On the segmental front, subscription revenue rose by 3% to Rs 272.7 crore while the broadband revenue increased by 24% to Rs 113.9 crore in the first quarter as compared with the same period last year.

Total expenses during the quarter rose by 9% YoY to Rs 581.5 crore.

EBITDA declined by 0.6% to Rs 135.4 crore in Q1 FY23 from Rs 136.2 crore in Q1 FY22. EBITDA margin in Q1 FY23 was 21% as against 23.3% in Q1 FY22.

Anirudhsinh Jadeja, managing director, GTPL Hathway, said, “We have been consistent in achieving our goals across all business segments. We are the largest MSO in India and continue our strategy of expansion in new geographies and 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 Hathway is India's largest multi-system operator (MSO) providing digital cable tv services and is the 6th largest private wireline broadband service provider in India. As on 30 June 2022, the company had 8.40 million active digital cable TV subscribers and 8,45,000 broadband subscribers and a broadband homepass of 4.85 million.