{"id":105293,"date":"2023-07-17T14:07:23","date_gmt":"2023-07-17T08:37:23","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=105293"},"modified":"2023-07-17T14:56:51","modified_gmt":"2023-07-17T09:26:51","slug":"mukesh-ambani-associate-companys-stock-jumps-up-to-11-post-q1-results-check-the-details","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/mukesh-ambani-associate-companys-stock-jumps-up-to-11-post-q1-results-check-the-details\/","title":{"rendered":"Mukesh Ambani associate company\u2019s stock jumps up to 11% post Q1 results; Check the details\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2725284951\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of this small-cap stock jumped up to 11 percent after announcing its results for the first quarter ending June 2023 (Q1FY23-24). The company\u2019s market capitalization stands at Rs 1,378 crores.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1946905760\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The stocks of GTPL Hathway Limited opened their trading hour at Rs 119 and currently trade at Rs 121.30. The scrip witnessed an intra-day high of Rs 127.75 indicating a gain of around 11 percent compared to the previous closing levels of Rs 115.05 apiece.&nbsp;<\/p><p>The surge in the stock prices today is observed after announcing results for Q1FY23-24. The company\u2019s basic metrics, in recent quarters, have shown positive movements. Comparing Q1FY23-24 with Q4FY22-23, the operating revenues as well as after-tax profits showed an increase with the former moving from Rs 692 crores to Rs 774 crores and the latter transitioning from a net loss of Rs 11 crores to net profits of Rs 35 crores.&nbsp;<\/p><p>On a YoY basis, the operating revenues, on one hand, increased from Rs 630 crores in June 2022 to Rs 774 crores during June 2023 and, the net profits, on the other hand, went down from Rs 48 crores to Rs 35 crores keeping aside the bounce back the company did on a sequential basis.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3499116944\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The company\u2019s profitability metrics have shown a dip in numbers with the return on equity (RoE) declining from 19.34 percent during FY21-22 to 10.32 percent in FY22-23. Moreover, the return on capital employed (RoCE) took a downshift from 25.37 percent to 14.73 percent keeping the timeframe the same.&nbsp;<\/p><p>According to the shareholding data pertaining to the June 2023 quarter, the Promoters hold a 75 percent stake, and Foreign Institutional Investors (FIIs) hold a 8.56 percent stake in the company.&nbsp;<\/p><p>GTPL Hathway Limited is a provider of cable TV and Broadband services in India. The company has three operating segments namely the Internet service, Cable Television, and EPC Project. It derives a majority of its revenue from the \u2018Cable Television\u2019 segment. Geographically, the company generates revenue from Indian market operations.&nbsp;<\/p><p><strong>Written by Amit Madnani<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2717374453\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of this small-cap stock jumped up to 11 percent after announcing its results for the first quarter ending June 2023 (Q1FY23-24). The company\u2019s market capitalization stands at Rs 1,378 crores.&nbsp; The stocks of GTPL Hathway Limited opened their trading hour at Rs 119 and currently trade at Rs 121.30. The scrip witnessed an intra-day [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":69895,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31],"tags":[],"class_list":["post-105293","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Mukesh Ambani associate company\u2019s stock jumps up to 11% post Q1 results; Check the details\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of this small-cap stock jumped up to 11 percent after announcing its results for the first quarter ending June 2023 (Q1FY23-24). 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