fiscal 2018

    GTPL revenue up as subs base, ARPU increase in fiscal 2018

    BENGALURU: As mentioned by us earlier, Indian multi-system operator and internet service provider GTPL Hathway Ltd’s(GTPL) consolidated total revenue for FY 2018 (fiscal 2018, yearunder review, year ended 31 March 2018) had increased 18.2 percent as compared to the previous year (FY 2017). The company’s investor presentation for FY 2018 says that its active cable TV subscriber base in fiscal 2018 increased 1.42 million (0.142 crore) in the year under review to 7.4 million (0.74 crore) from 5.98 million (0.598 crore) in the previous year. The company says that it seeded 1.8 million (0.18 crore) digital set top boxes in the FY 2018. In FY 2018, GTPL’s cable TV digital paying subscriber base increased by 2.07 million (0.207 crore) to 7.0 million (0.7 crore). 

    Average revenue per user (ARPU) in phase II, phase III and phase IV by 6.25 percent, 1.64 percent and 1.96 percent respectively during the quarter ended 31 March 2018 Q4 2018 as compared to the quarter ended 31 December 2017 (Q3 2017). Phase-wise ARPU increased in FY 2018 as compared to FY 2017 as follows: phase I increased to Rs 103 from Rs 100; phase II increased from Rs 95 to Rs 105; phase III increased from Rs 54 to Rs 62; phase IV increased from Rs 41 to Rs 52.

    Over 38 percent of the company’s subscriber base in phase IV areas, which for GTPL has seen the highest increase in ARPU during FY 2018, both in terms of absolute rupees and in terms of percentage growth. Arising from the above, share of GTPL’s cable TV business to revenues and profits has gone up. 
    Please refer to the figure below

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    Further, the company says that it has added 40,000 broadband internet subscribers in fiscal 2018, taking its broadband subscriber base to 0.28 million (0.028 crore). The company’s broadband ARPU remained the same in FY 2018and FY 2017 at Rs 480. Hence broadband revenue will have increased to an extent on account of the increased broadband subscriber base in fiscal 2018. The company has revealed that data consumption per user has increased from 38GB per month in March 2017 to 62 GB per month in March 2018.

    The company’s consolidated total income increased 18.2 percent during the year under review to Rs 1,113.35 crore from Rs 941.83 crore in the previous year. GTPL’s consolidated operating revenue for fiscal 2018 at Rs 1,091.27 crore was 20.2 percent higher than the Rs 907.70 crore for FY 2017. Other income reduced 35.3 percent in FY 2018 to Rs 22.09 crore from Rs 34.13 crore in FY 2017.

    Please refer to the figures below the company’s total revenue breakup in FY 2018 and FY 2017:

    public://g2_0.jpg

    public://g3.jpg

    Consolidated operating profit (EBIDTA) excluding other income increased 29.6 percent in FY 2018 to Rs 383.12 crore (35.1 percent of operating or op revenue) from Rs 295.71 crore (32.6 percent of op revenue) in the previous fiscal. Consolidated EBIDTA including other income increased 30.7 percent to Rs 314.43 crore (28.2 percent of total revenue) in FY 2018 from Rs 240.56 crore (25.5 percent of total revenue) in the previous year. 

    However, the company’s profit numbers still depend upon placement and activation revenue. It is heartening to note that the shares of placement and activation revenue to total revenue in FY 2018 as compared to FY 2017 have gone down as is obvious from the above figures.  If one were to calculate EBIDTA without placement and activation revenue, the company has incurred a lower operating loss of about Rs 35 crore in FY 2018 as compared to an operating loss of about Rs 72 crore in the previous year.

    The board of directors of GTPL has mooted dividend of Re 1 or 10 percent per equity share of face Rs 10 each subject to approval from shareholders for the year ended FY 2018. The outstanding capital of GTPL as on 31 March 2018 was Rs 112.463 crore.

