GTPL Hathway's Consolidated 9M FY21 PAT at ? 1,314 million, up by 45% Q3 FY21 Broadband Revenue at ? 778 million, up by 84%
AHMEDABAD, India, Jan. 13, 2021 /PRNewswire/ -- GTPL Hathway Limited (GTPL), India's leading Digital Cable TV and Broadband Service provider, today announced the financial results for the third quarter and nine months ended on December 31, 2020, as approved by its Board of Directors.
Commenting on the performance, Anirudhsinh Jadeja, Managing Director, GTPL Hathway said, "GTPL Hathway continues to deliver on key KPIs, despite lockdown and restrictions in 9M FY21. The highlight of the first nine months of the financial year was the improvement in subscription revenues for both CATV and Broadband business, strong profitability, debt reduction, geographical expansion and robust operational performance. We have reduced our net debt by ? 887 million in 9M FY21. Our Broadband business picked up pace owing to e-learning and work from home resulting in additional 1,85,000 Broadband subscribers during 9M FY21. We are looking forward to close FY21 on a high note coupled with our planned launch of new products and services in Q4 FY21 along with expanding GTPL's footprints in existing and new markets."
9M FY21 Consolidated Financial Performance Highlights (as per IND AS)
Q3 FY21 Consolidated Financial Performance Highlights (as per IND AS)
9M FY21 Standalone Financial Performance Highlights (as per IND AS)
Q3 FY21 Standalone Financial Performance Highlights (as per IND AS)
Business Performance Highlights
About GTPL Hathway Limited
GTPL Hathway Limited is one of India's leading Digital Cable TV and Broadband service provider. We are number 1 Cable TV Provider in Gujarat with 67% market share. Our digital cable television services reached 800 plus towns across India, in states of Gujarat, West Bengal, Maharashtra, Goa, Bihar, Uttar Pradesh, Assam, Tripura, Jharkhand, Telangana, Rajasthan, Andhra Pradesh & Tamil Nadu. As on December 31, 2020, we have seeded approximately 10.61 million STBs and had approximately 7.35 million paying subscribers and 5,90,000 Broadband Subscribers with a home pass of about 3.80 million.
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