GTPL Hathway - Robust Q4 Performance: ICICI Direct

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ICICI Direct Report

GTPL Hathway Ltd. reported a robust operating performance in Q4 FY21. Revenues at Rs 748.7 crore were down 14.2% year-on-year.

However, excluding engineering procurement and construction, revenues were at Rs 560.1 crore, up 18.2% YoY, led by growth in broadband and placement income.

Subscription and broadband revenues were at Rs 266.5 crore and Rs 81.7 crore, respectively.

Reported Ebitda increased 2.4% YoY to Rs 116.4 crore. Ebitda margins at 15.5% were down 180 basis points YoY post increase in operating expenses.

Subsequently, profit after tax was at Rs 56.9 crore against net loss of Rs 13.6 crore in Q4 FY20.

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