GTPL Hathway Ltd

- GTPL Hathway Limited is currently funding all its CAPEX (both cable TV and broadband) through internal accruals. - There are no plans for outside borrowing or raising debt to fund CAPEX. - Management confirmed they have not gone for any borrowing and intend to continue using internal accruals for investment needs. - No mention was made about any immediate or future fundraising through equity in the transcript. - Overall, the company appears focused on organic growth funded by existing cash flows without external debt or equity raising at this time.

- GTPL Hathway Ltd's estimated annual CAPEX is around ₹400 crores. - Till Q3 FY24, ₹305 crores CAPEX done: ₹150 crores in Cable TV (CATV) and ₹154 crores in broadband. - CAPEX is primarily for maintaining and expanding Cable TV and broadband businesses. - No outside borrowing for CAPEX; entirely funded from internal accruals. - Depreciation expected to rise gradually by ₹24-25 crores annually owing to CAPEX. - Company plans expansion into new markets and expects to increase broadband subscriber additions from 30k to 40-50k per quarter next year. - B2B broadband business is a key growth area, with 65k subscribers currently and plans for significant scale-up. - No new financial obligations remain from Metro Cast merger; stake increase completed with necessary cash outflows.

- Cable TV business: - Active paying subscribers expected to grow, aiming to close the year close to 10 million subscribers. - This quarter muted due to World Cup-related churn but expected growth driven by upcoming events like IPL and T20 World Cup. - Expansion into new markets planned from next quarter and next year. - Broadband business: - Currently adding ~30k subscribers per quarter. - Plan to increase additions to 40-50k per quarter in the near term. - Broadband achieved milestone of 1 million active subscribers. - B2B broadband business expected to drive future growth beyond current B2C focus. - Industry broadband penetration expected to rise from 11% to 40-45% in next 4-5 years, indicating large growth opportunity. - Revenue & EBITDA growth: - Consolidated revenue grew 22% YoY; broadband revenue grew 9% YoY. - ISP revenue growth anticipated around 16-17% annually. - EBITDA margin expected to improve to 17-18% by Q4 and 20-21% by FY25. Overall, steady volume and revenue growth projected supported by market expansion and key sporting events.

- The company expects EBITDA margins to improve to 17%-18% by Q4 FY24 and aims to reach 20%-21% by end of FY25. - PAT is projected to improve compared to FY23, with optimism for growth beyond 115 crores achieved last year. - Broadband active subscriber growth is expected to accelerate from current ~30k additions per quarter to 40-50k in the next quarter due to B2B business scaling. - Consolidated cable TV subscriber base is expected to grow, aiming to close the current year near 10 million subscribers, with growth boosted by upcoming events (IPL, World Cup). - ISP revenue growth is forecasted at around 16%-17% annually going forward. - CAPEX of ~400 crores annually is planned, funded through internal accruals, to maintain and grow broadband and cable operations, stabilizing depreciation increases (~24-25 crores yearly). - Overall, the company anticipates gradual improvement in profitability and subscriber growth over the next 1-3 years.

- GTPL Hathway has a significant ongoing project granted by Gujarat ISP Private Limited (GISL) under the BharatNet project. - The project involves making gram panchayats in 8,000 Gujarat villages WiFi enabled through material supply and installation at gram panchayat premises (Phase-I and Phase-II). - The project size is approximately Rs. 50 crores, including material and Operations & Maintenance (O&M). - The project is almost complete, with substantial revenues recognized in the reported quarter. - Remaining revenues will come from O&M in upcoming quarters. - The project's margin is around 12% to 13%. - No specific details on other pending orders or orderbook size mentioned in the transcript.