Latest news with #AnirudhsinhJadeja
Time of India
18 hours ago
- Business
- Time of India
GTPL Hathway Q1 net profit drops 27% to 10.5 crore
GTPL Hathway , India's largest digital cable television operator and a leading broadband provider , has reported a 27% year-on-year decline in net profit to Rs 10.5 crore for the quarter ended June. EBITDA fell 7% to Rs 112 crore. Consolidated revenue for the first quarter of FY26 rose 7% year-on-year to Rs 909.1 crore. The company's core cable TV business generated Rs 301.8 crore in revenue during the quarter. This represents a marginal decline from Rs 319.3 crore in Q1 FY25, though the overall subscriber base remained stable. Active cable TV subscribers stood at 9.6 million, of which 8.9 million were paying customers. Average revenue per user ( ARPU ) for broadband rose by Rs 5 to Rs 465, while average monthly data consumption per user surged 17% year-on-year to 410 GB. GTPL added 50,000 new home passes during the year, bringing the total to 5.95 million. Notably, 75% of its network is now FTTX-ready, strengthening its position for deeper broadband penetration. 'The company has sustained its subscriber base across both our cable TV and broadband businesses, demonstrating operational resilience in a dynamically evolving and competitive industry landscape,' said Anirudhsinh Jadeja, Managing Director of GTPL Hathway. He added: 'We are set to advance our capabilities in the distribution of television services, where we expect to realise tangible benefits over the medium term. Our long-term strategies remain firmly focused on sustainable growth, digital transformation, and delivering enhanced value to our customers.'
Business Standard
a day ago
- Business
- Business Standard
GTPL Hathway slides as Q1 net profit drops 26% YoY
GTPL Hathway slipped 2.63% to Rs 118.65 after the company reported a 26.10% decline in consolidated net profit to Rs 10.56 crore for the first quarter of FY26, compared to Rs 14.29 crore in Q1 FY25. However, revenue from operations rose 7.15% YoY to Rs 903.69 crore for the quarter ended 30 June 2025. Earnings before interest, tax, depreciation, and amortization (EBITDA) stood at Rs 112.3 crore, marking a 6.80% decline from Rs 120.5 crore in the same quarter last year. The EBITDA margin contracted to 12.4% in Q1 FY26 from 14.2% in Q1 FY25. On a segmental basis, revenue from the Cable TV business grew 7.68% YoY to Rs 747.66 crore. Income from internet services rose 1% YoY to Rs 136.76 crore. Revenue from projects (including operations and maintenance) surged 36.15% YoY to Rs 24.10 crore. As of 30 June 2025, GTPLs Digital Cable TV active subscriber base stood at 9.60 million, while paying subscribers totaled 8.90 million. Subscription revenue from the Cable TV segment came in at Rs 3,018 million (Rs 301.8 crore) for Q1 FY26. Broadband revenue for Q1 FY26 rose 1% YoY to Rs Rs 135.9 crore. The broadband subscriber base grew by 20,000 YoY, reaching 1.05 million subscribers. The companys homepass network stood at 5.95 million homes as of 30 June 2025 an addition of 50,000 YoY. Of this, 75% is available for FTTX (Fiber to the X) conversion. Broadband ARPU (average revenue per user) increased by Rs 5 YoY to Rs 465 per month. Average data consumption per user rose 17% YoY to 410 GB per month. Meanwhile, the companys board has approved the re-appointment of Anirudhsinh Jadeja as managing director for a further period of three years, effective from 08 December 2025, upon the expiry of his current term 07 on December 2025. The re-appointment is based on the recommendation of the Nomination and Remuneration Committee and is subject to the approval of the companys members. Anirudhsinh Jadeja Managing Director, GTPL Hathway, said, It pleases me to report that the company has sustained its subscriber base across both our Cable TV and Broadband businesses, demonstrating operational resilience in a dynamically evolving and competitive industry landscape. This consistency reflects the strength of our customer relationships, the reliability of our service offerings, and the agility of our teams to adapt in a challenging environment. Looking ahead, the upcoming financial year will be pivotal for us. We are set to advance our capabilities in the distribution of television services, where we expect to realize tangible benefits over the medium term. Our long-term strategies remain firmly focused on sustainable growth, digital transformation, and delivering enhanced value to our customers. We continue to invest in upgrading our infrastructure, deploying emerging technologies, and innovating with consumer-centric solutions to meet the evolving demands of our subscribers. As the industry transitions, we remain optimistic about tapping into new opportunities while strengthening our core operations. GTPL Hathway is Indias largest MSO providing digital cable TV services and is one of the largest private wireline broadband service providers in India. The company is the largest digital cable TV and wireline broadband service provider in Gujarat and is a leading digital cable TV service provider in West Bengal.
