India's GTPL Hathway jumps on revenue growth in June-qtr

GTPL Hathway

17/07/2023 06:16

** Shares of GTPL Hathway  GTPH.NS  rise as much as 11.04%,
their highest intraday pct gain in seven months
    ** Co reports 23% YoY rise in revenue from operations in
June quarter, to 7.74 bln rupees
    ** However, consolidated net profit falls 17% to 359.19 mln
rupees, dragged by rise in costs
    ** On a sequential basis, GTPH logs rise in all key metrics
such as profit, revenue, core profit and margin
    ** Stock is most active in three months, with a trading
volume of over 393,000 shares as of 10:35 a.m. IST - Refinitiv
    ** Stock down 17.6% in 2023 so far compared to 8% rise in
Nifty 50  .NSEI  index

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com ; +91 9769003463))