GTPL Hathway slips after Q2 numbers

GTPL Hathway fell 2.57% to Rs 83.45 after the company announced its result for Q2 September 2019 after trading hours yesterday, 14 October 2019.

Oct 15, 2019 04:10 IST capital market

On a consolidated basis, the cable TV and broadband service providers net profit rose 97.2% to Rs 28.87 crore on a 94.9% increase in net sales to Rs 608.99 crore in Q2 September 2019 over Q2 September 2018.

The companys consolidated EBITDA for Q2 September 2019 rose 41% to Rs 127.1 crore over Q2 September 2018.

On a standalone basis, net profit rose 161.5% to Rs 25.23 crore on a 132% increase in net sales to Rs 468.56 crore in Q2 September 2019 over Q2 September 2018.

GTPL seeded 200,000 set-top boxes (STBs) during second quarter FY20, taking total seeded STBs as on September 30, 2019 to 9.90 million.

During Q2 FY20, the company added 260,000 Home Pass. Home Pass as on September 30, 2019 stood at 2.92 million.

The company added 15,000 net broadband subscribers during Q2 and 11,000 FTTX subscribers.

Total subscribers as on September 30, 2019 were 355,000 of which 75,000 are FTTX subscribers. The broadband average revenue per user (ARPU) for Q2 FY20 was maintained at Rs 415.

Meanwhile, the S&P BSE Sensex was up 101 points or 0.26% to 38315.39.

On the BSE, 30,981 shares were traded in the counter so far compared with average daily volumes of 8,318 shares in the past two weeks. The stock hit a high of Rs 92.35 and a low of Rs 82.65 so far during the day, as the scrip currently witnessed some profit booking.

Shares of GTPL Hathway have added 23.86% in four sessions to close at Rs 85.65 in yesterdays session, from a recent closing low of Rs 69.15 on 4 October 2019.

The stock hit a 52-week high of Rs 107.5 on 17 Oct 2018. The stock hit a 52-week low of Rs 53.15 on 10 Jul 2019.

GTPL Hathway is a digital cable TV and broadband service provider. The companys digital cable television business has serviced 750 plus towns across India, including towns in Gujarat, West Bengal, Maharashtra, Goa, Bihar, Assam, Jharkhand, Telangana, Rajasthan and Andhra Pradesh.

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