GTPL Hathway Adds 230,000 Broadband Users, Users Consume 212GB Data Per Month

GTPL Hathway Broadband

ICICI Direct on Wednesday said that the “strong operating performance” registered by GTPL Hathway in the fourth quarter of 2021 financial year has been a “result of remarkable growth in the broadband segment.” According to the report released by ICICI Direct, one of the largest retail broker and financial product distributors in India, GTPL Hathway’s broadband segment registered “stupendous growth” while its cable TV business remained “stable.” GTPL Hathway on April 16, 2021, announced the financial results for the quarter ended March 31, 2021, with the company recording an 77% year-over-year (YoY) increase in its consolidated broadband revenue. The company said that the revenues from its broadband segment touched Rs 81.7 crore in its fourth quarter of the previous financial year. In the third quarter of the 2021 financial year, GTPL Hathway recorded Rs 77.8 crores from its broadband segment.

  • Make Telecom Talk My Trusted Source
  • Source of Google
  • Source of Google

GTPL Hathway Adds 230,000 Broadband Users in FY21

GTPL Hathway said that it added 230,000 net broadband users in the 2021 financial year with 45,000 net additions recorded in its fourth quarter.

The company said that the data consumption per user touched 212GB per month as on March 2021 as compared to 162GB per month in March 2020, translating to an 31% YoY increase. GTPL Hathway said that the average revenue per user (ARPU) in the broadband segment touched Rs 445 for the 2021 financial year translating to an 5% YoY increase.

Further, GTPL Hathway said that the consolidated subscription revenues from its cable TV segment touched Rs 266.5 crore in its fourth quarter of the 2021 financial year. In the third quarter of the previous financial year, GTPL Hathway recorded Rs 271.8 crores from its cable TV segment.

“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,” Anirudhsinh Jadeja, managing director of GTPL Hathway, said in a release.