Despite numerous challenges 2019-20 was a year of strong progress forGTPL which delivered higher subscription revenue and healthy margins. During these testingtimes your Company connected more customers through its digital cable television servicesproviding entertainment & information as well as highspeed broadband services.
Your Company entered newer geographies through organic and inorganicexpansion and managed to continuously create more value through innovative digitalofferings for customers and stakeholders.
Dear GTPL Family Members
Today we are living in a time of unprecedented crisis with COVID-19posing challenges across the world and disrupting our lives like never before in the lastfew months. I want to assure you that even in these uncertain times your Company isliving up to its commitment of providing seamless service to its customers while takingadequate measures to mitigate risks and take care of its employees assets andcommunities.
The Indian economy has experienced various headwinds over the lastcouple of years. The Government of India implemented several measures to fuel the economicgrowth and the RBI complemented these efforts by easing monetary policy stance and takingsteps to infuse liquidity. However the COVID-19 outbreak towards the end of the financialyear compelled the Government to impose a nationwide lockdown. As a result all economicactivities came to a grinding halt sending the economy into a tailspin.
Despite numerous challenges 2019-20 was a year of strong progress forGTPL which delivered higher subscription revenue and healthy margins. During these testingtimes your Company connected more customers through its digital cable television servicesproviding entertainment and information as well as high-speed broadband services. YourCompany entered newer geographies through organic and inorganic expansion and managed tocontinuously create more value through innovative digital offerings for customers andstakeholders.
With a future-centric strategy your Company successfully implementedthe New Tariff Order (NTO) across the nation. It unfolded new avenues by strengtheningbusiness prospects and empowering customers to pay for selected channels. Further the NTOhas enhanced transparency in the entire value-chain of the industry among all thestakeholders.
I am happy to state that your Company delivered a sturdy performance inthis transformative year for the industry. Even amidst turbulent external environmentGTPL emerged as a stronger Company by offering the best-in-class digital content andservices to its customers. Your Company has been consistently generating free cash flowand reduced net debt. During the year 2019-20 the Company's revenue from operationsincreased by 88% from Rs 12892 Million in 2018-19 to Rs 24247 Million (including EPC) inthe current fiscal. The EBIDTA also grew by 39% and stood at Rs 5025 Million compared toRs 3615 Million in 2018-19. The Profit After Tax stood at Rs 770 Million during the year.The Board of Directors has endeavoured to pay back to the shareholders by recommending afinal dividend of 30%.
On the operational front the digital cable television services saw anincremental seeding of 700K STBs in FY 2019-20. The paying digital cable televisionsubscribers also increased by 700K during the year. Your Company increased its collectionefficiency aided by receipt of ~80% of the collections through digital modes. In thebroadband business the active subscribers crossed the 400K mark with an increase of 80Kduring the FY. Your Company created an additional 900K home-passes during the year takingthe total to 3.33 Million. ~65% of the home- passes are available for FTTX conversion. Thedata consumption per customer increased by 54% annually from 105 GB/month in March 2019to 162 GB/month in March 2020. The Company is also happy to announce that 99% of itsbroadband subscribers opted for "Truly Unlimited" plans which provides themwith the comfort of unlimited data plans without any FUP limits or throttled speeds.
Our constant endeavour to become a customer- first Company reliesheavily on advanced technology platforms and equipment to ensure the best-in-classservices for our customers. Your Company's extensive optic fibre cable network andGPON technology bring seamless connectivity for its customers. With the deep understandingof customer insights your Company has successfully upgraded the channel portfolioofferings by launching 12 new channels including 10 advertisement-free services during theyear. The paying subscriber base has shown consistent growth and stands at 7.5 million inFY20. Besides your Company acquired around 100000 subscribers through the first directmultimedia advertising campaign offering bundled product of STB and subscription todigital cable television consumers.
During the year your Company acquired SCOD18 Networking PrivateLimited which will enable it to strengthen its presence in Maharashtra. Through thisacquisition your Company added new subscribers in the metropolitan market of Mumbai. YourCompany also entered Tamil Nadu and further expanded its subscriber base in Andhra Pradeshand Telangana in FY20. With the extensive network your Company is the second largest MSOin India with a footprint covering 800+ towns across 12 States. During the year theCompany also launched an industry-first reward programme for its business partners whichwill help in making the relationship stronger and also motivate them to perform better.
GTPL is well-placed to connect deeply with customers through a widecontent portfolio and efficient broadband services with streamlined delivery systems. Withsignificant investments made in strengthening its technological infrastructure and reachyour Company is effectively poised to leverage the opportunities opening up across theindustry. Your Company will remain committed to create greater value for all stakeholdersby meeting the increasing connectivity demands of its customers across all markets.
On a closing note I would like to thank all our stakeholders for theircontinuous support. The Company believes that engaged employees are its strength andvalues the passion and enthusiasm they bring to work. GTPL is committed to strengtheningthe organisation and is geared towards creating a better value for all the stakeholders.