India's GTPL Hathway down on lower Q1 profit

GTPL Hathway

15/07/2022 08:31

** Shares of digital cable TV service provider GTPL Hathway
 falls as much as 5.3% to 146.25 rupees, lowest since
July 4
    ** GTPH posts biggest intraday pct loss since June 20
    ** GTPH on late Thursday reported Q1 consolidated net profit
for the period ended June 30 of 432.6 mln rupees ($5.42 mln),
down 8.9% y/y, on higher expenses (https://bityl.co/DFor)
 
    ** June-qtr expenses rose 8.6% from year ago 
    ** GTPH's rev from operations grew 4.8% at 6.31 bln rupees 
    ** GTPH, which also provides wireline broadband service,
reported Q1 broadband average revenue per user, a key
performance metric, at 450 rupees, flat from a quarter ago. (https://bit.ly/3o4fG6R)
 
    ** Co said average data consumption per user per month rose
by 17% Y/Y to 260 GB 
    ** More than 40,000 shares changed hands by 0708 GMT vs
30-day avg of over 26,000 shares
    ** GTPH down 41.4% YTD up to last close

($1 = 79.8725 Indian rupees)

 (Reporting by Yagnoseni Das in Bengaluru)
 ((yagnoseni.das@thomsonreuters.com))