Hindustan Times
15-05-2025
- Business
- Hindustan Times
OTTplay Premium, GTPL partner to reshape digital entertainment in India
OTTplay Premium, India's leading OTT content aggregator, has partnered with GTPL Hathway Limited, the country's largest multi-system operator and a major broadband provider. This strategic collaboration aims to transform the digital entertainment experience in India by offering GTPL customers access to OTTplay's vast content library through exclusive plans, ensuring seamless and enriched viewing. As part of the partnership, GTPL will launch its OTT aggregation service under the brand name 'GTPL Genie+', giving users seamless access to content from over 29 leading OTT platforms via the GTPL Buzz app and its official website A variety of specially curated subscription packs will be available, designed to meet the diverse entertainment preferences of users. These packs are tailored by language, genre, and region to offer a more personalised viewing experience. Powered by OTTplay Premium, GTPL Genie+ services will be accessible on multiple devices, including mobiles, smart TVs, tablets, and PCs. This offering adds to GTPL's broad content portfolio, which also includes digital cable TV, high-speed internet, cloud gaming, and more. Sharing their thoughts on the partnership, Avinash Mudaliar, CEO & Co-founder of OTTplay, expressed enthusiasm, saying, 'We're thrilled to partner with GTPL, a leader in entertainment and connectivity. This collaboration allows us to bring a richer, more seamless content experience to audiences nationwide. With the rising demand for diverse digital entertainment, our combined strengths will redefine content accessibility and elevate the streaming experience.' Anirudhsinh Jadeja, Managing Director of GTPL Hathway Limited, also underlined the importance of the partnership, stating, 'GTPL remains committed to delivering the best-in-class entertainment and connectivity solutions. GTPL Genie+ strengthens our content offering, allowing subscribers to access premium OTT content in addition to our existing content offerings. This partnership with OTTplay Premium will democratise digital entertainment for millions across India.' This collaboration underscores the mutual vision of OTTplay and GTPL to provide premium digital content that is both widely accessible and curated to meet India's diverse regional preferences. The alliance aims to offer a smooth, high-quality digital entertainment experience to households across the country. OTTplay Premium is a subscription-based service that brings together multiple OTT platforms into one app, giving users access to a vast range of streaming content. From movies and web series to sports and live TV channels, it features content from platforms like ZEE5, SonyLIV, Lionsgate Play, and many others. As India's first OTT content aggregator, OTTplay Premium is transforming how audiences discover and consume digital entertainment. With AI-powered recommendations and a curated lineup from over 32 top OTT platforms, it offers a personalised streaming experience based on each viewer's tastes and preferences. GTPL Hathway Limited stands as India's largest Multi-System Operator (MSO), offering Digital Cable TV services and ranking among the country's top private wireline broadband providers. It holds a dominant position in Gujarat as the leading provider of both Digital Cable TV and Broadband, and is also a key Digital Cable TV service provider in West Bengal. GTPL's cable TV services are available in over 1,500 towns across 26 states in India. The company boasts a vast network that includes more than 47,000 business partners, over 200 broadcasters, 1,750+ enterprise clients, and involvement in over 30 government projects. Its extensive content offering features 950+ TV channels, including more than 130 GTPL-owned and operated platform services. As of March 31, 2025, GTPL serves 9.60 million active Digital Cable TV subscribers and 1.04 million broadband users, with a broadband home-pass of approximately 5.95 million.
