GTPL Hathway Reports 162GB Data Consumption per Month

Published by
Bala Yogesh

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.

Hathway,GTPL Hathway,GTPL Hathway Broadband,Broadband,Data Consumption per Month

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.

New Tariff Order Drags Cable TV Segment

GTPL Hathway said that it has seeded over 700,000 Set-Top Boxes (STB) during the year ended March 2020. The company noted that the total STBs seeded to customers has now surged to 10.2 million as of March 31, 2020.

However, GTPL Hathway said that the year ended March 2020 was the first full year of implementation of a new tariff framework across the industry and that has hurt the earning profile of local cable operators (LCO). The company has marked 67.9 crores as “exceptional items” due to the changes in the framework.

“FY20 was the first full year of implementation of the New Framework across the industry,” Anirudhsinh Jadeja, managing director of GTPL Hathway, said in the release. “Implementation of new regime prima facie resulted in change in LCOs’ earning profile adversely and restricted their cash flow cycle, consequently, lowering their ability to pay their dues to the Company.”

It has to be noted that the company expanded into Tamil Nadu during the year ended March 2020, thereby expanding its presence to 12 states across India. GTPL Hathway also expanded its presence in Telangana and Andhra Pradesh with the subscriber base increasing by 30% in the two states.

Additionally, it was also said that the company had regained its subscriber base that was initially lost due to NTO implementation.

Bala Yogesh

Born in India, Yogesh loves to travel and has lived in multiple countries including New Zealand and Canada. His bylines can be found on various newspapers and blogs throughout the world, including Vancouver Sun, Surrey Now-Leader, Daily Hive , Investing News Network and Rach F1.

Published by
Bala Yogesh

Recent Posts

Airtel Becomes First to Launch 4G in Kaksar, Border Village of Kargil District

Bharti Airtel, India’s second largest telecom operator, has become the first company to launch 4G…

Tech Mahindra and Axiata to Develop 5G Solutions for Enterprises in Five Countries

Tech Mahindra, a leading Indian company in providing digital solutions and consulting has announced that…

Vodafone Idea is Going to Remove Extra Data Offer Tomorrow

Vodafone Idea (Vi), India's third-largest telecom service provider, is soon going to remove the extra…

Jio 4G was Down for Many Users in India this Morning, But Restored Now

Reliance Jio, India's largest telecom operator, gave a slight shock to its users earlier this…

Reliance Jio 5G SA: What General Public Needs to Know

Reliance Jio is going to be India's first significant telecom operator to establish 5G standalone…

Airtel 5G is Available in Four Airports and Several Cities Now: Check

Airtel has expanded its 5G Plus services. Since launching its 5G network in early October,…

BSNL Rs 298, Rs 319, Rs 347 and Rs 395 Plans Come with Weird Validities

The state-run telecom company in India goes by the name Bharat Sanchar Nigam Limited (BSNL).…

Google Updates Gmail, Sheets and More with New Features

Google has announced that it is updating its Workspace apps with new features. According to…

Samsung Galaxy S23 Series Could be Much Better than iPhone 14 Devices: Here’s Why

Android and iOS compete for market share in smartphones. On the other hand, in addition…