Gtpl Hathway Nsegtpl Has Affirmed Its Dividend Of 400

GTPL Hathway (NSE: GTPL) Declares Dividend of ₹4.00

Strong Performance Drives Dividend Distribution

GTPL Hathway (NSE: GTPL), a leading Indian telecom operator, has announced a dividend of ₹4.00 per share for the financial year 2022-23. This dividend affirms the company's strong financial performance and commitment to rewarding its shareholders.

Key Drivers of Dividend

GTPL Hathway's dividend announcement is supported by its robust financial performance in recent quarters. The company has consistently delivered strong revenue growth and profitability, driven by its expanding subscriber base and focus on value-added services. In the nine months ended December 2022, GTPL Hathway reported a 12.6% increase in revenue to ₹2,686.5 crores, while net profit surged by 22.5% to ₹413.2 crores.

Expansion of Broadband Network

A key growth driver for GTPL Hathway has been the expansion of its broadband network across India. The company has invested heavily in fiber-optic infrastructure, enabling it to offer high-speed broadband services to a wider customer base. As of December 2022, GTPL Hathway had a broadband subscriber base of over 1 million, representing a significant increase from the previous year.

Growing Demand for Value-Added Services

In addition to broadband services, GTPL Hathway has also expanded its portfolio of value-added services, including OTT content aggregation, cloud gaming, and home security solutions. These services have gained traction among customers, contributing to the company's revenue growth and profitability.

Impact on Shareholders

The dividend announcement is a positive signal for GTPL Hathway's shareholders. It indicates the company's confidence in its future prospects and financial position. The dividend yield of around 4% at the current market price provides investors with a stable source of income.

Conclusion

GTPL Hathway's strong financial performance and commitment to rewarding shareholders are reflected in its dividend announcement of ₹4.00 per share. The company's ongoing expansion of its broadband network and growing demand for value-added services position it well for continued growth and enhanced returns for investors.