The company's total income stood at Rs 790 crore, a growth of 19% on YoY basis.

On the segmental front, Subscription Income CATV was Rs 322.6 crore (up 17% YoY), Broadband ISP revenue was Rs 131.7 crore (up 10% YoY), revenue from Placement / Carriage / Marketing Incentives was Rs 296.7 crore (up 32% YoY), Activation revenue was Rs 3.9 crore (down 61% YoY), Other Operating Income revenue was Rs 24.3 crore (down 5% YoY) and Other Income was Rs 10.8 crore (up 54% YoY).

Total expenditure jumped by 25% to Rs 654.9 crore in Q2 FY24 as compared with Q2 FY23. This was mainly on account of higher pay channel costs (up 28% YoY), higher other operating, admin & selling expenses (up 22% YoY) and higher employee costs (up 9% YoY).

While EBITDA fell by 2% YoY to Rs 135.1 crore, EBITDA margin contracted by 200 bps YoY to 17.1% during the period under review.

Profit before tax in Q2 FY24 stood at Rs 47.9 crore, down by 23% from Rs 62.6 crore in Q2 FY23.

Anirudhsinh Jadeja – managing director, GTPL Hathway, said, “GTPL strengthened its leadership position and continued to be the largest MSO and a leading wireline broadband service provider in the country during the quarter. The company is continuously expanding and working towards further strengthening its market leadership across its areas of operation.”

GTPL Hathway is India's largest multi-system operator (MSO) providing digital cable TV services and is the sixth largest private wireline broadband service provider in India.