One of India’s major digital cable TV & broadband service provider, GTPL Hathway bounced almost 19% in today’s trading session and made an intraday high of Rs 138.90 on the Bombay Stock Exchange.
The organization’s solidified income for the second quarter of FY21 came in at Rs 575.64 crore as against Rs 608.99 crore in the comparing quarter a year ago, enrolling a 5.5 per cent YoY decay.
EBITDA for the quarter developed by 8.5% YoY to Rs 129.91 crore with a comparing edge extension of 291 bps. EBITDA margin for the quarter remained at 22.6%. PAT for the quarter came in at Rs 50.34 crore, with a YoY increment of 42.6%.
On the obligation front, the organization’s net obligation remained at Rs 70.1 crore as of September 2020 as against Rs 127.9 crore in March 2020 and Rs 217.8 crore in September 2019.
Under the cable TV (CATV) section, the fruitful usage of the new tariff order (NTO) in India has opened roads for extension in the current business sectors and lifted passage hindrances in undiscovered business sectors.
Under the broadband business, the organization included 2,10,000 new home-pass and 80,000 net broadband endorsers in Q2FY21, including 40,000 FTTX subscribers. GTPL is in a sweet spot for changing over its solid existing CATV supporter base of 10.41 million family units into its broadband endorsers straightforwardly or through administrators.
Under its EPC business, as of Q2FY21, the organization finished ~14,250 km T&D of the all-out ~17,000 km T&D target.
The organization is a major wireline broadband service provider in Gujarat with 67 % of the overall industry and 24% piece of the pie in West Bengal. It likewise has a huge presence in Maharashtra, Andhra Pradesh, Assam and Telangana.
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