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GTPL Hathway's Q3 net down 37%

GTPL Hathway s net profit for Q3FY24 declined 37% to Rs 24 crore. Operating profit remained flat at Rs 131 crore. Total revenue rose 22% to Rs 861 crore due to an increase in active cable TV subscribers. Total expenditure went up 27% to Rs 730 crore, mainly due to a rise in pay channel costs. Cable subscription and activation revenues surged, while broadband revenue expanded by 9%. GTPL Hathway plans to invest Rs 450-500 crore annually in capex for cable TV and broadband businesses.

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Andhra-pradesh
India
Tamil-nadu
Haryana
Uttarakhand
Uttaranchal
Delhi
Anirudhsinh-jadeja
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Grpl

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