Its operating EBITDA jumped by 1.5x to Rs. 84.1 crore in Q1 FY20. As per Siti, it capitalised on the growth opportunity provided by New Tariff Order, by growing revenue rate while maintaining the strict control over the operational efficiencies. This manifested itself in Operating EBITDA Margin expanding significantly by 471 bps y-o-y to 21.4%.
Siti Networks chief business transformation officer Rajesh Sethi commented: “The subscription revenue has gone up over 36% y-o-y with total revenue (excl. activation) increasing by more than 19% y-o-y. With the increase in collection and operational efficiencies, we saw our Operating EBIDTA grow 1.5x y-o-y to Rs. 841 million and the EBIDTA margins subsequently rose 1.3x y-o-y to 21.4%.”