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GTPL Hathway's Consolidated 9M FY20 PAT at Rs. 908 million, up by 92%

Posted On: 2020-01-09 21:18:25

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, 2019, as approved by its Board of Directors.

Key Highlights

- Consolidated Q3 FY20 revenue at Rs. 6,875 million; up 115% y-o-y
- Consolidated Q3 FY20 revenue (ex-EPC) at Rs. 4,499 million; up 41% y-o-y
- Q3 FY20 subscription revenue at Rs. 2,581 million; up 44% y-o-y
- Q3 FY20 EBITDA Rs. 1,352 million; up 62% y-o-y; Q3 FY20 EBITDA (ex-EPC) Rs. 1,188 million; up 43% y-o-y
- Q3 FY20 PAT at Rs. 329 million; up 77% y-o-y
- Q3 FY20 PAT (Ex EPC) at Rs. 205 million; up 11% y-o-y
- Seeded 1,50,000 STBs and added 1,00,000 digital paying subscribers during Q3 FY20
- Added 2,40,000 new home pass; added 20,000 net broadband subscribers and 10,000 FTTX subscribers during Q3 FY20
- Consumption per customer at 126 GB/month as on December 2019; up from 95 GB/month in December 2018; Data consumption increased 33% y-o-y.

Commenting on performance, Anirudhsinh Jadeja, Managing Director, GTPL Hathway said, "GTPL continued to deliver strong business and financial performance in third quarter of FY20. During the quarter, we seeded 150,000 STBs and reported a strong 44% increase in CATV subscription revenue. As we had communicated during the last quarter, our strong cash flow generation is helping us not only meet our capex requirement but also helping in reducing the debt. During Q3, we further reduced our debt by Rs. 475 million and, with that, our net debt as on December 31, 2019 stood at Rs. 1,861 million."

Q3 FY20 Consolidated Financial Performance Highlights (as per IND AS)
- Revenue at Rs. 6,875 million, up 115% y-o-y
- Revenue (ex. EPC) at Rs. 4,499 million, up 41% y-o-y
- CATV subscription revenue at Rs. 2,581 million, up 44% y-o-y
- Broadband revenue at Rs. 422 million, up 17% y-o-y
- EBITDA at Rs. 1,352 million; up 62% y-o-y; EBITDA (ex. EPC) at Rs. 1,188 million; up 43% y-o-y; EBITDA margin (ex. EPC) at 26.4%
- Profit after tax at Rs. 329 million; up 77% y-o-y
- Profit after tax (ex. EPC) at Rs. 205 million; up 11% y-o-y

- Q3 FY20 EPC Contract revenue, EBITDA and PAT at Rs. 2,377 million, Rs. 165 Million and Rs. 123 million respectively.

9M FY20 Consolidated Financial Performance Highlights (as per IND AS)

- Revenue at Rs. 17,582 million, up 87% y-o-y
- Revenue (ex. EPC) at Rs. 12,879 million, up 37% y-o-y
- CATV subscription revenue at Rs. 7,661 million, up 46% y-o-y
- Broadband revenue at Rs. 1,213 million, up 13% y-o-y
- EBITDA at Rs. 3,779 million; up 47% y-o-y; EBITDA (ex. EPC) at Rs. 3,447 million; up 34% y-o-y; EBITDA margin (ex. EPC) at 26.8%
- Profit after tax at Rs. 908 million; up 92% y-o-y
- Profit after tax (ex. EPC) at Rs. 665 million; up 41% y-o-y
- 9M FY20 EPC Contract revenue, EBITDA and PAT at Rs. 4,691 million, Rs. 332 Million and Rs. 242 million respectively.

Q3 FY20 Standalone Financial Performance Highlights (as per IND AS)

- Revenue at Rs. 5,574 million, up 168% y-o-y
- Revenue at (ex. EPC) Rs. 3,197 million; up 54% y-o-y.
- CATV subscription revenue at Rs. 1,784 million; up 52% y-o-y.
- EBITDA at Rs. 952 million up 77% y-o-y; EBITDA (ex. EPC) at Rs. 788 million up 47% y-o-y; EBITDA margin (ex. EPC) at 24.6%
- Profit after tax came in at Rs. 348 million; up 157% y-o-y
- Profit after tax (ex. EPC) came in at Rs. 225 million; up 66% y-o-y

9M FY20 Standalone Financial Performance Highlights (as per IND AS)

- Revenue at Rs. 13,456 million; up 120% y-o-y.
- Revenue at (ex. EPC) Rs. 8,754 million; up 43% y-o-y.
- CATV subscription revenue at Rs. 5,150 million; up 50% y-o-y.
- EBITDA at Rs. 2,639 million up 57% y-o-y; EBITDA (ex. EPC) at Rs. 2,307 million up 37% y-o-y; EBITDA margin (ex. EPC) at 26.3%
- Profit after tax came in at Rs. 846 million; up 155% y-o-y
- Profit after tax (ex. EPC) came in at Rs. 603 million; up 82% y-o-y

Shares of GTPL Hathway Ltd was last trading in BSE at Rs.81.15 as compared to the previous close of Rs. 79.85. The total number of shares traded during the day was 12251 in over 672 trades.

The stock hit an intraday high of Rs. 82.3 and intraday low of 80.15. The net turnover during the day was Rs. 996306.


Source: Equity Bulls

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