GTPL Hathway adds 15K BB and 10,000 FTTx subs

GTPL Hathway Limited (GTPL), India’s leading Digital Cable TV and Broadband Service provider added 15,000 net broadband subscribers and 10,000 FTTx during Q1 FY20.

Data consumption per customer stands at 120 GB/month as on June 2019, up from 38 GB/month in March 2017.

The company has added 240,000 new home pass, seeded 200,000 STBs and added 300,000 digital paying subscribers during Q1 FY20.

Commenting on Q1 FY20 performance, Anirudhasinhji Jadeja, Managing Director, GTPL Hathway said, “Q1FY20 was the first full quarter with New Tariff Order (NTO), which has led to significant growth in subscription revenue. Subscription revenue grew by 47% on a y-o-y basis. Overall, our first quarter performance was in line with our expectation and we see our next three quarters equally exciting.”

“With NTO being stabilised, our focus on taking FTTH to more and more homes, re-launching industry’s first dual service product ‘GTPL GIGAHD’ to convert current customers along with adding new customers and concurrently launching hybrid set top box will help us to converge linear TV viewing with OTT usage. We will further increase the pace of growth momentum towards CATV and Broadband business in FY 2019-20,” added Jadeja.

Home Pass as on June 30, 2019 stood at 2.66 million and around 50% of home pass are available for FTTx connections.

Total broadband subscribers as on June 30, 2019 were 340,000 of which 64,000 are FTTX subscribers. The broadband average revenue per user (ARPU) for Q1 FY20 was Rs. 420.

GTPL Hathway’s consolidated Q1 FY20 PAT at Rs. 29.4 Cr, up 121% Y-o-Y and consolidated revenue stood at Rs. 454.3 Cr, up 50% y-o-y.

 

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