GTPL Hathway plunges 4% after poor Q1 performance
Total revenue from operations for Q1FY23 was at Rs 630.4 crore as compared with Rs 601.7 crore in Q1FY22, an increase of 4.7 per cent year-on-year (YoY).
By ETMarkets.com |
iStock
Shares of GTPL Hathway plunged 4 per cent in Friday’s trade after the company announced its financial numbers for the quarter ended June 2022.
Total revenue from operations for Q1FY23 was at Rs 630.4 crore as compared with Rs 601.7 crore in Q1FY22, an increase of 4.7 per cent year-on-year (YoY).
The company’s net profit, however, fell 9.5 YoY in the said quarter to Rs 48.2 crore against last year’s Rs 53.3 crore.
The total comprehensive income took a hit in June 2022 quarter as it fell 8.8 per cent to Rs 48.3 crore from Rs 53 crore in June 2021. Total expenses for the quarter under review rose by 8.5 per cent YoY to Rs 581.5 crore from Rs 535.6 crore.
At 10:30 am, the stock hovered at Rs 148 around 4.21 per cent below its previous close of Rs 154.5.
GTPL Hathway Ltd is a smallcap company with a market cap of Rs 1,664.43 crore.
Total revenue from operations for Q1FY23 was at Rs 630.4 crore as compared with Rs 601.7 crore in Q1FY22, an increase of 4.7 per cent year-on-year (YoY).
The company’s net profit, however, fell 9.5 YoY in the said quarter to Rs 48.2 crore against last year’s Rs 53.3 crore.
The total comprehensive income took a hit in June 2022 quarter as it fell 8.8 per cent to Rs 48.3 crore from Rs 53 crore in June 2021. Total expenses for the quarter under review rose by 8.5 per cent YoY to Rs 581.5 crore from Rs 535.6 crore.
At 10:30 am, the stock hovered at Rs 148 around 4.21 per cent below its previous close of Rs 154.5.
GTPL Hathway Ltd is a smallcap company with a market cap of Rs 1,664.43 crore.
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