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Revenue from operations jumped 22.75% to Rs 774.44 crore in Q1 FY24 as compared with Rs 630.89 crore in Q1 FY23. Subscription revenue increased by 8% QoQ and 9% YoY to Rs 298.1 crore in Q1 FY24.
EBITDA reduced by 7.09% at Rs 125.8 crore in Q1 FY24 as compared with Rs 135.4 crore in Q1 FY23. EBITDA margin stood at 16.1% in Q1 FY24 as compared with 21% in Q1 FY23.
The company's revenue from digital cable TV business stood at Rs 298.1 crore (up 9% YoY). CATV business active subscribers grew by 6,50,000 YoY; Active subscribers stood at 9.05 million as on 30 June 2023.
Revenue from broadband stood at Rs 129.2 crore in FY24, registering a growth of 13% YoY. The broadband average revenue per user (ARPU) stood at Rs 460 per month per subscriber.
Anirudhsinh Jadeja, managing director GTPL Hathway said, “GTPL continues to be the largest MSO in the country and the largest Digital Cable TV & Broadband player in Gujarat. We are consistently adding active subscriber base in both business segments and our goal will be to ensure that the Company stays firmly on this path of growth while ensuring we serve our customers' expectations well.”
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.
The scrip rallied 7.25% to Rs 123.50 on the BSE.
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