Ortel Comm Q2 revenue up 17% QoQ to Rs 53.7 cr

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26 Aug, 2025 12:21

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Cable television and broadband service provider Ortel Communications Limited (Ortel) announced its financial results for the quarter and half-year ended September 30, 2016 yesterday.

On a sequential basis the total income increased to Rs 53.7 crore, from Rs 52.4 crore, up by 2.5 percent, EBITDA increased 22.8 percent and stood at Rs 17.1 crore and EBITDA margins increased to 31.5 percent against 26.3 percent in Q1FY17.

Profit after tax came in at Rs 2.5 crore compared to Rs 2.8 crore year-on-year (YoY).

Commenting on the performance, Bibhu Prasad Rath, President and CEO at Ortel Communications said, “We reported steady performance during the quarter led by balanced growth in Cable TV and Broadband revenues. Subscription fees in both the segments jumped by 7 percent QoQ. More importantly, I am happy to highlight that the overall costs have stabilized with 5 percent reduction in total expenses. This was possible due to management’s focus on efficiency and cost rationalisation."

" During the quarter, we turned EBITDA positive in the emerging markets of Andhra Pradesh, Chhattisgarh, West Bengal, Telengana & Madhya Pradesh. I believe, this is a huge positive for us and I am confident that the operating performance in the emerging markets will further improve as the subscriber base increases," he said.

"The road ahead appears encouraging and we remain on track to demonstrate solid performance in times ahead. Full control over the last mile network as well as our strategy of focusing on B2C customers will continue to drive growth for us,” he added.

The press release said that there was a steady increase in subscriber base and during the quarter the total subscriber additions stood at 34,748 which took the total subscriber base to 804,889 as on September 30.

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