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GTPL Hathway reaches 1 million active broadband subscribers



Hello everyone! Let’s dive into the latest financial results of GTPL Hathway Limited, a major player in India’s Digital Cable TV and Broadband service sector. The company has recently declared its financial performance for the quarter ending December 31, 2023, and there are some exciting highlights to discuss.

Key Financial Highlights of Q3 FY24 for Hathway

  • Total Revenue: GTPL Hathway experienced a robust growth in total revenue, reaching Rs 8607 Mn. This represents a 22% increase year-over-year (Y-o-Y) and a 9% rise quarter-over-quarter (Q-o-Q).
  • Subscription Revenue: The subscription revenue showed a healthy growth of 17% Y-o-Y, hitting 3249 Mn Rupees.
  • Broadband Revenue: The company’s focus on broadband paid off with a 9% Y-o-Y increase, amounting to Rs 1352 Mn.

Subscriber Growth and Performance

  • Digital Cable TV: Active subscribers grew by 6%, reaching 9.40 Mn as total Hathway subscribers.
  • Broadband: A significant milestone was achieved with 1.005 Million active broadband subscribers, a 12% increase Y-o-Y.

Business Highlights

  • Celebrity Endorsement: GTPL Hathway onboarded celebrities Kartik Aaryan and Rashmika Mandanna as brand ambassadors, launching a 360-degree campaign across various media.
  • Digital Cable TV: The sector saw a 17% Y-o-Y increase in subscription revenue.
  • Broadband: The quarter witnessed an addition of 110K broadband subscribers, a 12% Y-o-Y growth. The homepass as of December 31, 2023, stood at 5.60 million, with 75% available for FTTX conversion. The average revenue per user (ARPU) for broadband was ₹460 per month, and the average data consumption per user per month was 345 GB.

Management’s Perspective

Mr. Anirudhsinh Jadeja, Managing Director of GTPL Hathway, expressed his satisfaction over the milestone of 1 Million Active Subscribers in the Broadband Division. He also highlighted the potential growth in the broadband sector and the continuous evaluation of new opportunities in the Digital Cable TV business.

New CFO Appointment

The quarter also saw a key management change with the appointment of Mr. Saurav Banerjee as the new CFO, replacing Mr. Anil Bothra. However, the share price was trading flat when the market opened today. Getting 1 million broadband customers is great, and as company makes more money, their earnings per share might go up, possibly making stock price go higher as well.

About GTPL Hathway Limited

GTPL Hathway Limited stands as India’s largest MSO in Digital Cable TV services and a prominent private wireline broadband service provider. Further dominating the market in Gujarat and being a key player in West Bengal, the company has a broad reach across India, covering over 1,500 towns in 22 states. As of December 31, 2023, GTPL Hathway boasts approximately 9.40 million active digital cable TV subscribers and 1.00 million broadband subscribers, with a broadband homepass of about 5.60 million. Moreover, we believe Hathway will continue to gain the market share in broadband connections.

Final Thoughts

GTPL Hathway’s Q3FY24 results reflect a company that is not only growing but also strategically expanding its reach in the competitive digital cable TV and broadband markets. With a focus on increasing subscriber base, enhancing ARPU, and investing in marketing and brand enhancement, the company is well-positioned for continued growth. The appointment of a new CFO and the emphasis on exploring new opportunities in digital cable TV while strengthening broadband services underscore GTPL Hathway’s commitment to its growth trajectory and adaptability in a dynamic market environment.

For investors and market watchers, GTPL Hathway’s recent performance and strategic moves could signal a company that’s gearing up for a sustained period of growth and market leadership. Stay tuned to see how this journey unfolds!


ITI Limited moves into 5G with Strategic Partnerships, stock has moved 3 times over the last year



ITI Limited, India’s pioneering Public Sector Unit (PSU) in telecom manufacturing, has taken a massive step towards improving the country’s digital landscape. By forging Memorandums of Understanding (MoU)s with Lekha Wireless, Niral Networks, and InstaICT Solution Private Limited, ITI is setting the stage for an expansive 5G ecosystem for enterprises.

