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Hathway added 50k broadband subscribers in Q4FY18

Internet and cable TV provider Hathway Cable’s broadband subscribers stood at around 0.8 million for the quarter ended March 31, 2018 (Q4FY18), an increase of 6.67% from around 750,000 broadband subscribers in Q3FY18. The company added around 50,000 new subscribers in the quarter.

The number of homes passed stood at 5.2 million for the quarter, an increase of 4% from 5 million in the preceding quarter. The number of homes passed is the potential number of premises to which an operator has the capability to connect in a service area, but the premises may or may not be connected to the network. Hathway claims 52% of the total MSO cable broadband market.

Data consumption per subscriber stood at 103 GB for the month of March 2018, up from 100 GB in December 2017 and 98 GB in October 2017. The company said that 54% of its consumers have monthly data limits of 1,000 GB, and average speed in the quarter stood at 60 Mbps.

The Numbers

  • Total subscribers: 800,000
  • Added subscribers: 50,000
  • Average data consumption: 103 GB
  • Average speeds: 60 Mbps (it offers speeds of up to 200 Mbps)
  • Homes passed: 5.2 million

Financials

For the year, Hathway reported 10% growth in broadband revenue to Rs 544.5 crores, 33% growth in broadband subscribers to 0.8 million.

Hathway’s broadband segment reported revenues of Rs 145.7 crore during the quarter, an increase of 14% from Rs 127.8 crore in the same quarter last year, and up 5.04% from Rs 138.7 crore in the previous quarter. However, the average revenue per user (ARPU) for the company declined 4% year-on-year (YoY) from Rs 740 to Rs 710. Note that ARPU figures exclude taxes.

EBITDA during the quarter stood at Rs 63.9 crore, a QoQ increase of 6% from Rs 60.1 crore. EBITDA margin stood at 44%. Net profit for the broadband segment stood at Rs 12.6 crore, a QoQ decline of 47.28% from Rs 23.9 crore.

Download: Financials and presentation

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