GTPL Hathway Ltd Share Price – NSE /  BSE

Entertainment, Small Cap

Revenue from operations increased 9.8% to Rs 855.56 crore in Q2 FY25 as compared with Rs 779.20 crore posted in corresponding quarter last year.

On QoQ basis, the company’s net profit declined 10.57% while revenue increased 1.45% from Q2 FY25.

EBITDA stood at Rs 113.8 crore in Q2 FY25, registering de-growth of 15.77% to Rs 135.1 crore in Q2 FY24. EBITDA margin contracted to 13.2% as against 17.1% in Q2 FY24.

Digital cable TV revenue declined 3.01% to Rs 312.9 crore in the quarter ended 30 September 2024 as compared with Rs 322.6 crore in the quarter ended 30 September 2023. Active subscribers were 9.50 million as of 30th September 2024, up by 1,00,000 YoY.

Broadband revenue increased 3.8% YoY to Rs 136.7 crore in Q2 FY25. The broadband average revenue per user (ARPU) stood at Rs 460 per month per subscriber for the qaurter. Broadband subscribers increased by 50,000 YoY thus standing at 10,40,000.

Anirudhsinh Jadeja, managing director, GTPL Hathway, said, “GTPL maintains its stronghold as the largest MSO of India with a commitment to meet all entertainment and connectivity needs of our valued customers, driven by a strong focus on innovation and enhancing the customer experience. Broadband business is witnessing healthy subscriber growth, propelled by both direct customer additions and with strategic use of our extensive partner network to expand.

The launches are significant with a suite of services including ‘TV Everywhere’, ‘Blacknut Cloud Gaming’ and ‘Distro TV’, being made available to our customers while integrating GTPL’s AI enabled chatbot ‘GIVA’ for sales as well as support.”

GTPL Hathway is a multi-system operator (MSO), providing digital cable TV services. The company is the sixth largest private wireline broadband service provider in India.

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The equity indices traded with moderate gains in early trade. The Nifty traded above the 25,000 level. Barring the Nifty pharma index, all the other sectoral indices on the NSE were traded in green.

At 09:28 IST, the barometer index, the S&P BSE Sensex rose 204.47 points or 0.25% to 81,655.96. The Nifty 50 index added 64.05 points or 0.26% to 25,046.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index gained 0.41% and the S&P BSE Small-Cap index rose 0.73%.

The market breadth was strong. On the BSE, 2,112 shares rose and 686 shares fell. A total of 130 shares were unchanged.

Foreign portfolio investors (FPIs) sold shares worth Rs 4,562.71 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 3,508.61 crore in the Indian equity market on 9 October 2024, provisional data showed.

Ratan Tata, the Chairman Emeritus of Tata Sons and a recipient of India's second-highest civilian honor, the Padma Vibhushan, passed away on Wednesday at Mumbai's Breach Candy Hospital. He was 86 years old. Tata had been in critical condition and under intensive care. On Monday, he had disclosed that he was undergoing routine medical examinations due to his age and associated health conditions.

Stocks in Spotlight:

GTPL Hathway slipped 2.51% after the company’s consolidated net profit declined 61.69% to Rs 13.74 crore in Q2 FY25 as compared with Rs 35.87 crore in Q2 FY24. Revenue increased 9.8% YoY to Rs 855.56 crore in Q2 FY25.

Western Carriers (India) shed 0.33%. The company reported 8.24% increase in consolidated net profit to Rs 18.9 crore in Q2 FY25 as compared with Rs 17.46 crore in Q2 FY24. Revenue rose 5.26% to Rs 422.71 crore during the quarter.

Sonata Software added 0.77%. The company has partnered with with iNube to provide a digital insurance platform.

Numbers to Track:

The yield on India's 10-year benchmark federal paper shed 0.08% to 6.875 as compared with previous close 6.881.

In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 83.9550, compared with its close of 83.9650 during the previous trading session.

MCX Gold futures for 4 December 2024 settlement rose 0.09% to Rs 74,999.

The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.06% to 102.86.

The United States 10-year bond yield gained 0.12% to 4.074.

In the commodities market, Brent crude for December 2024 settlement gained 60 cents or 0.78% to $77.18 a barrel.

Global Markets:

Asian stocks climbed on Thursday, buoyed by Wall Street's gains and anticipation for Beijing's additional fiscal stimulus measures. The region's markets were positively influenced by the Dow Jones Industrial Average hitting a new record closing high after the Federal Reserve's September meeting minutes indicated a preference for a 50-basis-point interest rate cut. However, the minutes also clarified that the Fed has not committed to a specific pace of rate reductions.

In the U.S., the S&P 500 rose 0.7% on Wednesday, while the Dow Jones Industrial Average surged 1% to a record closing high of 42,512.0. The NASDAQ Composite gained 0.6%. Investors are now closely watching the third-quarter earnings season, with several major banks scheduled to report on Friday. Additionally, concerns about potential damage from Hurricane Milton are being monitored.

The key focus has shifted to the consumer price index data due on Thursday, which will provide valuable insights into inflation trends and their implications for interest rates. Persistent inflation could limit the Fed's ability to rapidly cut rates.

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Net profit of GTPL Hathway declined 62.65% to Rs 12.78 crore in the quarter ended September 2024 as against Rs 34.22 crore during the previous quarter ended September 2023. Sales rose 9.80% to Rs 855.56 crore in the quarter ended September 2024 as against Rs 779.20 crore during the previous quarter ended September 2023.

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GTPL Hathway will hold a meeting of the Board of Directors of the Company on 9 October 2024.

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