wordpress blog stats
Connect with us

Hi, what are you looking for?

Ortel’s broadband segment reports Rs 9.96 crore for Q2 FY17



Multi system operator Ortel Communications reported broadband revenues of Rs 9.96 crore for the quarter ended September, 2016 (Q2 FY17). This was up 22.4% from Rs 8.14 crore in the same quarter last  year and up 4.85% from Rs 9.5 crore in the preceding quarter. The broadband segment reported an operating profit of Rs 5.22 crore down 3% from the same quarter last year. On a sequential basis, operating profit declined 8.72% from Rs 5.72 crore.

Total broadband subscribers stood at 79,182 at the end of the quarter. Broadband users were 10% of Ortel’s subscribers. This number was 10.1% in the preceding quarter. Broadband ARPU has been steadily increasing  over the quarters. In Q2 it stood at Rs 406 per month and was Rs 401 in the preceding quarter and Rs 395 in the same quarter last year.

Data usage per customer decreased to 4,526 MB from 5329 MB in the preceding quarter.

Quarterly financials

Ortel reported a net profit of Rs 2.5 crore for the quarter down 10.71% from Rs 2.8 crore in the same quarter last year. On a sequential basis, net profit increased from Rs 90 lakh. Net profit was aided by a 5% reduction in total expenses and Ortel turned EBITDA positive in emerging markets such as Andhra Pradesh,  Chhattisgarh, West Bengal, Telengana & Madhya Pradesh.

– Total Income increased by 17.34% to Rs 53.73 crore from Rs 45.79 crore in Q2 FY2016
– EBITDA stood at Rs 17.1 crore compared to Rs 17.3 crore in Q1 FY2016.
– EBITDA margin stood at 31.5%.
– In Q1, the company’s cable TV revenue grew 44.91% YoY to Rs 42.02 crore from Rs 30.93 crore.

Other developments 

– In September, Ortel , which had started public WiFi hotspots in January, said that it has  30,000 people accessing internet from these. 

– In October last year, ErosNow tied up with Ortel to offer a subscription based movie streaming service called Ortel Broadband Movies.

– In March 2015, Ortel’s Initial Public Offering (IPO), failed to gain full subscription. Of the 12 million shares issued, about 9.68 million, or around 81%, was subscribed to. Ortel had previously mentioned that it was looking to raise Rs 217.2 – 240 crore through the public issue offering.

Download: Presentation and press release

You May Also Like


Kotak Mahindra Bank reported a net profit of ₹1,853.5 crore for the third quarter of the current financial, up by 16% year-on-year from ₹1,944...


Yes Bank Ltd posted a net profit of ₹151 crore during the third quarter of the current financial year compared to a net loss...


Key takeaways Network18’s digital news revenue increased by 50% YoY for the second consecutive quarter Consolidated Net Profits grew 125% YoY Network18 Digital saw...


Netflix’s two day StreamFest in December 2020—where users in India could practically watch Netflix’s entire catalogue for free—brought millions of users to the service,...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to Daily Newsletter

    © 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