MUMBAI: Ahmedabad-hqed GTPL Hathway Ltd’s results for Q2 FY 2025 ended on 30 September 2024 are a bit of a mixed bag, according to the company’s filings with the Bombay stock exchange.

Total consolidated income rose nine per cent to Rs 8,620 million as against Rs 7,900 million in the corresponding quarter of the previous year. Net profit however plunged 62 per cent at Rs 129 million as against Rs 344 million (Q2 FY2024). EBITDA for Q2 FY25 stood at Rs 1,138 million (Rs 1,351 million); EDITDA margin was at 13.2 per cent (17.1 per cent), operating EBITDA margin was at 22 per cent (25.2 per cent).

GTPL Hathway’s active digital cable TV subscribers rose by 100,000 over the previous year’s corresponding quarter to touch 9.50 million, even as paying subscribers rose by a similar number reaching  8.80 million.

Its broadband subs also jumped by 50,000 to get to 1.04 million with home passes standing at 5.95 million, a pole vault of 400,000 year on year.  Of the 5.95 million, 75 per cent are FTTX conversion ready, the MSO says. Average revenue per user for broadband stood at a chunky Rs 460 while data consumption per user was 350 GB per month, an increment of 13 per cent year on year.

According to GTP Hathway managing director Anirudhsinh Jadeja what helped the cable TV MSO retain its no 1 position as the largest operator in the country in Q2 2025 is its sharp focus on innovation and enhancing customer experience. 

Anubhai (as he is called in the trade) added: “Broadband business is witnessing healthy subscriber growth, propelled by both direct customer additions and with strategic use of our extensive partner network to expand. In the cable business, our efforts are focused on growing our subscriber base through a mix of organic growth and industry consolidation via acquisitions of existing operators and MSOs. This dual strategy strengthens our market position and builds on our success.”

He explained that the company added the customer app GTPL Buzz, relaunched its website (gtpl.net), introduced TV everywhere, Blacknut cloud gaming, Distro TV, while integrating its AI-enabled app Giva for sales as well as support during the quarter.

“These customer touchpoints have been designed for a consistent user experience and to deliver seamless interaction across platforms and devices,” said Anubhai.

GTPL’s shares rose Rs 2.65 to end the day at Rs165.65.