GTPL Hathway Limited announced its FY25 financial results, reporting an 8% annual revenue growth to ₹3,507.20 crore. The company's Q4 revenue increased by 10% to ₹898.90 crore. Digital Cable TV subscribers grew to 9.60 million, while broadband subscribers reached 1.05 million. The Board recommended a dividend of ₹2.00 per equity share. GTPL Hathway also obtained approval for HITS Broadcasting services and is focusing on enhancing TV service distribution and technological innovations.
GTPL Hathway Limited announced its Q4 and FY 2024-25 financial results. Q4 consolidated revenue increased by 10.30% YoY to ₹8.91 billion, but net profit decreased by 19.60% to ₹106.00 million. Annual revenue grew 8.20% to ₹34.77 billion, while net profit fell significantly to ₹492.00 million from ₹1,117.90 million in FY 2023-24. The company's Cable TV business remained the largest revenue contributor. A dividend of ₹2.00 per share was recommended. GTPL Hathway obtained approval for HITS Broadcasting services, indicating future growth potential despite current profitability challenges.
GTPL Hathway Limited has obtained permission to operate Headend-In-The-Sky (HITS) broadcasting services for 10 years, starting March 27, 2025. The HITS platform will be located in Ahmedabad, Gujarat. This development allows GTPL Hathway to expand its reach, enhance service offerings, and gain a competitive edge in India's broadcasting sector.