A Collaborative Force in 5G Innovation

The collaboration marks a major move in ITI Limited’s journey, aligning with niche entities like Lekha Wireless, known for its Radio Access Networking prowess; Niral Networks, a beacon of Private 5G and Edge Solutions; and InstaICT Solution, experts in end-to-end network services. Together, they aim to design, deploy, and manage comprehensive Private 5G Network Solutions, heralding a new era of connectivity and digital empowerment in India.

Empowering Industries with Tailored 5G Solutions

This initiative promises to unlock new opportunities, particularly in fields that demand high-speed, reliable connectivity, such as manufacturing, energy, transportation, and more. With the hype of Digital India pushed by Narendra Modi, we feel this is just the beginning for ITI.

The Path to Digital Empowerment

Mr. Rajesh Rai, Chairman and Managing Director of ITI Limited, envisions this partnership as a cornerstone for India’s telecom technology adoption, emphasizing the transformative power of 5G in driving digital transformation across multiple sectors. The collaboration signifies more than just technological integration; it’s a step towards realizing India’s digital ambitions on a global scale.

What This Means for India’s Digital Future

The partnerships underscore a shared vision among the collaborators to accelerate India’s transition to a digitally empowered society and knowledge economy. By leveraging their combined expertise, ITI Limited and its partners are not just aiming to implement cutting-edge technology but also to catalyze sustainable growth and innovation across the nation’s industries.

Conclusion: A Leap Towards a Connected India

As ITI Limited embarks on this journey with Lekha Wireless, Niral Networks, and InstaICT Solution, the future of India’s digital infrastructure looks promising. This initiative is more than just an advancement in telecommunications; it’s a beacon of progress, innovation, and digital inclusivity for India, setting a precedent for the rest of the world to follow.

PSU stocks have seen a massive boost lately. Following the trend, the stock price for ITI has grown by over 3 times in the last 1 year. What we are worried about is the fact that the profits for the company have in-fact declined. Remember, you need to check the fundamentals of a company as well as technicals before making any investment. We see a caution from the balance sheet for ITI.

About ITI Limited: Dive deeper into ITI Limited’s legacy as India’s premier telecom company and its commitment to innovation at

Explore Niral Networks: Learn more about Niral Networks and their revolutionary 5G solutions at

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Hinduja Global Solutions Posts 7.6% Revenue Growth




Hinduja Global Solutions (HGS), known for its digital transformation and business process management services, recently showcased impressive growth in the third quarter of FY2024. Despite the tough global economic climate, HGS has shown resilience and agility, recording a significant upswing in both revenue and EBITDA. Let’s dive into the details of HGS’s performance and its forward strides in the digital domain.

Impressive Growth Metrics

Hinduja Global announced a 7.6% year-on-year increase in operating revenue, reaching Rs. 1,203.7 crore for Q3 FY2024. The operating EBITDA saw a staggering 39.9% growth compared to the same period last year, amounting to Rs. 115.1 crore. This growth trajectory isn’t just limited to a single quarter; the first nine months of FY2024 saw operating revenue at Rs. 3,517 crore and operating EBITDA climbing 39.3% year-on-year to Rs. 289.5 crore.

Strategic Client Acquisitions and Innovations

HGS didn’t just stop at financial growth; the company also expanded its clientele significantly. With 12 new logos added for digital-enabled customer experience (CX) solutions and eight for HRO/Payroll Processing, HGS is broadening its horizon. The introduction of NetX, a collaborative innovation between the digital teams of the BPM and Digital Media businesses, marks a pivotal step towards revolutionizing digital networking.

