GTPL Hathway reports 31.9% revenue growth in Q1 2020
The company's cable TV business revenue was Rs 344.16 cr in Q1 2020 as compared to Rs 260.93 cr in Q1 2019
Published - 1 week ago
Hathway Ltd (GTPL) has reported 31.9 per cent growth in revenue for the Q1 2020, ended 30 June 2019, according to reports. The company also reported almost 3X the operating profit for its cable TV business as compared to the corresponding quarter last year.
The company’s consolidated revenue from operations for the quarter under review grew 50 percent year on year (YoY) while consolidated total income expanded 30.3 percent in Q1 2020 as compared to Q1 2019. Consolidated profit after tax grew 164.3 percent to Rs 33.23 crore in Q1 2020 as compared to Rs 12.57 crore in Q1 2019.
GTPL reported consolidated revenue from operations at Rs 445.47 crore in Q1 2020 as compared to Rs 296.91 crore in Q1 2019. Consolidated total income for the period was Rs 454.30 crore as compared to Rs 296.91 crore in the corresponding period last year. The company's cable TV business revenue was Rs 344.16 crore in Q1 2020 compared to Rs 260.93 crore in Q1 2019.
The company’s internet services business (Ex-EPC Project numbers) revenue grew 9.2 percent to Rs 39.29 crore in Q1 2020 from Rs 35.98 crore in Q1 2019.
GTPL reported revenue of Rs 62.02 crore an operating profit of Rs 2.89 crore from the EPC Project. GTPL reported revenue (Ex EPC Project) of Rs 391.1 crore, which was 29 percent more YoY. The company's CATV subscription revenue reportedly increased 47 percent YoY to Rs 247.2 crore.
EBITDA Ex EPC Project increased 32 percent YoY to Rs 110.3 crore. Ex EPC Project PAT doubled to Rs 26.6 crore.
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