India's GTPL Hathway falls on weaker Q3 net profit

GTPL Hathway

13/01/2023 05:27

** Shares of GTPL Hathway  GTPH.NS  fall as much as 3.37%,
to 133.50 rupees, their lowest since Jan 4, 2023
    ** The slide in the digital cable TV and broadband services
provider's stock comes after the co reported a 31% fall in net
profit in the third quarter on Thursday
    ** Revenue from operations rose 14% YoY in the December
quarter
    ** EBITDA (Earnings before interest, taxes, depreciation and
amortisation) fell 16% to 1.12 bln rupees in the third quarter
from 1.33 bln rupees
    ** EBITDA margins contracted to 16.35% from 22.28% YoY
    ** Trading volume is 1,11,047 shares, 0.7x the 30-day avg of
1,49,146 shares
    ($1 = 81.6630 Indian rupees)
 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; Mobile:
+919769003463))