gReliance group stock India’s largest MSO that provides digital cable TV services, broadband services, and many more slumped upto 10 percent in the day’s trade following a decline in Net Profits by 61 percent.
Price Action
With a market capitalization of Rs. 1,498 Crores, the shares of GTPL Hathway Limited were trading at Rs. 133.20 per equity share, down 9.5 percent from its previous day’s close price of Rs. 147.15.
Q3 FY25 Results
Its Revenue from operations grew by 4 percent YoY from Rs. 850.87 Crores in Q3FY24 to Rs. 887.27 Crores in Q3FY25 and it grew by 3.7 percent QoQ from Rs. 855.56 Crores in Q2FY25 to Rs. 887.27 Crores in Q3FY25.
Its Net Profit declined by 61 percent YoY from Rs. 246.7 Crores in Q3FY24 to Rs. 96.31 Crores in Q3FY25 and it declined by 30 percent QoQ from Rs. 137.40 Crores in Q2FY25 to Rs. 96.31 Crores in Q3FY25. Its Net Profit Margin decreased from 2.86 percent in Q3FY24 to 1.07 percent in Q3FY25.
Operational Highlights
As of December 2024 the active subscribers for Digital Cable TV stood at 9.6 Mn with an increase by 200K Y-o-Y, paying subscribers stood at 8.90 Mn, increasing by 200K Y-o-Y, and Total subscription Revenue stood at Rs. 302.4 Cr.
Coming to broadband
The subscribers increased by 37,000 YoY to 1,042 K, Broadband average revenue per user (ARPU) stood at Rs. 465 per month per subscriber for the quarter, increased by Rs. 5 Y-o-Y and average data consumption per user per month was 365 GB, an increase of 6 percent Y-o-Y.
Management Comments
Commenting on Results Mr. Anirudhsinh Jadeja – Managing Director, GTPL Hathway Limited said “GTPL continues to consistently grow its subscriber base across both business divisions, reflecting our commitment to provide best-in class and innovative products and services to our customers.
Our focus on providing a holistic experience for our subscribers has enabled us to maintain our position as the largest MSO in the country. We are confident of our growth in upcoming quarters in both the business segments based on favorable industry dynamics towards continued consolidation.”
About the Company
GTPL Hathway Limited is India’s largest MSO that provides digital cable TV services and is one of the largest private wireline broadband service providers. It provides Combined Offerings of Digital Cable TV & OTT services.
The Company’s Digital Cable TV services reach 1,500 plus towns across India in 23 states. The company enjoys an expansive network, comprising over 47,000+ business partners, 200+ broadcasters, 1,750+ enterprise clientele, and active participation in 30+ government projects
It offers broadband services through GTPL Broadband Private Limited, its wholly owned subsidiary (GTPL Broadband). GTPL Broadband offers high-speed and unlimited data broadband to its customers using the Gigabit Passive Optical Network – Fiber to the Home.
Written by: Bharath K.S
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