Mint
15-05-2025
- Business
- Mint
OTTplay Premium and GTPL join forces to transform digital entertainment in India
OTTplay Premium, India's leading OTT content aggregator, has joined forces with GTPL Hathway Limited (GTPL), India's largest Multi-System Operator (MSO) distributing Digital Cable TV services and a key Broadband service provider. This strategic partnership is set to revolutionise India's digital entertainment landscape by providing OTTplay's extensive content library to customers. As part of the collaboration, GTPL will offer its OTT aggregation service under the brand name 'GTPL Genie+' providing subscribers with seamless access to content across 29+ leading OTT platforms through its application GTPL Buzz as well as through its website The wide range of tailor-made packs will cater to evolving entertainment needs for customers. These packs offer entertainment conveniently customized based on language, genre and region. GTPL Genie+ services, powered by OTTplay Premium areaccessible across multiple devices including Mobiles, Smart TVs, Tablets and PCs. This is in addition to GTPL's diverse catalogue of content offerings which extends across cable TV channels, high-speed internet, Cloud gaming and more. Avinash Mudaliar, CEO & Co-founder, OTTplay expressed his excitement: "We're thrilled to partner with GTPL, a leader in entertainment and connectivity. This collaboration allows us to bring a richer, more seamless content experience to audiences nationwide. With the rising demand for diverse digital entertainment, our combined strengths will redefine content accessibility and elevate the streaming experience." Mr. Anirudhsinh Jadeja – Managing Director, GTPL Hathway Limited, said, "GTPL remains committed to delivering the best-in-class entertainment and connectivity solutions. GTPL Genie+ strengthens our content offering, allowing subscribers to access premium OTT content in addition to our existing content offerings. This partnership with OTTplay Premium will democratise digital entertainment for millions across India." This alliance highlights OTTplay and GTPL's shared commitment to delivering premium content that is accessible to all and tailored to the diverse regional preferences across India. The partnership ensures a seamless, high-quality digital experience for households nationwide. OTTplay Premium is India's pioneering OTT aggregator, redefining content discovery and consumption with AI-driven recommendations. Offering a curated selection from 32+ leading OTT platforms, it delivers a personalised viewing experience tailored to individual preferences. GTPL Hathway Limited is India's largest MSO providing Digital Cable TV services and is one of the largest Private Wireline Broadband service providers in India. The Company is the largest Digital Cable TV and Wireline Broadband Service Provider in Gujarat & is a leading Digital Cable TV Service provider in West Bengal. The Company's Digital Cable TV services reach 1,500 plus towns across India in 26states. The company enjoys an expansive network, comprising 47,000+ business partners, 200+ broadcasters, 1,750+ enterprise clientele, and active participation in 30+ government projects. The company offers an enviable catalogue of 950+ TV Channels with 130+ channels which are GTPL Owned & Operated Platform Services. As on March 31, 2025, the Company has 9.60 million Active Digital Cable TV Subscribers and 1.04 million Broadband Subscribers and a Broadband Home-pass of about 5.95 million.
