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GTPL Hathway advances after stellar Q3 performance

Capital Market 

GTPL Hathway jumped 10.78% to Rs 89.90 after the company announced robust Q3 2019 earnings.

The result was announced after market hours yesterday, 9 January 2020.

On consolidated basis, the company reported a 78.2% jump in net profit to Rs 33.06 crore on a 114.3% jump in net sales to Rs 673.97 crore in Q3 December 2019 over Q3 December 2018.

The company's EBITDA for Q3 December 2019 stood at Rs 135.2 crore, up 62% YoY.

GTPL Hathway added 2,40,000 new home pass; added 20,000 net broadband subscribers and 10,000 FTTX subscribers during Q3 FY20. The consumption per customer stood at 126 GB/month as on December 2019; up from 95 GB/month in December 2018.

The stock has surged 36.21% in last one month as compared to a 2.49% rise in BSE Telecom index.

GTPL Hathway Limited is one of India's leading Digital Cable TV and Broadband service provider.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, January 10 2020. 09:17 IST