Hathway Cable revenue jumps 47 per cent

Hathway Cable revenue jumps 47 per cent

Author | exchange4media News Service | Monday, Jun 01,2015 5:15 PM

Hathway Cable revenue jumps 47 per cent

Hathway Cable and Datacom Limited announced the audited consolidated financial results for the year ended 31st March, 2015.

Hathway’s cable subscription grew 44 per cent to Rs 840 crore from Rs 583 crore in the previous year. The Broadband revenue jumped 47 per cent to Rs 248 crore from Rs 169 crore in the previous year. EBITDA grew 21 per cent to Rs 178 crore from Rs 147 crore.

The Q-o-Q standalone EBITDA grew 47 per cent to Rs 25 crore from Rs 17 crore. The Consolidated Community Antenna TV (CATV) Revenue was driven by growing Average Revenue Per User (ARPUs). The Exit ARPU in Phase I and Phase II markets averaged at Rs 100 and Rs 67 respectively, exclusive of taxes.

The Hathway CATV Universe stood at 11.8 million subscribers that include 8.5 million digitised subscribers.
The cable broadband provider in the broadband at homes category passed 2.2 million while subscribers stood at 0.45 million. The Consolidated Gross Debt was recorded at Rs 1,483.1 crore and the Net Debt stood at Rs 1,256.2 crore.
The Standalone Gross Debt stood at Rs 1,084.0 crore while the Net Debt was recorded at Rs 914.3 crore.
For Q4FY15, Net Sales/Income from Operations stood at Rs 2,690.8 million and the total income stood at Rs 2,700.3 million. Total expenditure stood at Rs 2,390.5 million.

According to the company statement, the operational highlights of the company in the CATV section is to continue to seed boxes at a rapid pace in near future as well. It further stated that its strategy is to roll out a ‘semi’ prepaid business model which facilitates LCOs to respond more quickly to customer requests for specific packages/ channels on A-la-carte basis.

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