  • GTPL Hathway board moots 10% dividend for fiscal 2018

    GTPL Hathway board moots 10% dividend for fiscal 2018

    BENGALURU: The board of directors of Indian multi-system operator and internet service provider GTPL Hathway Limited (GTPL) has mooted dividend of Re 1 or 10 per cent per equity share of face Rs 10 each subject to approval from shareholders for the year ended 31 March 2018 (FY 2018, year or fiscal under review). The outstanding capital of GTPL Hathway as on 31 March 2018 was Rs 112.463 crore.

    GTPPL’s consolidated profit after tax (PAT) more than doubled (increased 114.9 per cent) in FY 2018 to Rs 56.40 crore from Rs 26.24 crore in FY 2018. Consolidated total comprehensive income for the year increased 118.3 per cent to Rs 56.72 crore from Rs 25.98 crore. Consolidated operating profit (EBITDA) excluding other income increased 29.6 per cent in FY 2018 to Rs 383.12 crore (35.1 per cent of operating or op revenue) from Rs 295.71 crore (32.6 per cent of op revenue) in the previous fiscal.

    GTPL has two segments – cable TV business and internet service. Cable TV business operating result more than quadrupled (increased 302.6 per cent) to Rs 39.65 crore in FY 2018 from Rs 9.85 crore in the previous year. Operating revenue of GTPL’s cable TV business increased 21.7 per cent to Rs 947.87 crore from Rs 778.85 crore.

    GTPL’s internet service operating revenue in FY 2018 increased 13 per cent to Rs 143.40 crore from Rs 126.85 crore. Internet service segment’s operating results for fiscal 2018 increased 2.2 per cent in FY 2018 to Rs 16.75 crore from Rs 16.39 crore in the previous year.

    Let us look at the other numbers reported by GTPL Hathway

    The company’s consolidated total income increased 18.2 per cent during the year under review to Rs 1,113.35 crore from Rs 941.83 crore in the previous year. Consolidated operating revenue for fiscal 2018 at Rs 1,091.27 crore was 20.2 per cent higher than the Rs 907.70 crore for FY 2017. Other income reduced 35.3 per cent in FY 2018 to Rs 22.09 crore from Rs 34.13 crore in FY 2017.

    Consolidated total expenditure increased 12.3 per cent during the year under review to Rs 1,009.34 crore from Rs 898.79 crore in FY 2017. Pay channel cost in fiscal 2018 increased 15.3 per cent to Rs 440.61 crore from Rs 382.11 crore in the previous year. Other operational costs increased 1.7 per cent to Rs 90.77 crore from Rs 89.29 crore.

    Employee benefits expense in FY 2018 increased 16.3 per cent to Rs 126.12 crore from Rs 108.44 crore in the previous fiscal. Finance costs reduced 32.2 per cent during the year under review to Rs 39.35 crore from Rs 58.08 crore. Other expenses in the period increased 16.5 per cent to Rs 141.42 percent to Rs 121.44 crore in the previous year.

    Also Read :

    GTPL Hathway board okays additional stake buy in subsidiaries

    GTPL Hathway reports higher numbers and flat q-o-q ARPUs

     

  • GTPL Hathway board okays additional stake buy in subsidiaries

    GTPL Hathway board okays additional stake buy in subsidiaries

    MUMBAI: The board of directors of GTPL Hathway has approved the acquisition of additional stake in subsidiaries besides the sale/transfer of shareholding and preferential shares in a subsidiary company.

    The multi-system operator (MSO) will increase its shareholding in subsidiary GTPL Space City from 61.50 per cent equity share to 74.5 per cent by acquiring additional 13 per cent equity shares. The company will also make GTPL Junagadh a wholly owned subsidiary by acquiring remaining 49 per cent stake.

    The board has also approved the sale/transfer of all 51.08 per cent shareholding comprising 16,08,000 equity shares of Rs.10 each and 11,80,840, 10 per cent cumulative convertible preference shares of Rs 10 each in GTPL Chelikam Network India aggregating to Rs 1.18 crore.

    Last year, too, the company turned three cable TV companies into wholly owned subsidiaries after buying remaining stake in the companies. GTPL Hathway last year increased its stake in two subsidiary companies GTPL Surat Telelink and GTPL Ahmedabad Cable Network. The company has acquired remaining 49 percent stake in GTPL Surat Telelink thereby making it a wholly owned subsidiary.

