GTPL Financial Result for the Year Ended March 31,2019

GTPL Hathway Limited (GTPL), India’s leading Digital Cable TV and Broadband Service provider, today announced the financial results for the fourth quarter and year ended on March 31, 2019 as approved by its Board of Directors.

The Board has recommended a final dividend of ₹ 1 (10%) per equity share of face value Rs. 10 for the year ended 31st March 2019 subject to shareholder’s approval at the ensuing AGM.

Q4 FY 2019 Consolidated Financial Performance Highlights (as per IND AS)

 Revenue at ₹ 3,488 million up by 21% y-o-y
 CATV subscription revenue at ₹ 2,083 million, up 35% y-o-y
 EBITDA at ₹ 1,036 million; up 28% y-o-y; EBITDA margin as percentage to revenue at 29.7%
 Loss after tax came in at ₹ 235 million

FY 2019 Consolidated Financial Performance Highlights (as per IND AS)

 Revenue at ₹ 12,892 million up 16% y-o-y.
 CATV subscription revenue at ₹ 7,332 million, up 26% y-o-y
 EBITDA at ₹ 3,615 million; up 14% y-o-y; EBITDA margin as percentage to revenue at 28.0%
 Profit after tax came in at ₹ 248 million

Q4 FY19 Standalone Financial Performance Highlights (as per IND AS)

 Revenue at ₹ 2,304 million up by 16% y-o-y.
 CATV subscription revenue at ₹ 1,504 million up 43% y-o-y.
 EBITDA came in at ₹ 796 million; up 47% y-o-y
 Loss after tax came in at ₹ 182 million

FY19 Standalone Financial Performance Highlights (as per IND AS)

 Revenue at ₹ 8,428 million up by 12% y-o-y.
 CATV subscription revenue at ₹ 4,942 million up 23% y-o-y.
 EBITDA came in at ₹ 2,479 million
 Profit after tax at ₹ 145 million

Commenting on performance, Anirudhasinhji Jadeja, Managing Director, GTPL Hathway said

“GTPL Hathway turned another year of impressive operating performance. Our FY19 consolidated revenue and EBITDA are up by 16% and 14% respectively. The company has successfully implemented New Tariff Order (NTO) across its subscriber base and has transformed the entire LCO base to autodunning. With NTO in place, GTPL will now look at increasing footprints in existing market through expansion and venture into new markets through acquisitions and consolidations.”

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