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ICICI Direct Report
GTPL Hathway Ltd. reported a strong Q2 FY21 operating performance.
Excluding engineering procurement and construction revenues were at Rs 497.3 crore, up 10.4% YoY.
Revenues at Rs 575.6 crore, were down 7.1% YoY as EPC revenues for Q2 FY21 were lower at Rs 78.3 crore due to disruptions.
Subscription and broadband revenues were at Rs 267.7 crore and Rs 67 crore, respectively.
Reported Ebitda increased 8.7% YoY to Rs 129.9 crore. Ebitda margins at 22.6%, were up 328 basis points YoY as Q2 FY20 had higher proportion of EPC revenue.
Core Ebitda was up 15% YoY to Rs 124.3 crore with margins at 25%, up 100 basis points YoY.
Profit after tax at Rs 45.1 crore, was up 56.3% YoY.
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