Its net profit, on a standalone basis, before exception item increased 359% to Rs 29.4 crore compared to Rs 6.4 crore in Q3 FY19. Operating EBITDA was down 17% to Rs 42.3 crore from Rs 51.3 crore. EBITDA margin dropped 6% to 32%.
The consolidated EBITDA of the MSO has increased 7% to Rs 369.7 crore compared to Rs 345.4 crore a year ago. The EBITDA margin stood at 22.8% as against 22.4%. Consolidated revenue was up by 5% to Rs 1619.2 crore compared to Rs 1544.4 crore in the previous fiscal.
However, its broadband subscription revenue dropped 2% to Rs 132.4 crore compared to Rs 134.9 crore. Total expenditure jumped 8% to Rs 90 crore from Rs 83.6 crore. Hathway Digital, the company that houses the cable TV business, has posted 10% jump in EBITDA at Rs 41 crore compared to Rs 36.1 crore in Q3 FY19.
Its total income dropped 10% to Rs 241.7 crore while expenditure narrowed 13% to Rs 200.6 crore. Subscription revenue dropped 2% to Rs 162.7 crore while placement revenue fell 28% to Rs 57.2 crore. Pay channel cost was down 22% to Rs 124.6 crore.
Hathway said: “Required investments being made in understanding consumer needs and expectations in various phases of digitalization. Insights from this research will be used to further improve Hathway DPO Packs to increase customer satisfaction.”