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.
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.