Mumbai, January 10, 2025 – GTPL Hathway, a leading multi-system operator in India, reported a 57% year-on-year decline in its consolidated net profit for the third quarter of fiscal year 2025, amounting to ₹10.17 crore compared to ₹23.67 crore in the same quarter of the previous year. Despite this downturn, the company saw a 4.27% increase in revenue from operations, reaching ₹887.27 crore, up from ₹850.87 crore in Q3 FY24. The drop in net profit was attributed to rising content costs, which increased by 14% to ₹382.4 crore, and higher operating expenses, resulting in a 12.76% decrease in EBITDA to ₹113.8 crore.
On a positive note, GTPL Hathway’s broadband segment showed growth, with revenue rising by 2.29% year-on-year to ₹138.3 crore. The average revenue per user (ARPU) stood at ₹465 per month, and the subscriber base grew by 37,000 to reach 1.04 million. Despite the challenges, the company remains optimistic about future growth, focusing on expanding its subscriber base and improving service offerings across both its digital cable TV and broadband divisions.
