New Delhi : GTPL Hathway Ltd, a company that offers cable and internet services, announced a 61.7 percent drop in its combined net income to Rs 13.74 crore for the quarter ending September 2024. According to a regulatory filing from GTPL Hathway, a company under the ownership of Reliance Industries Group, there was a net profit of Rs 35.87 crore in the July-September period last year.
Nevertheless, its overall earnings increased by 9.8 per cent to Rs 855.56 crore in the September quarter. In the same period last year, it stood at Rs 779.19 crore. In Q2 of FY25, the company generated Rs 707.20 crore from its Cable TV business and Rs 137.45 crore from internet services.
GTPL Hathway's overall revenue, which includes additional income, increased by 9.12 percent to Rs 862.03 crore in the September quarter. On Wednesday, GTPL Hathway Ltd's shares closed 1.56% up at Rs 165.65 each on the BSE.
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