Its operating EBITDA was up 15% to Rs 107.5 crore compared to Rs 93.1 crore a quarter ago. Total income declined 2% to Rs 442.1 crore while expenditure was down 6% to Rs 334.7 crore. Subscription revenue (cable + broadband) was remained flat at Rs 354.2 crore compared to Rs 350.5 crore. Placement revenue declined 13% to Rs 68.4 crore while activation revenue fell 11% to Rs 15 crore.
However, pay channel cost jumped 7% to Rs 138.6 crore. Operational cost and other expenses witnessed a double-digital fall. The depreciation & amortisation cost includes onetime impairment of assets worth Rs 30 crore. Broadband subscription revenue came in at Rs 139.3 crore as against Rs 133.8 crore. Cable TV subscription revenue fell to Rs 214.9 crore compared to Rs 216.7 crore in the trailing quarter.
During the quarter, the company’s cable TV base stood at 6 million including 0.29 million HD customers. The subscription collection efficiency is 100%. Its broadband subscriber base increased to 860,000 from 840,000 in the previous quarter. The company said that the FTTH markets are leading growth in customer acquisition.