GTPL Hathway’s Q4 PAT rises multi fold to Rs57cr; FY21 PAT rises 145% yoy; Stock ends 4% higher

The cable service provider company reduces gross debt by Rs69.3cr in FY21. The company’s board has recommended increasing the dividend to Rs4 per share in FY21.

Apr 16, 2021 04:04 IST India Infoline News Service

GTPL Hathway Limited (GTPL), India’s leading Digital Cable TV and Broadband Service provider, achieved consolidated net profit of Rs57cr in Q4FY21 the company reported a consolidated net loss of Rs13.63cr in Q4FY20. The FY21 PAT stood at Rs188.5cr; up 145% yoy.

The company stock was bullish on Friday and ended trade at Rs130.30 up by Rs5.45 or 4.37% from its previous closing of Rs124.85 on the BSE. It hit a day's high of Rs134.40 per piece on Friday.
The cable service provider company reported consolidated Q4FY21 revenue (ex-EPC) at Rs599cr; up 29% yoy. For the whole Fiscal consolidated revenue (ex-EPC) stood at Rs2148.4cr; up 21% yoy. The Media company announced this on Friday in the financial results for the fourth quarter and twelve months ended on March 31, 2021.

The ISP revenue in Q4FY21 stood at Rs81.7cr; up by 77% yoy; FY21 ISP Revenue stood at Rs279.2cr; up by 67% yoy.

The company reduced gross debt by Rs69.3cr in FY21. As on FY21, Paying Subscribers stood at 7.5 million. It added 45,000 net broadband subscribers in Q4FY21, total net addition of 2,30,000 broadband subscribers in FY21.

Data consumption per customer at 212 GB/month as on March 2021; up from 162 GB/month in March 2020; Data consumption increased 31% yoy.

“GTPL Hathway consistently delivered on key KPIs, despite lockdown and restrictions in FY21. The highlight of FY21 was the growth in subscription revenues for both CATV and Broadband business, strong profitability, net-debt free status, geographical expansion, healthy balance sheet and improved return ratios.

We have reduced our gross debt by Rs693 million in FY21. Additionally, the Company’s board has recommended to increase the dividend to Rs4 per share in FY21. The Company associated with Mr. Boman Irani as its Brand Ambassador during Q4FY21. GTPL is gearing up to launch new products and services in FY22, thereby propelling its value-proposition in existing and new markets,” Anirudhsinh Jadeja, Managing Director, GTPL Hathway said.

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