GTPL Hathway records stellar growth in PAT of 21% yoy

13 Jan 2022 , 05:26 PM

GTPL Hathway announced its Q3 results on Thursday and reported stellar growth in its financials. According to the company, Q3 FY22 ISP Revenue stood at Rs 1,054 million; up by 35% y-o-y; while 9M FY22 at Rs 2,978 million; strolled by 51% y-o-y.

The company’s EBITDA (incl. EPC) for Q3 FY22 recorded at Rs1,473 million, and Q3 FY22 EBITDA (ex-EPC) Rs 1,472 million; and Q3 FY22 PAT stood at Rs 546 million; up by a whopping 21% y-o-y.

Company reported its 9M FY22 EBITDA (incl. EPC) at Rs 4,301 million; up by 3% y-o-y. While 9M FY22 EBITDA (ex-EPC) stood at Rs 4,277 million; spiked by 6% y-o-y. The 9M FY22 PAT at Rs 1,454 million; which increased by 11% y-o-y.

For 9M FY22, the company’s Paying Subscribers stood at 7.50 million, and new broadband subscribers added during the quarter were 1,30,000.

The company’s consolidated revenue for Q3 FY’22 is reported at Rs 6,130 million, while Revenue (ex. EPC) is atRs 6,110 million; up 9% y-o-y. It also reported its CATV subscription revenue at Rs 2,702 million, while Broadband revenue increased by 35% y-o-y, at Rs 1,054 million. Its consolidated PAT for Q3 FY’22 showed an extensive increase of 21%, y-o-y.

Commenting on the performance, Anirudhsinh Jadeja, Managing Director, GTPL Hathway, said, the highlight of the 9M FY22 performance was CATV business expansion in new states coupled with robust subscriber additions & subscription revenues for Broadband business. On the Broadband side, the Company is expanding in Gujarat and is penetrating other states through business partners. GTPL Hathway added 1,30,000 net broadband subscribers in 9M FY22. The Company adheres to follow its strategic roadmap by offering a value proposition to its esteemed consumers and constantly enrich their experience.”