Breaking GTPL Hathway reports higher numbers and flat q-o-q ARPUs

[Manu]

BENGALURU: After declaring a maiden 10 percent dividend for the previous fiscal, Indian Multi-System Operator (MSO) and Broadband Internet Services (broadband) provider GTPL Hathway Limited has reported a year-over-year growth in standalone CATV total income of 25 percent for the quarter ended 30 June 2017 (Q1-18, current quarter). Quarter-on-quarter (q-o-q), standalone CATV total income however declined 5 percent on lower other income. The company’s Average Revenue per User (ARPU, net of taxes) was almost flat q-o-q across all the four DAS phases I, II, III and IV at Rs 100, 95, 54 and 40 respectively, except that in Q4-17, DAS phase IV ARPU reported by the company was slightly higher at Rs 41. GTPL Hathway reported CATV total income of Rs 1,782 million, Rs 1,884 million and Rs 1,423 million for Q1-18, Q4-17 and Q1-17 respectively.

The company’s has two subsidiaries – GTPL Broadband Private Limited a 100 percent subsidiary of GTPL Hathway and GTPL Kolkata Cable and Broadband Pariseva Limited (KCBPL) in which GTPL Hathway has a 51 percent stake.

Both the subsidiaries along with GTPL Hathway (standalone) contributed approximately 90 percent of revenue in consolidated accounts of financial year 2016-2017. The two subsidiaries also reported a healthy growth in numbers.
GTPL Hathway reports higher numbers and flat q-o-q ARPUs