{"id":143766,"date":"2023-04-18T03:58:14","date_gmt":"2023-04-18T07:58:14","guid":{"rendered":"https:\/\/44.250.171.167\/?p=143766"},"modified":"2023-04-18T03:59:35","modified_gmt":"2023-04-18T07:59:35","slug":"gtpl-hathway-ltd-q4-fy23-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/gtpl-hathway-ltd-q4-fy23-earnings-conference-call-insights\/","title":{"rendered":"GTPL Hathway Ltd Q4 FY23 Earnings Conference Call Insights"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"GTPL Hathway Ltd Q4 FY23 Earnings Concall\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/L4kIeqmi3O8?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><strong>Key highlights from GTPL Hathway Ltd (GTPL) Q4 FY23 Earnings Concall<\/strong><\/p>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>[00:07:16] Yash Sarda from Sushil Finance asked about any update on GTPL Genie and how many from existing broadband have opted for the plan. Anirudhsinh Jadeja MD said as of April, 12,000 subscribers have taken Genie+ service since its launch in Dec., with 8,000 from broadband and 4,000 from cable.<\/li>\n<\/ul>\n<ul>\n<li>[00:07:43] Yash Sarda with Sushil Finance queried about the conversion of cable TV subscribers to broadband due to OTT and IPL streaming. Anirudhsinh Jadeja MD clarified there has been no noticeable effect of JioCinema&#8217;s free services on subscription rejection or subscriber reduction due to the IPL.<\/li>\n<\/ul>\n<ul>\n<li>[00:11:45] Aniket from BMSPL asked what will happen to broadband business ARPU in the next 2-3 years with the emergence of OTT providers such as Reliance. Anirudhsinh Jadeja MD answered that GTPL has increased ARPU from INR400 to INR460 over the last two years and plans to keep increasing it by moving lower package customers to higher packages.<\/li>\n<\/ul>\n<ul>\n<li>[00:13:46] Karan Mehta from Nirzar Securities enquired if the increase in pay channel costs per year is recurring and what is the percentage increase for the next 2-3 years. Anirudhsinh Jadeja MD replied that GTPL recommends that analysts look at the channel along with marketing and placement revenues. Net pay channel cost is expected to increase by 2-3% over the years, up to INR10 crores, out of subscription contributing INR25-27 crores.<\/li>\n<\/ul>\n<ul>\n<li>[00:15:13] Karan Mehta from Nirzar Securities enquired about the replacement cycle for fixed assets in both of GTPL businesses. Anirudhsinh Jadeja MD answered that fixed assets such as SPBs and routers have different depreciation times. SPB&#8217;s depreciate in 8 years, while routers depreciate in 8-10 years. This means that it takes 8-10 years to replace any fixed asset, as the boxes deployed in 2011-2012 are still going strong.<\/li>\n<\/ul>\n<ul>\n<li>[00:16:26] Karan Mehta from Nirzar Securities asked about the incremental cost and depreciation cost per subscriber for both of GTPL businesses. Anirudhsinh Jadeja MD answered that the incremental operating cost for adding one subscriber is around INR30. Depreciation per subscriber is around INR90 in the cable side and INR60-70 in the broadband side.<\/li>\n<\/ul>\n<ul>\n<li>[00:20:45] Pawan Nahar asked about capex plans for FY24. Anirudhsinh Jadeja MD said GTPL spent INR468.5 crores on capex in FY23, with broadband capex at INR225 crores and the rest going to CATV. For the next three years, GTPL is aiming to invest around INR1,400 crores, with 50% of that going to each business.<\/li>\n<\/ul>\n<ul>\n<li>[00:38:01] Saket Kapoor at Kapoor Company asked what<span data-offset-key=\"bu4cn-19-0\"> mix<\/span><span data-offset-key=\"bu4cn-20-0\"> between<\/span><span data-offset-key=\"bu4cn-21-0\"> cable<\/span><span data-offset-key=\"bu4cn-22-0\"> TV<\/span><span data-offset-key=\"bu4cn-23-0\"> and<\/span><span data-offset-key=\"bu4cn-24-0\"> broadband<\/span><span data-offset-key=\"bu4cn-25-0\"> do<\/span><span data-offset-key=\"bu4cn-26-0\">es GTPL expect<\/span><span data-offset-key=\"bu4cn-28-0\"> to<\/span><span data-offset-key=\"bu4cn-29-0\"> see<\/span><span data-offset-key=\"bu4cn-30-0\">,<\/span><span data-offset-key=\"bu4cn-31-0\"> taking<\/span><span data-offset-key=\"bu4cn-32-0\"> into<\/span><span data-offset-key=\"bu4cn-33-0\"> account<\/span><span data-offset-key=\"bu4cn-34-0\"> the<\/span><span