Q1 2025 GTPL Hathway Ltd Earnings Call Transcript
Key Points
- GTPL Hathway Ltd (BOM:540602) is steadily approaching a milestone of 10 million subscribers in the cable TV division.
- The broadband segment has performed well, with a 7% increase in active subscribers year-over-year.
- The company has implemented several tech solutions, including the GTPL interactive app and GenieATM, to enhance customer experience and operational efficiency.
- Collaboration with Samsung and Nagra for the TVKey Cloud product allows users to access linear TV content on connected TVs without additional hardware.
- Total revenue grew by 9% year-over-year to INR 8,506 million, with subscription revenue increasing by 7% year-over-year.
- Interest costs have risen due to greater utilization of limits and costs associated with LC facilities and BGs.
- Depreciation is expected to increase by INR 25 crore to INR 30 crore over the next two years due to ongoing CapEx.
- Operating expenses have significantly increased, leading to negative operating leverage.
- The broadband business has seen a slowdown in subscriber additions, with growth now in mid-single digits.
- The company has faced challenges in maintaining EBITDA margins, with current margins below the previously guided 20%.
Ladies and gentlemen, good day and welcome to the Q1 FY25 results conference call of GTPL Hathway hosted by Emkay Global Financial Services. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Pulkit Chawla from Emkay Global Financial Service. Thank you, and over to you, sir.
Thank you, Sagar. Good evening, everyone, and welcome to the Q1 FY25 GTPL Hathway earnings call. From the management, we have with us today, Mr. Aniruddhasinhji Jadeja, Promotor and Managing Director; Mr. Piyush Pankaj, Business Head CATV and Chief Strategy Officer; and Mr. Saurav Banerjee, Chief Financial Officer.
Without any further delay, I shall now hand over the call to the management for their opening remarks. Over to you sir.
Thank you, Pulkit. Good evening, everyone. A warm welcome to everybody to the earnings call of GTPL
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