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GTPL Hathway Ltd. is a leading multi system operator (number two in terms of subscribers) offering cable television and broadband services with a strong presence in Gujarat (number one), West Bengal (number two) and 13 other states.
Expansion into new states and digitisation has led to strong topline and earnings growth of ~27% and ~86% compound annual growth rate, respectively, over FY16-21.
Net debt free company with robust return ratios.
GTPL Hathway reported stable Q1 FY22 performance.
Core revenue grew 23.7% YoY to Rs 575.5 crore driven by sharp jump of ~74% YoY in broadband revenues to Rs 91.8 crore, owing to addition of 55,000 subscribers during Q1 and 54% YoY growth in cable placement, carriage revenues at Rs 187 crore.
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