GTPL Hathway posts 12% yoy growth in revenue at Rs2,415.4 crore for Q4FY22; stock tumbles ~4%

11 Apr 2022 , 09:39 AM

GTPL Hathway Limited informed that the company has delivered robust growth during the current fiscal year, and ended the year on a strong footing.

GTPL has reported a growth of 12% yoy at Rs2,415.40 crore for FY22 as against Rs2,148.40 crore in FY21. Company’s total revenue for the quarter under review jumped 4% YoY at Rs620.90 crore as compared to Rs599.10 crore in Q4FY21.

It has reported an EBITDA of Rs140 crore for Q4FY22, as against Rs142.30 crore in Q4FY21, reflecting a decline of 2% yoy. Whereas, EBITDA for the year as a whole jumped 4% yoy at Rs567.70 crore for FY22 as against Rs545.50 crore in FY21.

GTPL’s PAT reported at Rs55.20 crore in Q4FY22, up by 1% yoy against Rs54.60 crore in Q4FY21. It reported PAT of Rs200.60 crore in FY22 as compared to Rs188.50 crore in FY21, up by 6% yoy.

During the year, GTPL launched GTPL Genie which offers live TV channels bundled with OTT Applications on the Android TV-based Hybrid Set Top Box, starting at an effective rate of Rs459 per month.

Company’s paying subscribers as of March 31, 2022, stood at 7.80 million. It also expanded its operations in 5 additional States during FY22.

GTPL continues to widen its footprint in its existing markets and penetrate new markets through both organic and inorganic routes.

GTPL’s counters opened at Rs211.95 today and dipped to a low of Rs203.50 so far. It is currently trading at Rs207.05, down by 3% against its previous close of Rs213.45 on NSE.