GTPL Hathway agrees 10% dividend on bourse debut | Cable | News | Rapid TV News
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Indian multi-system operator (MSO) GTPL Hathway has announced a 10% dividend per equity share for the year ended 31 March 2017, in the first results it has posted since an initial public offering (IPO).

GTPL Hathway Logo 3 August 2017The company was listed on the stock exchange on 4 July 2017 following the conclusion of an INR 4,850 IPO in June.

GTPL Hathway reported 26.5% growth in total income to INR9,417.4 million in the 2017 fiscal year, up from INR7,442.84 a year earlier. Net profit after tax escalated to INR262.42 million in FY2017, almost seven times the INR36.93 million registered in FY2016. EBIDTA, including other income, increased 50.7% to INR2,077.33 million in FY2017 from INR1,595.93 million the year before. Earnings per share grew from INR0.75 in 2016 to INR4.10 this year.

Cable TV
 subscription revenue rose 33% to INR4,494 million in FY2017 compared with INR3,378 million in FY2016. The ARPU for TV subscribers in the country’s cable digitisation phases I, II, III, and IV was INR100, 95, 54 and 41 respectively.

The number of active GTPL Hathway set top boxes (STBs) reached 5.98 million during the financial year, with 6.90 STBs seeded to end March.

Broadband revenue jumped 77% to INR1,288 million from INR 270 million a year earlier, with broadband ARPU increasing 5.5% in FY2017 to INR 480 from INR455 in FY2016.