New Delhi: Cable TV and broadband service provider GTPL Hathway Limited (GTPL) has clocked a standalone net profit of Rs 30.5 crore for the quarter ended 30 June.

The net sales reached Rs 391.5 crore, improving from Rs 347.6 crore recorded in the same quarter last year. The consolidated net profit for the quarter stood at Rs 53 crore, up from Rs 46.4 crore in the corresponding quarter a year ago, while the consolidated revenues stood at Rs 602 crore. The overall revenues improved on the back of improvement in the EBITDA (including EPC) levels at Rs 138 crore, which was seven per cent higher year-on-year. The Q1 FY22 PAT stood at Rs 47.5 crore, up 16 per cent y-o-y.

The company also reduced its debt burden by Rs 16.8 crore during the quarter. The finance cost was down 78 per cent y-o-y.

GTPL added 55,000 net broadband subscribers in Q1 FY22 and the broadband revenue crossed Rs 91. 8 crore, up by 74 per cent YoY. The total number of subscribers as on 30 June were 6. 90 lakh of which 2.50 lakh are FTTX subscribers.

Meanwhile, the company continues to widen its footprint in its existing markets and penetrate into new markets through inorganic routes. As on Q1 FY22, paying subscribers stood at 0.73 crore.

GTPL Hathway, managing director, Anirudhsinh Jadeja said, “GTPL Hathway continued to deliver on key KPIs during Q1 FY22. The highlight of the quarter was robust subscriber additions & subscription revenues for Broadband business, strong profitability and debt repayment. GTPL has further reduced its debt by Rs 16.8 crore in Q1 FY22.”

Jadeja said GTPL will continue to march forward on its stated strategic roadmap by coming up with interesting new products and services, enhancing customer experience, strengthening its digital infrastructure capabilities, and accelerating its footprint in the existing and new markets.