GTPL Hathway is a cable TV distribution company in India. It provides digital cable television services in 169 towns. It was set up in 2006.The company has its headquarter in Ahmedabad, India. It mainly deals with Cable television, Broadband Internet, Digital voice and Home networking. The stocks are traded both on BSE and NSE.
Consolidated Financial Highlights
FY22 Revenue grew 12% YoY to ₹ 24,154 million.
In FY 22 Broadband Revenue grew of 46% YoY at ₹ 4,075 million.
EBITDA increased 4% YoY at ₹ 5,677 million.
PAT increased 4% YoY to ₹ 380 million for FY 22
For FY 22 EBITDA margin stood at 24%.
The Company declared 40% Dividend for FY22.
Business Highlights
It launched GTPL Genie which offers live TV channels bundled with OTT Applications.
The company has expanded its operation in 5 more states.
Paying subscribers increased to 7.8 million.
181K net broadband subscribers in FY22 are added.
The company has distributed 760+ channels including 95+ HD channels across India.
Strategic Movements
Expanding aggressively in Andhra Pradesh, Maharashtra, Telangana, Tamil Nadu and North-East.
Increased Active & Paying subscribers by 400K & 300K respectively on Y-o-Y basis.
Partnered with Aprecomm.
Launched first WhatsApp based Chatbot.
The company is targeting itself to be a Net Debt Free company.
GTPL has ventured into new markets withacquisition and consolidation.
It has Increased Broadband penetration in Rural Gujarat.