GTPL Hathway consolidated revenue up 115% y-o-y in Q3 FY20

Consolidated profit after tax stands at Rs 32.9 crore; up 77% y-o-y in Q3 FY20

e4m by exchange4media Staff
Updated: Jan 10, 2020 7:48 AM
GPTL

GTPL Hathway Limited (GTPL) has announced the financial results for the third quarter and nine months ended on December 31, 2019, as approved by its Board of Directors.

Commenting on the performance, Anirudhsinh Jadeja, Managing Director, GTPL Hathway said, “GTPL continued to deliver strong business and financial performance in the third quarter of FY20. During the quarter, we seeded 150,000 STBs and reported a strong 44% increase in CATV subscription revenue. As we had communicated during the last quarter, our strong cash flow generation is helping us not only meet our CapEx requirement but also help in reducing the debt. During Q3, we further reduced our debt by ₹475 million and, with that, our net debt as on December 31, 2019, stood at ₹1,861 million.”

Q3 FY20 Consolidated Financial Performance Highlights (as per IND AS)

  • Revenue at ₹687.5 crore, up 115% y-o-y
  • Revenue (ex. EPC) at ₹449.9 crore, up 41% y-o-y
  • CATV subscription revenue at ₹ 258.1 crore, up 44% y-o-y
  • Broadband revenue at ₹42.2 crore, up 17% y-o-y
  • EBITDA at ₹135.2 crore; up 62% y-o-y; EBITDA (ex. EPC) at ₹118.8 crore; up 43% y-o-y; EBITDA margin (ex. EPC) at 26.4%
  • Profit after tax at ₹32.9 crore; up 77% y-o-y
  • Profit after tax (ex. EPC) at ₹20.5 crore; up 11% y-o-y Page 2 of 3
  • Q3 FY20 EPC Contract revenue, EBITDA and PAT at ₹237.7 crore, ₹16.5 crore and ₹12.3 crore respectively.

9 Months FY20 Consolidated Financial Performance Highlights (as per IND AS)

  • Revenue at ₹1758.2 crore, up 87% y-o-y
  • Revenue (ex. EPC) at ₹1287.9 crore, up 37% y-o-y
  • CATV subscription revenue at ₹766.1 crore, up 46% y-o-y
  • Broadband revenue at ₹121.3 crore, up 13% y-o-y
  • EBITDA at ₹377.9 crore; up 47% y-o-y; EBITDA (ex. EPC) at ₹344.7 million; up 34% y-o-y; EBITDA margin (ex. EPC) at 26.8%
  • Profit after tax at ₹90.8 crore; up 92% y-o-y
  • Profit after tax (ex. EPC) at ₹66.5 crore; up 41% y-o-y
  • 9M FY20 EPC Contract revenue, EBITDA and PAT at ₹469.1 crore, ₹33.2 crore and  24.2 crore respectively.

Q3 FY20 Standalone Financial Performance Highlights (as per IND AS)

  • Revenue at ₹557.4 crore, up 168% y-o-y
  • Revenue at (ex. EPC) ₹319.7 crore; up 54% y-o-y.
  • CATV subscription revenue at ₹178.4 crore; up 52% y-o-y.
  • EBITDA at ₹95.2 crore up 77% y-o-y; EBITDA (ex. EPC) at ₹78.8 crore up 47% y-o-y; EBITDA margin (ex. EPC) at 24.6%
  • Profit after tax came in at ₹34.8 crore; up 157% y-o-y
  • Profit after tax (ex. EPC) came in at ₹22.5 crore; up 66% y-o-y

9 Months FY20 Standalone Financial Performance Highlights (as per IND AS)

  • Revenue at ₹1345.6 crore; up 120% y-o-y.
  • Revenue at (ex. EPC) ₹875.4 crore; up 43% y-o-y.
  • CATV subscription revenue at ₹515.0 crore; up 50% y-o-y.
  • EBITDA at ₹263.9 crore up 57% y-o-y; EBITDA (ex. EPC) at ₹230.7 crore up 37% y-o-y; EBITDA margin (ex. EPC) at 26.3%
  • Profit after tax came in at ₹84.6 crore; up 155% y-o-y
  • Profit after tax (ex. EPC) came in at ₹60.3 crore; up 82% y-o-y

Business Performance Highlights CATV

  • GTPL seeded 1,50,000 STBs during third quarter FY20, taking total seeded STBs as on December 31, 2019, to 10.05 million.
  • Digital paying subscribers as on December 31, 2019, stood at 7.35 million, increased by 100,000.

Broadband

  • During Q3 FY20, the company added 2,40,000 Home Pass. Home Pass as on December 31, 2019, stood at 3.16 million.
  • Added 20,000 net broadband subscribers during Q3 and 10,000 FTTX subscribers. Total subscribers as on December 31, 2019, were 3,75,000 of which 85,000 are FTTX subscribers.
  • The Broadband average revenue per user (ARPU) for Q3 FY20 was maintained at ₹ 415.

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