GTPL Hathway Reports 162GB Data Consumption per Month

GTPL Hathway on Tuesday announced the results for its fourth quarter and year ended March 2020 with the company reporting a subscription revenue of Rs 264.7 crore in the fourth quarter. The subscription revenue represents an 27% year-on-year (YoY) increase and 3% increase from the previous quarter. The company engaged in digital Cable TV and broadband services said that it added 700,000 paying subscribers in the year ended March 2020 in its Cable TV business. Further 150,000 of those subscribers were said to be added in the fourth quarter alone. In its broadband segment, GTPL Hathway has 400,000 active subscribers with 80,000 added in the financial year ended March 2020 including the addition of 30,000 subscribers in the fourth quarter. The company reported a net profit of Rs 77 crore in the year ended March 2020 representing an 302% YoY increase with 41% YoY increase in Cable TV subscription revenue.

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Broadband Consumptions Sees 54% YoY Increase

The company said that the data consumption per customer on average was 162GB per month as of March 2020 as compared to 102GB per month in March 2019, representing an 54% increase.

GTPL Hathway said that the broadband segment reported an 16% YoY increase in revenues. Further, the company is said to have emerged as one of the largest private wireline broadband service provider in Gujarat.

The average revenue per user for the year ended March 2020 is said to be Rs 422, representing an 2% YoY increase.