    Also read:

    GTPL Hathway pockets Rs 480-mn Gujarat govt contracts

    GTPL Hathway reports higher numbers and flat q-o-q ARPUs

  • GTPL reports higher numbers for Q3 2018

    GTPL reports higher numbers for Q3 2018

    BENGALURU: Indian multi system operator (MSO) and broadband internet services (broadband) provider GTPL Hathway Limited (GTPL) has reported a year-on-year (yoy) growth in standalone as well subsidiary companies revenues, operating profits and net profits for the quarter ended 31 December 2017 (Q3 2018, quarter, quarter under review). GTPL’s broadband internet business – GTPL Broadband is a 100 per cent subsidiary of GTPL. The company owns a 51 percent stake in GTPL Kolkata Cable & Broadband Pariseva Limited (KCBPL).

    GTPL standalone

    On a standalone basis, GTPL reported 22.7 per cent yoy growth in total revenue for Q3 2018 to Rs 195.50 crore from Rs 159.28 crore. EBITDA including other income in the current quarter was 46.5 per cent higher yoy at Rs 63.44 crore (32.4 per cent margin) as compared to Rs 43.31 crore (27.2 per cent margin). Net profit after tax more than quintupled (5.7 times) yoy in Q3 2018 to Rs 23.74 crore (12.1 per cent margin) from Rs 4.16 crore (2.6 per cent margin).

    The company reported 28.8 percent yoy growth in subscription revenue for Q3 2018 at Rs 106.3 crore from Rs 82.5 crore. Placement revenue increased 12.2 per cent yoy in the quarter to Rs 58.7 crore from Rs 52.3 crore. Activation revenue increased 20.8 per cent yoy in Q3 2018 to Rs 18 crore from Rs 14.9 crore.

    GTPL says that it has seeded 1.80 lakh  (1 crore = 10 crore = 100 lakh) set top boxes and increased CATV digital active subscribers by 1.40 lakh in the current quarter. It says that CATV digital paying subscribers increased by 1.10 lakh to 84.6 lakh in Q3 2018 as compared to 82.8 lakh subscribers in the immediate trailing quarter Q2 2018.

    The phase-wise breakup of GTPL’s digital paying subscribers is 5.6 lakh, 16.6 lakh, 20.4 lakh and 24.9 lakh for DAS phases I, II, III and IV respectively. Average revenue per user (ARPU) in Q3 2018 with respect to Q2 2018 has increased by Rs 2 to Rs 51 and by Rs 3 to Rs 61 in phases IV and III respectively; has remained stable at Rs 101 and Rs 96 for DAS phases I and II respectively.

    GTPL Broadband

    The company says that GTPL Broadband’s total income in Q3 2018 increased 7 per cent yoy to Rs 34.2 crore from Rs 32 crore. EBITDA grew 31 per cent yoy to Rs 10.1 crore from Rs 7.7 crore. PAT increased 9 per cent yoy to Rs 3.9 crore in the current quarter from Rs 3.6 crore.

    The company claims that GTPL Broadband has added 12,000 broadband internet subscribers in Q3 2018 as compared to 10,000 in Q2 2018. Its broadband internet subscriber base at the end of Q3 2018 was 2.72 lakh. Broadband internet ARPU in the quarter remained steady at Rs 487 as compared to Q2 2018 and increased from Rs 472 in Q2 2017.

    GTPL Kolkata Cable & Broadband Pariseva Limited (KCBPL)

    KCBPL’s total income grew 61 per cent yoy to Rs 44.7 crore from Rs 27.8 crore. Subscription CATV revenue increased 69 per cent yoy to Rs 30.3 crore in Q3 2018 from Rs 17.9 crore. Placement revenue in the current quarter grew 12 percent yoy to Rs 7.7 crore from Rs 6.9 crore. Activation revenue in Q3 2018 almost tripled (2.93 times) yoy to Rs 4.7 crore from Rs 1.6 crore.

    KCBPL’s EBITDA grew 7.17 times yoy in Q3 2018 to Rs 16 crore from Rs 2.2 crore. The company reported PAT of Rs 2.2 crore in Q3 2018.

