Revenue from operations rose 12.2% year on year (YoY) to Rs 692.42 crore in the quarter ended 31 Mach 2023.

The company recorded a pre tax loss of Rs 11.10 crore in the fourth quarter as compared with a profit before tax of Rs 70.53 crore registered in the same period a year ago.

Total expense spiked 24.31% YoY to Rs 692.88 crore during the quarter. Employee benefit expense stood at Rs 38.18 crore (up 17.3% YoY) while finance cost was at Rs 2.8 crore (down 33.01% YoY).

EBITDA declined 20.57% to Rs 111.2 crore in Q4 FY23 from Rs 140 crore registered in Q4 FY22. EBITDA margin reduced to 15.9% in Q4 FY23 as compared to 22.5% posted in Q4 FY22.

The company's revenue from cable TV business stood at Rs 545.26 crore (up 11.24% YoY), Internet service was at Rs 124.7 crore (up 13.61% YoY).

On a full year basis, the company's consolidated net profit slumped 42.9% to Rs 113.94 crore despite of 10.3% rise in revenue to Rs 2,663.92 crore in FY23 over FY22.

The firm's digital cable TV revenue rose 2% YoY to Rs 1,100.5 crore in FY23. Active subscribers increased by 550,000 YoY and Paying subscribers by 400,000 YoY in FY23. Subscription revenue grew by 2% annually.

Revenue from broadband stood at Rs 482.6 crore in FY23, registering a growth of 18% YoY. During the FY23, the company's broadband subscribers increased by 11% to 104,000. Homepass was at 5.30 million, an addition of 600,000 in FY23; 75% of homepass available for Fiber to the X (FTTX) conversion.

The broadband average revenue per user (ARPU) stood at Rs 460 per month per subscriber. Average data consumption per user per month was at 321 GB, 25% increase YoY.

Meanwhile, the company's board recommended a dividend of Rs 4 per equity share for the financial year ended 31 March 2023.

Anirudhsinh Jadeja, managing director of GTPL Hathway said, “The company has further strengthened its presence across all other markets, especially in the southern states. We continue to expand our presence in the Digital Cable TV market and have entered the states of New Delhi, Haryana & Uttarakhand. The initial response has been encouraging and we will endeavor to cement our position in these markets.”

He further added, “Our Broadband business continues to show healthy growth, both in terms of subscribers and ARPU. Our focus and commitment to expand the Broadband business is expected to achieve the desired results in the coming years.”

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.