Advanced Television

GTPL Hathway adds TV and broadband subs

April 17, 2023

GTPL Hathway, India’s largest digital cable TV service provider and a broadband service provider, has announced its financial results for the quarter & financial year ending March 31st 2023.

Business Performance Highlights include:

  • Modified brand identity in Q3 to encompass ‘Entertain’ and ‘Connect’ in order to communicate the wide range of products and services offered by the Company including entertainment in the form of Digital Cable TV & OTT and connectivity in the form of high-speed broadband, as well as new products and services to be launched soon.
  • Launched ‘GTPL Genie+’ in Q3, a B2C OTT Apps aggregation product, offering subscriptions of OTT applications in convenient pocket-friendly packs available to all existing customers of GTPL (Digital Cable TV and Broadband). Packs are available in 1 month, 3 months, 6 months, and annual subscriptions with unique 100 per cent guaranteed cashback offer

Digital Cable TV

  • Active subscribers increased by 550K Y-o-Y; Paying subscribers by 400K Y-o-Y
  • Subscription revenue increased by 2 per cent annually
  • Expanded footprint in Delhi, Haryana, and Uttarakhand


  • Increase in broadband subscribers of 104K, an increase of 11 per cent Y-o-Y
  • Homepass as on March 31, 2023 stood at 5.30 million, an addition of 600k in FY23; 75 per cent of Homepass available for FTTX conversion
  • The Broadband average revenue per user (ARPU) stood at ₹ 460 per month per subscriber
  • Average data consumption per user per month at 321 GB, 25 per cent increase Y-o-Y
    Particulars (₹ in million) Q4 FY23 Q4 FY22 Y-o-Y FY23 FY22 Annual
    Digital Cable TV Revenue 2,753 2,695 2% 11,005 10,753 2%
    Broadband Revenue 1,246 1,098 14% 4,826 4,075 18%
    TOTAL Revenue 7,017 6,209 13%
    27,140 24,154 12%
    EBITDA 1,112 1,400 5,163 5,677
    EBITDA Margin ( per cent) 15.9% 22.5% 19% 23.5  per cent
    Profit After Tax -124 552 1,145 2,006

Anirudhsinh Jadeja, Managing Director GTPL Hathway Limited said, “I am glad to report yet another year of consistent growth in our broadband and Digital Cable TV business. GTPL continues to be the largest MSO in the country, as well as in Gujarat and the largest Broadband player in Gujarat. The Company has further strengthened its presence across all other markets, especially in the southern states. We continue to expand our presence in the Digital Cable TV market and have entered the states of New Delhi, Haryana & Uttarakhand. The initial response has been encouraging and we will endeavour to cement our position in these markets.

“Our Broadband business continues to show healthy growth, both in terms of subscribers and ARPU. Our focus and commitment to expand the Broadband business is expected to achieve the desired results in the coming years. The Company’s Board has recommended a dividend of ₹ 4 per share for FY23. We continue to remain focused on the ever-evolving customer demands and to provide them with unique products and services,”concluded Jadeja.


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