GTPL Hathway logs revenue of Rs645.40 crore in Q1FY23; stock skids ~3%

15 Jul 2022 , 10:00 AM

GTPL Hathway Limited reported consolidated revenue of Rs645.40 crore in Q1FY23, registering a growth of 10% yoy, as compared to Rs584.30 crore in Q1FY22.

While subscription revenue in Q1FY23 of the company jumped 3% yoy at Rs272.70 crore, against Rs264.10 crore in Q1FY22.

The company reported a broadband revenue of Rs113.90 crore in Q1FY23, up by 24% yoy against Rs91.8 crore in Q1FY22.

Company’s Profit After Tax stood for Q1FY23 at Rs43.30 crore, marginally down against Rs47.50 crore in Q1FY22.

The company reported an EBITDA of Rs135.40 crore in Q1FY23, as against Rs136.20 crore in the previous corresponding quarter, registering a marginal decline.

EBITDA margin for Q1FY23 stood at 21% as compared to 23.3% in Q1FY22.

GTPL continues to expand its footprint in its existing markets while also expanding into new markets through both organic and inorganic means.

Total active subscribers reported at 845k, an increase of 155k over the last year.

At around 10.00 AM, GTPL Hathway was trading at Rs149.50 down by Rs5 or 3.24% from its previous closing of Rs154.50 on the BSE. The scrip opened at Rs149.90 and has touched intraday high and low of Rs152.25 and Rs148.10 respectively.