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    GTPL Hathway pockets Rs 480-mn Gujarat govt contracts

    GTPL Hathway reports higher numbers and flat q-o-q ARPUs

    GTPL launches high-speed internet on GPON FTTX technology

  • GTPL launches high-speed internet on GPON FTTX technology

    GTPL launches high-speed internet on GPON FTTX technology

    MUMBAI: GTPL Hathway, a cable TV and broadband service provider in India, has launched its high-speed broadband service in Ahmedabad on GPON (gigabit passive optical network) FTTX (fibre to the X) technology. The company has upgraded its network to GPON FTTX technology to meet consumer demand and has started providing internet connections of 40 mbps and 100 mbps plans with no data restriction in the price range of Rs 635 to 763 per month.

    “GTPL has been making continuous enhancement in its technological capabilities and deploying most advanced available technology in cable and broadband industry. Our deployment of the latest GPON FITX technology has enabled us to provide a unique offering of high speed ‘no data restriction’ internet connectivity. This offer is a game changer and GTPL is proud to bring this to its valued customers,” said GTPL Hathway managing director Aniruddhasinhji Jadeja.

    The company has launched annual and half-yearly subscription. Currently, the services launched are restricted to Ahmedabad only but there are plans to progressively launch in other key cities of Gujarat.

    “With the launch of our new broadband plans, for the first time, customers in Ahmedabad will get ‘Sach mein unlimited’ – a unique combination of high-speed connectivity at a reasonable price with no data restriction whatsoever. The technology can provide up to 1 gbps if the customer so demands,” added Jadeja.

    Also Read:

    GTPL Hathway pockets Rs 480-mn Gujarat govt contracts

    GTPL Hathway declares maiden dividend on higher numbers for FY-17

    GTPL Hathway reports higher numbers and flat q-o-q ARPUs

  • GTPL reports higher numbers for second quarter

    GTPL reports higher numbers for second quarter

    BENGALURU: Indian multi system operator (MSO) and broadband internet services (broadband) provider GTPL Hathway Limited (GTPL) has reported a year-over-year (y-o-y) growth in standalone as well subsidiary companies’ operating profits and net profits for the quarter ended 30 September 2017 (Q2-18, current quarter). GTPL’s broadband internet business – GTPL Broadband is a 100 percent subsidiary of GTPL. The company owns a 51 percent stake in GTPL Kolkata Cable & Broadband Pariseva Limited (KCBPL).

    GTPL standalone

    On a standalone basis, GTPL reported 23.9 percent y-o-y growth in revenue for Q2-18 at Rs 1,838.16 million from Rs 1,480.60 million. EBIDTA including other income in the current quarter was 19.7 percent higher y-o-y at Rs 585.13 million (31.9 percent margin) as compared to Rs 488.66 million (33 percent margin). Net profit after tax increased 53 percent y-o-y in Q2-18 to Rs 117.68 million (6.4 percent margin) from Rs 76.93 million (5.2 percent margin).

    The company reported 32.6 percent y-o-y growth in subscription revenue for Q2-18 at Rs 1,001 million from Rs 755 million. Placement revenue increased 10.7 percent y-o-y in the current quarter at Rs 588 million from Rs 531 million. Activation revenue declined 7.8 percent y-o-y in Q2-18 to Rs 47 million from Rs 51 million.

    GTPL says that it has seeded 0.52 million set top boxes and increased CATV digital active subscribers by 0.37 million in the current quarter. It says that CATV digital paying subscribers increased by 0.94 million to 6.94 million in Q2-18 as compared to 5.70 million subscribers in the immediate trailing quarter Q1-18.

    The phase-wise breakup of GTPL’s digital paying subscribers is 0.56 million, 1.66 million, 2.02 million and 2.40 million for DAS phases I, II, III and IV respectively. ARPU in Q2-18 with respect to Q1-18 has increased by Re 1 each to Rs 101 and Rs 96 in phases I and II respectively; has increased by Rs 4 and Rs 8 in phases III and IV respectively.

