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GTPL Hathway Ltd Q2FY24; 23% fall in Profits

GTPL was established in 2006, by Mr. Anirudhsinhji Jadeja, Mr. Kanaksinh Rana, and other MSOs, such as Gujarat Telelink Pvt Ltd. It provides services such as analogue cable TV, digital cable TV, and broadband internet in states such as Gujarat, West Bengal, and Maharashtra. The company got its present name after Hathway Cable & Datacom Ltd (HCDL) bought a 50% stake in fiscal 2008. The company got listed on the BSE & NSE in July 2017.

Financial Results:

  • GTPL Hathway Ltd reported Revenues for Q2FY24 of ₹779.00 Crores up from ₹655.00 Crore year on year, a rise of 18.93%.
  • Total Expenses for Q2FY24 of ₹742.00 Crores up from ₹600.00 Crores year on year, a rise of 23.67%.
  • Consolidated Net Profit of ₹36.00 Crores down 23.4% from ₹47.00 Crores in the same quarter of the previous year.
  • The Earnings per Share is ₹3.04, down 23.81% from ₹3.99 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.
*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: cable
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