GTPL Hathway rose 1.82% to Rs 171 at 11:18 IST on BSE after net profit spurted 478% to Rs 23.80 crore on 23% rise in revenue to Rs 195.50 crore in Q3 December 2017 over Q3 December 2016.
The results were announced after market hours yesterday, 14 February 2018.Meanwhile, the S&P BSE Sensex was up 214.83 points, or 0.63% to 34,370.78.
On the BSE, 1,915 shares were traded in the counter so far as compared with average daily volumes of 17,203 shares in the past one quarter. The stock had hit a high of Rs 174.95 and a low of Rs 170 so far during the day. The stock hit a record high of Rs 190.30 on 11 July 2017. The stock hit a record low of Rs 126.60 on 24 August 2017.
The stock had underperformed the market over the past 30 days till 14 February 2018, falling 3.31% compared with 1.77% fall in the Sensex. The scrip, however, outperformed the market in past one quarter, gaining 17.08% as against Sensex's 3.17% rise.
The small-cap company has equity capital of Rs 112.46 crore. Face value per share is Rs 10.
GTPL Hathway's earnings before interest, taxation, depreciation and amortization (EBITDA) rose 46% to Rs 63.40 crore in Q3 December 2017 over Q3 December 2016.
Anirudhasinhji Jadeja, Managing Director, GTPL Hathway, said during Q3 December 2017 the company seeded 180,000 set-top boxes and added 110,000 digital paying subscribers. Increase in phase III and phase IV average revenue per user and reduction in finance costs have helped the company improve profitability significantly.
GTPL Hathway is one of India's leading Digital Cable TV and Broadband service providers.
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