data-offset-key=\"bu4cn-35-0\"> increased<\/span><span data-offset-key=\"bu4cn-36-0\"> internet<\/span><span data-offset-key=\"bu4cn-37-0\"> penetration<\/span><span data-offset-key=\"bu4cn-38-0\"> and<\/span><span data-offset-key=\"bu4cn-39-0\"> the<\/span><span data-offset-key=\"bu4cn-40-0\"> laying<\/span><span data-offset-key=\"bu4cn-41-0\"> of<\/span><span data-offset-key=\"bu4cn-42-0\"> optic<\/span><span data-offset-key=\"bu4cn-43-0\"> fiber<\/span><span data-offset-key=\"bu4cn-44-0\"> cables<\/span><span data-offset-key=\"bu4cn-45-0\">. Anirudhsinh Jadeja MD said that around 60-65% of capex has been in the broadband side in the last six years, and this has resulted in a 3.8x increase in broadband subscribers and 2x growth in the cable side. The cable industry will continue to generate cash and grow by combining services together to offer customers a comprehensive range of products.<\/span><\/li>\n<\/ul>\n<ul>\n<li>[00:42:53] Saket Kapoor at Kapoor Company enquired about the O&amp;M contract of 17,000 KM of optical fiber for BharatNet. Anirudhsinh Jadeja MD replied that GTPL has the capability to do large projects like the EPC project which was completed last year and it will participate in more tenders as they become available.<\/li>\n<\/ul>\n<ul>\n<li>[00:50:47] Rikesh Parekh at Rockstead Capital enquired what\u2019s the medium-term plan for expansion of cable TV business over the next 2-3 \u00a0years, in terms of expansion and size. Anirudhsinh Jadeja MD said GTPL is expanding its cable side by 1 million subscribers a year and entering new markets, maintaining the same EBITDA margins and recovering any admin expenses incurred within a quarter.<\/li>\n<\/ul>\n<ul>\n<li>[00:53:12] Rikesh Parekh at Rockstead Capital asked about the game plan with GTPL Genie. Anirudhsinh Jadeja MD answered that GTPL is offering a B2C product that bundles Cable, Broadband and OTT services. It anticipates good margins on the OTT side and growth in the markets going forward.<\/li>\n<\/ul>\n<ul>\n<li>[01:02:00] Yash Sarda from Sushil Finance asked about the avg. earnings per user decreasing in the Internet service business. Anirudhsinh Jadeja MD said GTPL is aiming to grow its subscriber base by 40-50% over the next two years while maintaining its current level of ARPU and enhancing its technology to serve more customers.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from GTPL Hathway Ltd (GTPL) Q4 FY23 Earnings Concall Q&amp;A Highlights: [00:07:16] Yash Sarda from Sushil Finance asked about any update on GTPL Genie and how many from existing broadband have opted for the plan. Anirudhsinh Jadeja MD said as of April, 12,000 subscribers have taken Genie+ service since its launch in Dec., [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"GTPL Hathway Ltd Q4 FY23 Earnings Conference Call Insights #GTPL #Q4 #FY23 #Earnings #Stocks","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,392,8],"tags":[8592,10169,8156],"class_list":["post-143766","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-technology-stocks","tag-cable","tag-earnings","tag-internet"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":143763,"url":"https:\/\/alphastreet.com\/india\/gtpl-hathway-ltd-gtpl-q4-fy23-earnings-concall-transcript\/","url_meta":{"origin":143766,"position":0},"title":"GTPL Hathway Ltd (GTPL) Q4 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"April 17, 2023","format":false,"excerpt":"GTPL Hathway Ltd\u00a0(NSE: GTPL) Q4 FY23 earnings concall dated Apr. 17, 2023 Corporate Participants: Anirudhsinh Jadeja\u00a0--\u00a0Promoter and Managing Director Piyush Pankaj\u00a0--\u00a0Business Head, CATV and Chief Strategy Officer Analysts: Pulkit Chawla\u00a0--\u00a0Emkay Global & Financial Services -- Analyst Yash Sarda\u00a0--\u00a0Sushil Finance -- Analyst Aniket\u00a0--\u00a0BMSPL -- Analyst Karan Mehta\u00a0--\u00a0Nirzar Securities -- Analyst Pawan\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"Earnings Conference Call Transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":154906,"url":"https:\/\/alphastreet.com\/india\/gtpl-hathway-ltd-q2fy24-23-fall-in-profits\/","url_meta":{"origin":143766,"position":1},"title":"GTPL Hathway Ltd Q2FY24; 23% fall in Profits","author":"Hardik Bhandare","date":"October 16, 2023","format":false,"excerpt":"GTPL was established in 2006, by Mr. Anirudhsinhji Jadeja, Mr. Kanaksinh Rana, and other MSOs, such as Gujarat Telelink Pvt Ltd. It provides services such as analogue cable TV, digital cable TV, and broadband internet in states such as Gujarat, West Bengal, and Maharashtra. The company got its present name\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/image-14.