Latest News
-
1:10 Split, 26 Dividends: Tata's 26-Year-Old Retail Stock In Focus, Q4, Dividend Ahead; Buy For Target Rs 4200 -
1:5 Split Soon: Rs 2,300 Defence Stock To Split Into Five Shares, Rs 400 Cr Fundraising Too; Hits 52-Week High -
Penny Stock Bags Back-To-Back Orders Worth Rs 500 Mn, 110 Mn; Shares Hit Upper Circuit -
Marshall Wace Offloads Stakes in 21 Indian Companies for Rs 2,365 Crore -
Rishi Sunak Announces Generational Hike in UK Defence Spending -
Dr Reddy's Issues Recall for Six Drug Lots in US Over Subpotency Concerns -
Dr Reddy's Voluntarily Recalls Six Drug Lots in US Over Potency Concerns -
IRCON, RITES: 2 Multibagger Navratna Railway Stocks Potential To 17-24% Upside Ahead; Assigned BUY Rating -
AU Small Finance Bank Unveils New Products Including Rupay Credit Card -
Mahindra Finance Detects Rs 150 Crore Fraud, Postpones FY24 Financial Results
GTPL Hathway Shares Surge 5% On Spectacular Results
Shares in GTPL Hathway surged 5 per cent and rallied almost 8 per cent in trade today, following a spectacular set of results. The stock was last trading higher by 4.75 per cent at Rs 85.
The company's Consolidated Q3 FY20 revenue stood at Rs 6,875 million; up 115% y-o-y. The Consolidated Q3 FY20 revenue (ex-EPC) was placed at Rs 4,499 million; up 41% y-o-y.
The net profits for the quarter ending Dec 31, 2029 jumped to 329 million; up 77% y-o-y.
Commenting on performance, Anirudhsinh Jadeja, Managing Director, GTPL Hathway said, "GTPL continued to deliver strong business and financial performance in third quarter of FY20. During the quarter, we seeded 150,000 STBs and reported a strong 44% increase in CATV subscription revenue. As we had communicated during the last quarter, our strong cash flow generation is helping us not only meet our capex requirement but also helping in reducing the debt. During Q3, we further reduced our debt by Rs 475 million and, with that, our net debt as on December 31, 2019 stood at Rs 1,861 million," the company said in a statement to the exchanges.
GTPL Hathway Limited is one of India's leading Digital Cable TV and Broadband service provider. It also the number 1 Cable TV Provider in Gujarat with 67 per cent market share.
GoodReturns.in
