GTPL Hathway's Consolidated FY21 PAT at ? 1,885 million, up by 145%
- Achieves 'Net-Debt Free' status in FY21
- Proposes 40% Dividend for FY21
AHMEDABAD, India, April 16, 2021 /PRNewswire/ -- GTPL Hathway Limited (GTPL), India's leading Digital Cable TV and Broadband Service provider, today announced the financial results for the fourth quarter and twelve months ended on March 31, 2021, as approved by its Board of Directors.
Commenting on the performance, Anirudhsinh Jadeja, Managing Director, GTPL Hathway said, "GTPL Hathway consistently delivered on key KPIs, despite lockdown and restrictions in FY21. The highlight of FY21 was the growth in subscription revenues for both CATV and Broadband business, strong profitability, net-debt free status, geographical expansion, healthy balance sheet and improved return ratios. We have reduced our gross debt by ? 693 million in FY21. Additionally, the Company's board has recommended to increase the dividend to ? 4 per share in FY21. The Company associated with Mr. Boman Irani as its Brand Ambassador during Q4FY21. GTPL is gearing up to launch new products and srvices in FY22, thereby propelling its value-proposition in existing and new markets."
FY21 Consolidated Financial Performance Highlights (as per IND AS)
Q4 FY21 Consolidated Financial Performance Highlights (as per IND AS)
FY21 Standalone Financial Performance Highlights (as per IND AS)
Q4 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, Meghalaya, Manipur, Jharkhand, Telangana, Rajasthan, Andhra Pradesh & Tamil Nadu. As on March 31, 2021, we have approximately 7.5 million paying subscribers and 6,35,000 Broadband Subscribers with a home pass of about 3.87 million.
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