The Kerala-based MSO had planned a substantial capex programme of about Rs 200 crore over FY18-FY19, mainly in the broadband segment, using the GPON fibre-to-home technology. The MSO faced overall capex of Rs 77.4 crore in FY18 and plans to undertake the balance expenditure of Rs 130 crore in FY19. In FY17, the company had incurred a Capex of Rs 59.4 crore.
In last fiscal, it posted an EBITDA of Rs 148.9 crore compared to Rs 145.8 crore in FY17. The company’s revenue declined to Rs 430.1 crore compared to Rs 446.2 crore. EBITDA margin stood at 34.6% compared to 32.7%.
The MSO’s cable business remained stable, with revenue growth of only 0.6% yoy in FY18. Primary ARPUs grew 2% yoy to Rs 208 in FY18, but primary subscribers fell 3% yoy to roughly 598,000 subscribers. Secondary subscribers grew by 13% yoy to 806,000 subscribers, while secondary ARPUs rose by 43% yoy.