GTPL Hathway’s Broadband Segment Shines Again In Q3, Says ICICI Direct 
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GTPL Hathway’s Broadband Segment Shines Again In Q3, Says ICICI Direct 


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 a robust Q3 FY21 operating performance.

Excluding engineering, procurement and construction revenues were at Rs 544.6 crore, up 24.8% YoY.

Revenues at Rs 647.2 crore were down 4% YoY as EPC revenues for Q3 FY21 were lower at Rs 102.6 crore.

Subscription and broadband revenues were at Rs 271.8 crore and Rs 77.8 crore, respectively.

Reported Ebitda increased by 15.9% YoY to Rs 141 crore. Ebitda margins at 21.8%, were up 374 basis points YoY as Q3 FY20 had a higher proportion of EPC revenue.

Click on the attachment to read the full report:

ICICI Direct GTPL Hathway Company Update.pdf


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