KCCL is present in 14 districts of Kerala and as on March 2018 has more than 22 lakh net subscribers and around 1 lakh broadband subscribers.
Its profit before interest, lease, depreciation, and tax (PBILDT) more than halved to Rs 32.77 crore as against Rs 75.09 crore. Total operating income dropped to Rs 104.24 crore compared to Rs 117.6 crore.
The Cable Operators Association (COA), Kerala is the main promoter of the MSO with local cable operators (LCOs) as its shareholders.
KCCL has increased its share capital to Rs. 77.83 crore as on March 31, 2018 in various stages, to fund its capital expenditure towards adding infrastructure for digital services and purchase of STBs.
It has now stopped issuing shares and the entire charges for the set top box collected from LCOs are accounted as revenue. This has resulted in an increase in activation income from FY16. However, post 100% digitalization of Kerala, this income is has reduced in FY18 and is expected to come down further in the following years.