Can anyone with knowledge of regulations in this sector guide what can be possible implications for GTPL ?
My gut feeling…
The matter will hv its natural death. Hvng political /judicial implications due to SC cases, no one wants to bell the cat. However, no one is going to pursue it. There are no interested parties either side to bring the matter on frontage.
Meanwhile many companies in this industry has died and new are adding up each year. Finally place will get consolidated.
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Imp points GTPL hathway con call Q2FY 23:
- ARPU Cable TV business will increase gradually over next 4-5 qtrs as currently company is entering new markets where ARPU is low.
- Paying subscribers in cable TV business have increased by 650K YOY & revenue for same will be reflected in Q3 & Q4. However, churn is still higher than pre covid levels
- In broadband business targeting 40K subscribers each qtr & plan is to reach 1m subscribers by year end. Last 2 qtrs could not achieve target, some part of it was due to monsoons in Gujrat
- 6 months CAPEX is 210 CR – Cable TV 110CR & Broadband 100CR. Of 210 CR 40 CR is recurring CAPEX & this should going forward be in 15-20% range. Full year CAPEX target is 450-470 CR split 50:50 approx between businesses.
- As per management Broadband is a sunrise sector & there is clear govt focus to increase rural penetration. Strategies adopted by management to increase broadband share is (i) Focus on B2C (II) Penetration to be increased to 4X cities in Gujrat alone from current levels
- EBITDA Margins to increase going forward as broadband contribution increases.
- In cable TV business looking for inorganic acquisitions and some big acquisitions will happen in Q3 & Q4
- Supreme court hearing is in DEC. As per precedence in this matter no liability should accrue to company.
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The 2023 annual report shows loans to related parties of over 200cr, higher than 160cr last year. This does not show in the consolidated balance sheet. Can anyone shed light ?
Thanks