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