Its EBITDA was up 6% at Rs 115.6 crore compared to Rs 103.6 crore in Q4 FY19. The EBITDA margin stood at 25.4% compared to 29.7%.
The MSO’s total consolidated income dropped 12% to Rs 454.3 crore from Rs 348.8 crore. Subscription revenue jumped 19% to Rs 247.2 crore from Rs 208.3 crore. Placement revenue increased 36% to Rs 70.7 crore from Rs 51.2 crore. Activation revenue was down 4% to Rs 23 crore. Broadband revenue increased 8% to Rs 39.3 crore from Rs 36.4 crore.
However, the company’s expenditure jumped 15% in Rs 338.7 crore from Rs 245.1 crore. Pay channel cost increased by a whopping 54% to Rs 180.2 crore from Rs 117.3 crore in Q4. If we look at standalone basis, the net profit was Rs 25.2 crore compared to Rs 18.2 crore. EBITDA was down 6% to Rs 79.8 crore from Rs 79.6 crore. Total income rose 10% to Rs 317 crore while expenditure increased 19% to Rs 237.2 crore.
In first Q of FY20, the MSO seeded 200,000 STBs, taking total seeded STBs to 9.70 million. Digital paying subscribers stood at 7.1 million, increased by 300,000 mainly due to reactivation of service by existing subscribers.
Its broadband business is good as the company added 15,000 net broadband subscribers during Q1 and 10,000 FTTX subscribers (67% of net addition). Total subscribers were 340,000 of which 64,000 are FTTX subscribers. The Broadband average revenue per user (ARPU) for Q1 FY20 was Rs 420.