Yahoo
17-04-2025
- Business
- Yahoo
GTPL Hathway Ltd : Revenue crosses ₹3,500 Cr., increases 8% Annually
AHMEDABAD, India, April 17, 2025 /PRNewswire/ -- GTPL Hathway Limited, India's largest Digital Cable TV Service Provider and a leading Broadband Service provider, announced its Financial Results for the Quarter and Financial Year ended March 31, 2025. Key Financial Highlights: Key Consolidated Business & Financial Highlights: FY25 Annually Q4 FY25 Total revenue stood at ₹ 8,989 Mn, a growth of 10% Y-o-Y FY25 revenue stood at ₹ 35,072 Mn a growth of 8% annually and Broadband Revenue grew by 4% annually EBITDA for Q4 FY25 stood at ₹ 1,144 Mn with an EBITDA Margin of 12.7% and an operating EBITDA margin of 22%. For the full year, EBITDA stands at ₹ 4,625 Mn with EBITDA Margin of 13.2% with an operating margin of 22% Q4 FY25 Profit After Tax stood at ₹ 105 Mn and the same for FY25 is ₹ 479 Mn For FY25, the board of directors has recommended a dividend of ₹ 2/- per share (20% of Face value) Particulars (₹ in million) Q4 FY25 Q4 FY24 Q3 FY25 FY25 Digital Cable TV Revenue 2,982 3,148 3,024 12,327 Broadband Revenue 1,358 1,308 1,383 5,456 TOTAL Revenue 8,989 8,148 8,957 35,072 EBITDA 1,144 1,198 1,138 4,625 EBITDA Margin (%) 12.7 % 14.7 % 12.7 % 13.2 % Operating EBITDA* (%) 22 % 23 % 22 % 22 % Profit After Tax 105 128 102 479 *Operating EBITDA (%) = (EBITDA net of Activation & Other income) / (Subscription+ ISP + Other Operating income) Operational Highlights Digital Cable TV Active subscribers were 9.60 Mn as of March 31, 2025, achieving an increase by 100K Y-o-Y Paying subscribers stood at 8.90Mn, increasing by 100K Y-o-Y Subscription revenue from Cable TV stood at ₹ 2,982 Mn for Q4FY25 & ₹ 12,327 Mn for FY25 Company signed Grant of permission agreement (GOPA) with Ministry of Information and Broadcasting for providing Headend-In-The-Sky (HITS) Services for a period of 10 years Broadband Increase in broadband subscribers by 25K Y-o-Y thus standing at 1045K Broadband revenue increased by 4% to ₹ 1,358 Mn for Q4 Y-o-Y & ₹ 5,456 Mn for FY25 Homepass as on March 31, 2025, stood at 5.95Mn – an addition of 150K Y-o-Y. Of the 5.95Mn, 75% available for FTTX conversion Broadband average revenue per user (ARPU) stood at ₹ 465 per month per subscriber, increased ₹5 Y-o-Y. Average data consumption per user per month was 396 GB, an increase of 11% Y-o-Y Commenting on the results, Mr. Anirudhsinh Jadeja – Managing Director, GTPL Hathway Limited, said, "It pleases me to report that the company has sustained its subscriber base across both business divisions reflecting the resilience within operations in an overall challenging industry environment. We continue to remain optimistic about our long-term strategies and our initiatives to capitalize on the evolving consumer trends. The upcoming financial year will be pivotal as we look to enhance our capabilities for distribution of TV services with material benefits expected to accrue over the medium term. We are constantly enhancing the ambit of our offerings, upgrading and implementing technological innovations and focusing on providing consumer centric services. We will continue to evaluate opportunities for growth across our businesses." About GTPL Hathway Limited GTPL Hathway Limited is India's largest MSO providing Digital Cable TV services and is one of the largest Private Wireline Broadband service providers in India. The Company is the largest Digital Cable TV and Wireline Broadband Service Provider in Gujarat & is a leading Digital Cable TV Service provider in West Bengal. The Company's Digital Cable TV services reach 1,500 plus towns across India in 26 states. The company enjoys an expansive network, comprising 47,000+ business partners, 200+ broadcasters, 1,750+ enterprise clientele, and active participation in 30+ government projects. The company offers an enviable catalogue of 950+ TV Channels with 130+ channels which are GTPL Owned & Operated Platform Services. As on March 31, 2025, the Company has 9.60 million Active Digital Cable TV Subscribers and 1.04 million Broadband Subscribers and a Broadband Home-pass of about 5.95 million. Safe Harbor Any forward-looking statements about expected future events, financial and operating results of the Company are based on certain assumptions which the Company does not guarantee the fulfilment of. These statements are subject to risks and uncertainties. Actual results might differ substantially or materially from those expressed or implied. Important developments that could affect the Company's operations include a downtrend in the industry, global or domestic or both, significant changes in political and economic environment in India or key markets abroad, tax laws, litigation, labor relations, exchange rate fluctuations, technological changes, investment and business income, cash flow projections, interest, and other costs. The Company does not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date thereof. Logo - View original content: Sign in to access your portfolio
