GTPL Hathway, a provider of digital cable TV and broadband services, has reported a 62.9% year-on-year decline in net profit for the second quarter ending September 30, 2024.
The company posted a net profit of ₹12.7 crore, compared to ₹34.2 crore in the same quarter last year. Despite this profit slump, GTPL Hathway saw a 9.8% increase in revenue, which stood at ₹855.6 crore, up from ₹779.2 crore in the corresponding period of the previous fiscal year.
The decline in profit signals increased operational costs or other financial pressures. The company continues to focus on expanding its digital services while navigating financial challenges.
GTPL Hathway Share Price history
| Day | Open | Close | Day’s change |
|---|---|---|---|
|
Wed, Oct 9 2024
|
₹165.00
|
₹165.31
|
|
|
Tue, Oct 8 2024
|
₹164.00
|
₹164.31
|
-0.98%
|
|
Mon, Oct 7 2024
|
₹169.10
|
₹165.93
|
-1.38%
|
|
Fri, Oct 4 2024
|
₹170.00
|
₹168.25
|
-1.33%
|
|
Thu, Oct 3 2024
|
₹163.00
|
₹170.51
|
|
|
Tue, Oct 1 2024
|
₹166.50
|
₹165.78
|
-0.47%
|
|
Mon, Sep 30 2024
|
₹166.95
|
₹166.56
|
-0.23%
|
|
Fri, Sep 27 2024
|
₹170.99
|
₹166.95
|
-1.78%
|
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