GTPL Hathway fourth quarter results: The company turned profitable with a net profit of Rs 16-crore.

GTPL Hathway reported a consolidated net profit of Rs 16 million for the quarter ended March 31, compared to a net loss of Rs 11 million in the same quarter of the previous fiscal.

The Gujarat-based cable TV and broadband service provider’s revenue for the quarter rose 16 per cent to Rs 814 crore, while expenses rose 14 per cent to Rs 792 crore.

The company’s net profit rose 10 per cent to Rs 111 crore in the fiscal year ending March 2024, driven by a 20 per cent rise in revenue to Rs 3,246 crore despite a 23 per cent rise in expenses to Rs 3,095 crore. .

GTPL Hathway’s active subscriber base increased by 550,000 year-on-year to 9.5 million. The number of paid subscribers was 8.8 million, an increase of 600,000 compared to the same period last year.

The number of broadband subscribers increased by 100,000 compared to the same period last year, reaching 1.02 million. Total Home Passes have increased by 500,000 to 580,000, of which 75% can be used for FTTX conversion.

Broadband average revenue per user (ARPU) stood at Rs 460 per subscriber per month during the year. Average monthly data consumption per user was 355 GB, up 10% year-over-year.” As we close out the fiscal year, we look back on our accomplishments with a renewed sense of purpose: 500,000 active subscribers for digital cable TV and 500,000 active subscribers for broadband. With over 1 million subscribers, we expect continued growth in the digital cable TV segment, driven by a shift in the market favoring large, organized MSOs like ours, said Anirudhsinh Jadeja, MD, GTPL Hathway. We will be working towards greater expansion in the coming year in line with the growing digital needs of our desired consumers,” said GTPL Hathway MD Anirudhsinh Jadeja. “Our long-term strategy includes bundling all our existing vertical products with the add-on of TV Everywhere. Includes tying. , games and other services to provide holistic and comprehensive solutions to customers’ media consumption needs.

“It perfectly combines the best of entertainment and connectivity.”

The company has entered three new states – Delhi, Haryana and Uttarakhand – and is expanding aggressively in Andhra Pradesh, Telangana, Tamil Nadu, Northeast and Haryana.