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Tag: GTPL Kolkata Cable & Broadband Pariseva Limited

  • 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 reports higher numbers and flat q-o-q ARPUs

    BENGALURU: After declaring a maiden 10 percent dividend for the previous fiscal, Indian Multi-System Operator (MSO) and Broadband Internet Services (broadband) provider GTPL Hathway Limited has reported a year-over-year growth in standalone CATV total income of 25 percent for the quarter ended 30 June 2017 (Q1-18, current quarter). Quarter-on-quarter (q-o-q), standalone CATV total income however declined 5 percent on lower other income. The company’s Average Revenue per User (ARPU, net of taxes) was almost flat q-o-q across all the four DAS phases I, II, III and IV at Rs 100, 95, 54 and 40 respectively, except that in Q4-17, DAS phase IV ARPU reported by the company was slightly higher at Rs 41. GTPL Hathway reported CATV total income of Rs 1,782 million, Rs 1,884 million and Rs 1,423 million for Q1-18, Q4-17 and Q1-17 respectively.

    The company’s has two subsidiaries – GTPL Broadband Private Limited a 100 percent subsidiary of GTPL Hathway and GTPL Kolkata      Cable and Broadband Pariseva Limited (KCBPL) in which GTPL Hathway has a 51 percent stake.

    Both the subsidiaries along with GTPL Hathway (standalone)     contributed approximately 90 percent of revenue in consolidated accounts of financial year 2016-2017. The two subsidiaries also reported a healthy growth in numbers.

    GTPL Hathway managing director Anirudhasinhji Jadeja said, “After posting 33 percent growth in CATV subscription revenue and 77 percent growth in broadband subscription revenue, GTPL Hathway continued the growth momentum well into the first quarter of fiscal 2018. The monetisation of phase III and phase IV kicked off. Further, at GTPL we are continuously upgrading our technology to offer the best in class output to our subscribers. We have deployed the next generation video headend system Harmonic Inc., USA which will enable us to offer up to 650 cable TV channels and 50 OTT channels.”

    GTPL standalone EBIDTA for the current quarter increased 29 percent y-o-y to Rs 570 million (32 percent margin) from Rs 443 million (31 percent margin), but declined 10 percent q-o-q from Rs 637 million (34 percent margin). Standalone profit after tax (PAT) increased 86 percent y-o-y to Rs 148 million from Rs 79,4 million, but declined 26 percent q-o-q from Rs 201 million.

    GTPL standalone subscription revenue increased 19 percent y-o-y in Q1-18 to Rs 903 million from Rs 757 million and increased 7 percent q-o-q from Rs 842 million. Standalone placement revenue in the current quarter increased 17 percent y-o-y to Rs 578 million from Rs 493 million and increased 2 percent q-o-q from Rs 567 million. Activation revenue in Q1-18 increased 34 percent y-o-y to Rs 176 million from Rs 136 million and increased 3 percent q-o-q from Rs 171 million. Other income in the current quarter almost tripled (2.98 times) y-o-y to Rs 125 million from Rs 42 million, but was less than half (declined 59 percent) q-o-q as compared to Rs 304 million in Q4-17.

    GTPL standalone total expenditure increased 24 percent y-o-y in Q1-18 to Rs 1,211 million from Rs 980 million, but declined 3 percent q-o-q from Rs 1,247 million. Pay channel cost in Q1-18 increased 28 percent y-o-y to Rs 798 million from Rs 622 million, but declined 2 percent q-o-q from Rs 815 million.

    GTPL standalone employee cost in the current quarter increased 15 percent y-o-y to Rs 116 million from Rs 101 million and declined 11 percent q-o-q from Rs 130 million.  Standalone administrative expense in Q1-18 increased 17 percent y-o-y to Rs 174 million from Rs 149 million but declined 2 percent q-o-q from Rs 177 million. Standalone other operating expense in the current quarter increased 14 percent y-o-y to Rs 123 million from Rs 108 million and was almost flat q-o-q as compared to Rs 124 million.

    The company says that it has seeded 0.86 million set top boxes in the current quarter and increased its active digital subscribers by 0.71 million. So far until 30 June it has seeded 7.76 million STBs’ and it has 6.69 million active STBs’. Phase-wise, GTPL Hathway says that it has completed seeding of 0.72 million, 2.23 million, 2.53 million and 2.28 million STBs’ in DAS phases I, II, III and IV respectively until 30 June 2017.

    KCBPL total income in the current quarter increased 12 percent y-o-y to Rs 325 million from Rs 290 million and increased 5 percent q-o-q from Rs 310 million. KCBPL EBIDTA in Q1-18 declined 23 percent y-o-y to Rs 63 million from Rs 81 million and increased 7 percent q-o-q from Rs 59 million. KCBPL reported loss of Rs 13 million as compared to a profit of Rs 8 million in the corresponding year ago quarter and a lower loss of Rs 7 million in the immediate trailing quarter Q4-17.

    GTPL Broadband total income increased 25 percent y-o-y to Rs 318 million from Rs 254 million and increased 4 percent q-o-q from Rs 304 million. GTPL Broadband EBITDA in Q1-18 increased 65 percent y-o-y to Rs 84 million from Rs 51 million and increased 9 percent q-o-q from Rs 77 million. GTPL Broadband PAT almost doubled (went up by 95 percent) to Rs 37 million from Rs 19 million and increased 10 percent q-o-q from Rs 34 million.

    GTPL Broadband subscriber base increased to 0.25 million in Q1-18 as compared to 0.19 million in Q1-17 and 0.24 million in Q4-17. Broadband ARPU increased to Rs 486 in Q1-18 as compared to Rs 455 in the corresponding year ago quarter Rs 480 in the immediate trailing quarter.

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