GTPL Hathway zooms 20% on impressive June quarter results

Shares of GTPL Hathway zoomed 20 per cent to Rs 64.80 in intra-day trade on the BSE on Thursday after the digital cable television and broadband services provider’s consolidated net profit more-than-doubled at Rs 29 crore for the quarter ended June 2019 (Q1FY20). It had posted a profit of Rs 13 crore in the year-ago quarter.

Total income increased by 29 per cent on a year-on-year (YoY) basis to Rs 454 crore, with subscription revenue up 47 per cent as compared to the year-ago level. Earnings before interest, depreciation, and ammortisation (Ebitda) jumped 38 per cent YoY to Rs 116 crore in Q1FY20.

The company said it seeded 200,000 set-top boxes and added 300,000 digital paying subscribers during the quarter. It also added 240,000 new home pass and 15,000 net broadband subscribers.