GTPL Hathway PAT stood at Rs 36 crore in Q1FY24

Broadband Service provider, GTPL Hathway Limited has announced its Financial Results for the quarter ending June 30, 2023.

Key Financial Highlights:

• Q1 FY24 Revenue stood at Rs 780.6 crore - a growth of 11% QoQ and 21% YoY; Subscription Revenue increased by 8% Q-o-Q and 9% YoY
• Q1 FY24 Profit After Tax stood at Rs 36 crore
• CATV business active subscribers grew by 650K YoY; Active subscribers stood at 9.05 million as on June 30, 2023.
• Broadband business active subscribers grew by 115K YoY; Active subscribers stood at 960K & Homepass stood at 5.40 million as on June 30, 2023
• ARPU for broadband business is at Rs 460/- increased by Rs 10/- YoY
• Acquired 34.34% of Metro Cast Network India Private Limited to boost presence in key existing markets of Maharashtra and Karnataka

Anirudhsinh Jadeja, Managing Director GTPL Hathway Limited said, “GTPL continues to be the largest MSO in the country and the largest Digital Cable TV & Broadband player in Gujarat. 

"We are consistently adding active subscriber base in both business segments and our goal will be to ensure that the Company stays firmly on this path of growth while ensuring we serve our customers’ expectations well,” MD added.

Source: Media Reports