Press Release16 Apr 2024, 01:29 am
GTPL Hathway Ltd Announces FY24 Revenue of 32,460mn, Crosses 73,000 crores, 16% QoQ Growth in Total Revenue
AI Summary
GTPL Hathway Ltd, India's largest Digital Cable TV Service Provider and a leading Broadband Service provider, announced its financial results for the quarter and financial year ended March 31, 2024. The company reported a total revenue of 32,460mn for FY24, a 20% YoY growth, with a 16% QoQ growth. The digital cable and broadband businesses drive the growth with a 15% YoY increase in subscription revenue and a 9% YoY growth in broadband revenue respectively. EBITDA for the quarter was 1,198mn, an 8% YoY increase with an EBITDA margin of 14.7%. Profit After Tax for the quarter stood at 128mn, representing a 23% increase from the previous quarter.
Key Highlights
- FY24 revenue of 32,460mn, up 20% YoY
- 16% QoQ growth in total revenue
- 15% YoY growth in subscription revenue for digital cable business
- 9% YoY growth in broadband revenue
- EBITDA of 1,198mn, up 8% YoY
- Profit After Tax of 128mn, up 23% QoQ