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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)
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:

ICICI Direct GTPL Hathway Company Update.pdf

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