Hathway’s Q2 carriage rev up at Rs82.4 cr, seeds 250,000 STBs

[Dinesh jain]

MUMBAI: Multi-system operator (MSO) Hathway
Cable & Datacom added 250,000 subscribers in
the second quarter of the fiscal ended 30
September 2014, taking its total digital cable
base to 8.40 million.
“With this we have seeded nearly 72 per cent of
our subscriber base, by far the highest among all
the major MSOs in the country. With nearly 700k
STBs in stock, we will continue to seed boxes at
a rapid pace in the near future as well,” the
company said.
As of 30 September, Hathway’s total cable
universe stood at 11.70 million subscribers, while
its pay cable subscribers remained at 6.40
million. The home broadband passed 1.95 million
subscribers and broadband subscribers stood at
0.42 million.
Carriage revenue at Rs 82.4 crore in Q1
Hathway’s carriage (placement fees) revenue
stood at Rs 82.4 crore (Rs 824 million) in the
second quarter. Carriage continued to account
for 31 per cent of the MSO’s total revenue. In
the trailing quarter, Hathway’s carriage revenue
was at Rs 78.2 crore (Rs 782 million).
Operating revenue for the quarter saw a 5.2 per
cent quarter-on-quarter rise to Rs 263.5 crore
(Rs 2.63 billion), compared to Rs 250.22 crore
(Rs 2.50 billion) in the first quarter.
Collection from activation charges totalled Rs
22.1 crore (Rs 221 million) in the quarter.
Hathway’s subscription revenue stood at Rs 111
crore (Rs 1.11 billion).
Net loss widens
Hathway’s net loss widens to Rs 39.3 crore (Rs
393 million) from Rs 90 lakh (Rs 9 million) in the
trailing quarter.
For the quarter under review, Hathway’s
operating profit (EBITDA) stood lower at Rs 40
crore (Rs 400 million), as against Rs 43.9 crore
(Rs 439 million) in the first quarter of the fiscal.

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