On Y-o-Y basis, for the quarter ended March 2016 standlaone operating revenues grew 23% at Rs 331.92 crore. The loss at net profit level stood at Rs 45.91 crore against Rs 76.99 crore in the corresponding quarter of last year.

On Y-o-Y basis, for the year ended March 2016 standalone operating revenues grew 14% at Rs 1166.38 crore. The loss at net profit level stood at Rs 171.34 crore against Rs 175.22 crore in the last year.

On Y-o-Y basis, for the year ended March 2016 consolidated operating revenues grew 13% at Rs 2064.92 crore. The loss at net profit level stood at Rs 163.13 crore against Rs 180.45 crore in the last year.

Subscription revenue from cable TV operations after adjustment (netting off LCO commission and entertainment tax) grew 10% to Rs 812.7 crore. Placement (carriage) revenue dropped to Rs 598.8 crore from Rs 626.9 crore a year ago. Activation revenue stood at Rs 227.9 crore, up 177%.

2.2 mn STB deployed in FY16. Hathway has 10.6 million cable TV digital subscribers, which is 87% of its total universe. The multi-system operator (MSO) has the highest number of digital subscribers in India. Its total cable TV subscriber base is 12.3 million.

The company has 2.4 mn digital subscribers in phase 1, 4.2 mn in phase 2 and 4.1 mn in phase 3 and 4.

Primary subscriber base of company is ~ 6.50 lakh

HD subscriber stands at 100k.

On a consolidated basis, the company deployed one million STBs in Q4. With this, Phase III subscribers increased to over 4 million. Hathway has an inventory of 1.2 million STBs.

The exit ARPU (average revenue per user) for cable TV stood at Rs 105 in Phase I, up from Rs 100 in FY15. For Phase II, exit ARPU was at Rs 86, up from Rs 67 in FY15.

Subscription revenue from broadband operations grew 61% to Rs 399.3 crore (Rs 3.99 billion) in FY16. Exit broadband ARPU was up 26% at Rs 670 from Rs 530 a year ago.

Hathway invested Rs 206 crore in the broadband business and homes passed increased by one million to 3.3 million by the end of FY16. Its broadband footprint expanded to West Bengal and Central India.

The company said it had completed the majority of technical infrastructure upgrade, which resulted in improved customer service and reduced customer churn.

Broadband – The company is acquiring new customer at ARPU of Rs 840.

The company is doing lot of thing to take any competition in broadband. It has put fiber to home in Kolkata and now started in Delhi which has high speed.

Pace for digitalization in phase 3 was slow. Delhi high court has been designated by Supreme Court to take cases of stay given by various high courts. The mgmt expect it will end very soon.

In Q4, Hathway Connect portal launched, which empowers LCOs to manage their networks with complete autonomy.

Hathway connect - portal system – 45% of LCOs has already migrated and rest will migrate in next 40-45 days.

The company has converted all its customer to prepaid mode in phase 1 and 2.

Content cost – up due to contract for phase 3 area for content cost in Q4 done, but monetization will take some time. There is also normal increase in content cost. Content cost inflation is 10%. The company had major deal with broadcaster on fixed fee basis for 1 year and in some case for 2 years.

Content deal is net deal of carriage. Net content cost is 27 per subscribers. Net content cost will go to Rs 30 per subscribers in FY17.

Standalone Capex for FY16 for broadband was Rs 250 crore and for cable Rs 207 crore.

The mgmt expects ARPU in cable to grow from Rs 105 to Rs 120 gng forward. Packaging and Hathway connect - portal system will help ARPU growth.

Migrating subscribers to new pack will get completed in 30 days.

Capex – For FY17 is Rs 300 crore out of which capex for cable will be around Rs 150-200 crore which will be mostly maintenance capex.

Future capex will be fund through cash accrual basis. Funding for next financial year is arranged.

The company is fully funded, no plan to raise capital.

Standalone gross debt stood at Rs 1,583.6 crore and net debt at Rs 1,526.6 crore, as of 31 March 2016.