    GTPL Broadband

    The company says that GTPL Broadband’s total income in Q2-18 increased 13 percent y-o-y to Rs 331 million from Rs 292 million. EBIDTA grew 15 percent y-o-y to Rs 92 million from Rs 80 million. PAT increased 2 percent y-o-y to Rs 39 million in the current quarter from Rs 38 million.

    The company claims that GTPL Broadband has added 10,000 broadband internet subscribers in Q2-18 as compared to Q1-18.Its broadband internet subscriber base at the end of Q2-18 was 0.26 million. Broadband internet ARPU has increased in the current quarter to Rs 487 as compared to Rs 486 in Q1-18 and 465 in Q2-17.

    GTPL Kolkata Cable & Broadband Pariseva Limited (KCBPL)

    KCBPL’s total income grew 45 percent y-o-y to Rs 398 million from Rs 274 million. Subscription CATV revenue increased 48 percent y-o-y to Rs 256 million in Q2-18 from Rs 176 million. Placement revenue in the current quarter grew 6 percent y-o-y to Rs 80 million from Rs 76 million. Activation revenue in Q2-18 more than quintupled y-o-y to Rs 56 million from Rs 11 million.

    KCBPL’s EBIDTA more than tripled y-o-y in Q2-18 to Rs 119 million from Rs 37 million. The company reported PAT of Rs 2 million in Q2-18as compared to a loss of Rs 23 million in Q2-17.

  • GTPL Hathway share up as FII / FPI limit raised to 49 pc

    GTPL Hathway share up as FII / FPI limit raised to 49 pc

    MUMBAI: The share price of GTPL Hathway, a leading regional multi-system operator (MSO) which offers cable television and broadband services, rose 2.60 per cent to Rs 132 at 11:05am on the BSE after the central bank of India — RBI — raised foreign investment limit to 49 per cent from 24 per cent, earlier.

    The shares were listed on the stock exchanges on 4 July 2017, debuting on a flat note at Rs 170 compared with the IPO price of Rs 170. On a yearly basis, the price of GTPL Hathway has lost 23.46 per cent.

    The stock of GTPL Hathway, which recently pocketed Rs 480-mn Gujarat govt contracts, had touched a high of Rs 134 and a low of Rs 130.50 during the day. It was on 11 July that the stock climbed a record high of Rs 190.30 and hit a record low of Rs 126.60 on 24 August 2017.

    The stock had underperformed the market in the past month till 7 September 2017, falling 10.57 per cent when compared with 0.42 per cent overall decline in the Sensex.

    The Reserve Bank notified after market hours on 7 August 2017 that the Foreign Institutional Investors (FIIs)/Foreign Portfolios Investors (FPIs) investment limit under Portfolio Investment Scheme in GTPL Hathway has increased to 49 per cent of its paid-up capital.

    Recently, GTPL Hathway was awarded a work order by Gujarat Informatics Limited an estimated sum of Rs. 290 million for a five-year contract.  Additionally, it was awarded with a work order by the home department, government of Gujarat, worth Rs 190 million.

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  • GTPL Hathway pockets Rs 480-mn Gujarat govt contracts

    GTPL Hathway pockets Rs 480-mn Gujarat govt contracts

    MUMBAI: GTPL Broadband Private Limited, a wholly owned subsidiary of GTPL Hathway Limited, has been awarded a work order by Gujarat Informatics Limited an estimated sum of Rs. 290 million for a five-year contract.

    The scope of the order is for providing Wi-Fi services on Service / Rental Module including (Design, Built, and Operations & Management) for state-wide public Wi-Fi hotspot’s under Gujarat State Urban Area Network (GSUAN).

    Additionally, GTPL Hathway has been awarded with a work order by the home department, government of Gujarat, worth Rs 190 million. The order, for a period of five years, was received for supply, installation, commissioning and maintenance of internet bandwidth for various offices of Home Department, government of Gujarat across the state.

    GTPL Hathway Ltd, formerly known as GTPL Hathway Pvt. Ltd., provides digital cable television and broadband services. It also provides channels across various genres and offers approximately 30 high-definition (HD) channels.

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