Digital Media Business Leap

The Digital Media division, under the brand CelerityX, is making waves in broadband and digital television growth. The division ended Q3 with a whopping 5.75 million connected homes across India. Furthermore, CelerityX is rolling out cutting-edge solutions, like NetX, to transform the digital landscape for enterprises across various sectors.

The Road Ahead

The journey doesn’t end here for HGS. The company is setting sights on further growth and market penetration. With aggressive investments in technology and talent, particularly in areas like Cloud, analytics, and AI, HGS is gearing up to meet the increasing market demand for complex, technology-driven solutions.

Conclusion: A Steady Climb to Success

HGS’s performance in Q3 FY2024 is a testament to its strategic planning, innovative solutions, and relentless pursuit of excellence. As HGS continues to evolve and adapt to the changing market dynamics, it is well-positioned to not only meet but exceed its growth targets, ensuring a brighter, technology-driven future.

This narrative of growth and innovation underscores HGS’s commitment to delivering exceptional value to its clients while paving the way for a sustainable and digital-first business ecosystem. Check more latest Quarterly results on Tradealone.

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Yatra Online Limited Delivers a Remarkable Q3 FY24 Performance




Yatra Online Limited, India’s leading name in corporate travel services and a dominant player among the Online Travel Agencies (OTAs), just announced its financial outcomes for Q3 of the fiscal year 2023-24, marking significant jump in revenue growth and operational achievements. Moreover, we see an increasing trend of online bookings in India, this could be a big boost for yatra in longterm.

A look into Q3-FY24 Financial Performance

The third quarter has been fruitful for Yatra, with notable financial highlights:

  • Revenue Growth: The operations revenue saw a jump to INR 1,103Mn, marking an impressive 23% growth Year-over-Year (YoY).
  • Net Profit Leap: Net profit witnessed a substantial rise of 119% YoY, with a diluted EPS of INR 0.07.
  • Debt Reduction: The company’s gross debt was significantly reduced by 51% on a Quarter-over-Quarter (QoQ) basis.

Despite facing challenges in the corporate business segment due to subdued business travel spends, especially from IT/ITES clients, Yatra’s operational highlights paint a promising picture of resilience and growth.

Operational Highlights: A Testament to Strategic Excellence

  • Dominating Air Passenger Growth: Yatra’s domestic air passenger segment outperformed, registering a 26% YoY growth, nearly tripling the industry’s 9% benchmark.
  • Gross Bookings Increase: An 18% YoY growth in gross bookings, amounting to INR 18,605 Mn, underscores Yatra’s robust market strategies.
  • Expanding Corporate Clientele: The addition of 26 new corporate accounts with a potential annual billing of INR 2,237 Million highlights Yatra’s strong foothold in the corporate travel sector.

Management Insights: Steering Towards a Brighter Horizon

Dhruv Shringi, Yatra’s Whole Time Director & CEO, shared his enthusiasm over the quarter’s performance. Highlighting the air passenger segment’s robust growth and the successful onboarding of new corporate clients, Shringi’s comments reflect Yatra’s unwavering commitment to market leadership and customer value enhancement. The introduction of the Yatra Prime membership initiative for Indian shareholders further exemplifies this commitment.
Furthermore, this is second good quarter in a row for yatra. checkout our previous coverage here.

Looking Ahead: Embracing Growth and Innovation

As Yatra continues to navigate the dynamic travel industry landscape, its focus on capturing growth opportunities and enhancing travel experiences for its customers remains on top. With a strong foundation , we believe Yatra will continue to grow and capture more market share.

Despite this good growth, the stock price is down by over 30% in the last year. However, we believe that as company starts to post consistent results, stock price will appreciate eventually.

Stay tuned for further updates as Yatra Online Limited continues to redefine travel experiences and value creation for its customers and shareholders alike.

Disclaimer: This blog post is for informational purposes only and is based on the Q3 FY24 earnings release by Yatra Online Limited. Readers are advised to do their own research or consult a financial advisor before making any investment decisions.

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