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GTPL Hathway Limited (GTPL) Q1 FY2018 PAT at INR 148 Million, up by 86% Y-o-YAHMEDABAD, India, August 9, 2017 /PRNewswire/ -- With New headend GTPL set to offer 650 CATV channels and 50 OTT channels Key Highlights Q1 FY18 - Standalone CATV subscription revenue up by 19% y-o-y, EBITDA margin at 32% - Technology - Deployed next generation video headend system Harmonic INC, USA, enable to offer up to 650 cable TV channels and 50 OTT channels. GTPL Hathway Limited (GTPL), India's leading regional MSO, today announced the financial results for the first quarter ended on June 30th, 2017 as approved by its Board of Directors. Commenting on performance, Anirudhasinhji Jadeja, Managing Director, GTPL Hathway said, "After posting 33% growth in CATV subscription revenue and 77% growth in broadband revenue in FY17, GTPL Hathway continued the growth momentum well into the first quarter of the fiscal 2018. The monetization of CATV Phase 3 and Phase 4 kicked off." Talking about the technology developments at GTPL following the company's recent IPO, Mr. Jadeja further commented, "At GTPL we are continuously upgrading our technology to offer the best in class output to GTPL subscribers. We have deployed the next generation video headend system Harmonic INC, USA which will now enable us to offer up to 650 cable TV channels and 50 OTT channels." Q1 FY 2018 Standalone Financial Performance Highlights (as per IND AS) GTPL Hathway Limited - Total revenue at INR 1,782 million, up 25% y-o-y - Profit after tax at INR 148 million; up 86% y-o-y - Earnings Per Share as on June 30, 2017 was at INR 1.32/ Share Additional information with regard to financial performance of following two material subsidiaries of the Company (As per Limited Review) GTPL Broadband Private Limited - 100% subsidiary of GTPL providing broadband services - Total revenue at INR 318 million, up 25% y-o-y
GTPL Kolkata Cable & Broadband Pariseva Limited (KCBPL) - 51% subsidiary of GTPL operating in West Bengal - Total revenue at INR 325 million, up 12% y-o-y
Business Performance Highlights - CATV - GTPL deployed 0.86 million STBs (Phase 4) during the quarter taking total seeded STBs as on June 30, 2017 to 7.76 million. Active subscribers as on June 30, 2017 were at 6.69 million. - Digital Headend - Deployed next-generation video headend system Harmonic Inc., USA - Broadband - During Q1, the company added 10,000 broadband subscribers; created 30,000 new Broadband Enabled Homes. Home Pass as on June 30, 2017 stood at 1.1 million. About GTPL Hathway Limited:
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