GTPL Hathway's net profit drops 61.7% to Rs 13.74 crore in Q2

New Delhi: GTPL Hathway reported a decline of 61.7% in its consolidated net profit to Rs 13.74 crore for the second quarter ended September 2024.

The company had posted a net profit of Rs 35.87 crore in the July-September period a year ago, according to a regulatory filing from GTPL Hathway, a firm owned by Reliance Industries Group.

However, its total revenue was up 9.8% to Rs 855.56 crore in the September quarter. It was at Rs 779.19 crore in the corresponding period a year ago.

During the quarter, its revenue from the Cable TV business was Rs 707.20 crore and Rs 137.45 crore from internet services in Q2 of FY25.

GTPL Hathway's total income, which also includes other income, was up 9.12% in the September quarter to Rs 862.03 crore.