GTPL Hathway Q3FY20 cons. PAT rises 77% yoy to Rs32.9cr

Digital paying subscribers as on December 31, 2019 stood at 7.35 million, marking an addition of 100,000 subscribers in Q3.

Jan 10, 2020 02:01 IST India Infoline News Service

GTPL Hathway Limited, India’s leading Digital Cable TV and Broadband Service provider, on Thursday announced its financial results for the third quarter and nine months ended on December 31, 2019, as approved by its Board of Directors.

Q3 FY20 Consolidated Financial Performance Highlights (as per IND AS)

  • Total Revenue at Rs687.5cr, up 115% yoy
  • EBITDA at Rs135.2cr; up 62% yoy
  • EBITDA margin at 26.4%
  • Profit after tax at Rs32.9cr; up 77% yoy

Commenting on performance, Anirudhsinh Jadeja, Managing Director, GTPL Hathway said, “GTPL continued to deliver strong business and financial performance in third quarter of FY20. During the quarter, we seeded 150,000 STBs and reported a strong 44% increase in CATV subscription revenue. As we had communicated during the last quarter, our strong cash flow generation is helping us not only meet our capex requirement but also helping in reducing the debt. During Q3, we further reduced our debt by Rs475 million and, with that, our net debt as on December 31, 2019 stood at  Rs1,861 million.”
Hathway Cable & Datacom Ltd ended at Rs19.25 down by Rs0.05 or 0.26% from its previous closing of Rs19.30 on the BSE.
The scrip opened at Rs19.20 and touched a high and low of Rs19.50 and Rs19 respectively. A total of 3,31,742 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs3,416.30cr.

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