GTPL Hathway share price climbs post Q3 earnings

The share price of Gujarat Television Private Limited (GTPL) Hathway moved up by 11 per cent in the early morning trade on January 10, 2020 (Friday). This positive move was due to the strong numbers posted by the company after the market hours on January 9, 2020 (Thursday), for the quarter ended December 2019.

On a consolidated basis, the company reported a jump in net profit by 78.2 per cent to Rs 33.06 crore on 114.3 per cent jump in net sales to Rs 673.97 crore in Q3FY20, over Q3FY19. The company's EBITDA for Q3FY20 stood at Rs 135.2 crore, up by 62 per cent YoY. In a statement, the company informed that during the quarter, GTPL Hathway seeded 150,000 Set-top-boxes (STBs) and reported a strong 44 per cent increase in Community Access Television (CATV) subscription revenue.

Incorporated in 2006, GTPL Hathway is a Gujarat-based multi-system operator offering digital cable television and broadband services across India.

At 11.56 am, GTPL Hathway is trading at Rs 84.05, up by 3.57 per cent, against its previous close of Rs 81.15. However, the market on Friday opened at Rs 87.00. Its 52-week high is Rs 95.80 and its 52-week low is Rs 53.15.