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This Article is From Oct 19, 2021

GTPL Hathway - Recent Run-Up Leaves Limited Room For Upsides: ICICI Direct

GTPL Hathway - Recent Run-Up Leaves Limited Room For Upsides: ICICI Direct
TV equipment sits on the digitization floor. (Photographer: Troy Harvey/Bloomberg)

BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

GTPL Hathway Ltd. reported mixed Q2 FY22 results.

Core revenue grew 18.6% YoY to Rs 589.8 crore, driven by sharp jump of ~50% YoY in broadband revenues to Rs 100.6 crore owing to addition of 45,000 subscribers and 36% YoY growth in cable placement/carriage revenues at Rs 180 crore.

Ebitda was at Rs 135.5 crore with margins at 22.7%, flattish YoY.

Reported profit after tax was at Rs 47.5 crore, down 4.5% YoY, owing to writeback of insurance claim of Rs 12.4 crore.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

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