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/image-14.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/image-14.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/image-14.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/image-14.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/image-14.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":154944,"url":"https:\/\/alphastreet.com\/india\/gtpl-hathway-ltd-q2-fy24-earnings-conference-call-insights\/","url_meta":{"origin":143766,"position":2},"title":"GTPL Hathway Ltd Q2 FY24 Earnings Conference Call Insights","author":"Praveen","date":"October 16, 2023","format":false,"excerpt":"Key highlights from GTPL Hathway Ltd (GTPL) Q2 FY24 Earnings Concall Financial Performance The company reported strong financial performance for Q2 FY24, beating previous quarters. Revenue grew 19% YoY to INR7,900 million. Consolidated EBITDA was INR1,351 million with 17.1% margin. Profit after tax stood at INR344 million. Subscriber Growth Added\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":128429,"url":"https:\/\/alphastreet.com\/india\/gtpl-hathway-q4-fy-2022-research-tear-sheet\/","url_meta":{"origin":143766,"position":3},"title":"GTPL Hathway Q4 FY 2022 Research Tear Sheet","author":"sreerupa","date":"April 11, 2022","format":false,"excerpt":"GTPL Hathway is a\u00a0cable 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\u2026","rel":"","context":"In &quot;Research Summary&quot;","block_context":{"text":"Research Summary","link":"https:\/\/alphastreet.com\/india\/category\/research-summary\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":149170,"url":"https:\/\/alphastreet.com\/india\/gtpl-hathway-ltd-q1-fy24-27-fall-in-profits\/","url_meta":{"origin":143766,"position":4},"title":"GTPL Hathway Ltd Q1 FY24; 27% Fall In Profits","author":"Hardik Bhandare","date":"July 14, 2023","format":false,"excerpt":"GTPL was established in 2006, by Mr. Anirudhsinhji Jadeja, Mr. Kanaksinh Rana, and other MSOs, such as Gujarat Telelink Pvt Ltd. It provides services such as analogue cable TV, digital cable TV, and broadband internet in states such as Gujarat, West Bengal, and Maharashtra. The company got its present name\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-22.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-22.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-22.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-22.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-22.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/07\/image-22.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":149347,"url":"https:\/\/alphastreet.com\/india\/gtpl-hathway-ltd-gtpl-q1-fy23-earnings-concall-transcript-3\/","url_meta":{"origin":143766,"position":5},"title":"GTPL Hathway Ltd (GTPL) Q1 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"July 17, 2023","format":false,"excerpt":"GTPL Hathway Ltd (NSE: GTPL) Q1 FY23 Earnings Concall dated Jul. 17, 2023 Corporate Participants: Anirudhsinh Jadeja\u00a0--\u00a0Managing Director Piyush Pankaj\u00a0--\u00a0Business Head CATV and Chief Strategy Officer Analysts: Pulkit Chawla\u00a0--\u00a0Emkay Global Financial Service -- Analyst Gaurav\u00a0--\u00a0Private Investor -- Analyst Saket Kapoor\u00a0--\u00a0Kapoor & Company -- Analyst Ranjit Zaveri\u00a0--\u00a0Private Investor -- Analyst Rahul\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/143766","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1767"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=143766"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/143766\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125416"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=143766"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=143766"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=143766"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}