GTPL Hathway shares surged sharply in early trade on Tuesday after the company reported a solid set of numbers for the December quarter, reflecting growth across profit, revenue, EBITDA and margins. The stock was trading 9.76% higher at ₹106.03 as of 9:20 AM, reacting positively to the improved financial performance and business expansion updates.
For the third quarter, GTPL Hathway reported a net profit of ₹11 crore, marking an increase of 8.9% compared with ₹10.1 crore in the corresponding quarter last year. The steady rise in profitability came on the back of higher operating income and controlled costs.
Revenue from operations grew 5.1% year-on-year to ₹932.6 crore in Q3, up from ₹887.2 crore in the same period of the previous fiscal. The company continued to benefit from stable subscription revenues from its cable TV and broadband segments.
Earnings before interest, tax, depreciation and amortisation (EBITDA) for the quarter stood at ₹113.3 crore, registering a growth of 7.2% compared with ₹105.7 crore last year. EBITDA margin also improved to 12.1% from 11.9% in the year-ago period, indicating better operational efficiency.
Operationally, GTPL Hathway reported a strong subscriber base. By the end of the December quarter, the company’s cable TV business had 9.4 million active subscribers, of which 8.7 million were paying subscribers. This continued scale in subscribers supports stable cash flows for the business.
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