GTPL Hathway shares fell more than 2% to Rs 167 a share on July 12, following the company’s net profit fell 60.2 percent year on year (YoY) to Rs 14.3 crore in the June quarter (Q1 FY25).
The digital cable TV services’ stock has decreased by more than 11% so far this year, while the benchmark Nifty 50 index has increased by 11%. Prior to this, on January 10, 2024, GTPL Hathway reached a 52-week high of Rs 217 per share.
GTPL Hathway’s total income increased by 9 percent year on year to Rs 850 crore in Q1FY25, up from Rs 780 crore the previous year, due to increased broadband connections. The company’s overall spending climbed by 12 percent year on year to Rs 730 crore in the quarter ended June 30.
As of 2:15 pm, GTPL Hathway shares were trading 2.24% lower at ₹168.44.
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