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.”