Archive · 13 Jan 2026
GTPL Hathway Shares Drop Despite Q3 Profit Growth
GTPL Hathway is a company that provides cable TV and internet services.
Recently, they announced their financial results for the third quarter of the fiscal year 2026.
They made more profit before tax compared to the same time last year, but their shares still fell by 3%.
The company's internet subscribers increased, but their cable TV subscribers stayed the same.
The stock has been doing poorly over the past year and five years.
The company's leader mentioned a new satellite-based platform as an important step for the future.
Despite the good news about profits, many people sold their shares, causing the price to drop.
GTPL Hathway shares fell 3.21% to ₹93.50 despite a 14% YoY growth in profit before tax for Q3.
Total revenue increased by 5% YoY to ₹938.2 crore, with EBITDA at ₹118.9 crore (12.7% margin).
Broadband subscribers grew by 18,000 YoY to 1.06 million, while cable TV subscribers remained flat at 9.40 million.
The company launched GTPL Infinity, a satellite-based HITS platform, as a strategic milestone.
The stock has declined 23.54% over the past year and 40.27% over five years, with a market cap of ₹1,051.53 crore and a P/E ratio of 28.59.
- Who
- GTPL Hathway, a digital cable TV and broadband service provider
- What
- Shares dropped 3.21% despite a 14% YoY growth in profit before tax for Q3
- When
- January 13, 2026 (results announced on Sunday, stock drop on Tuesday)
- Where
- India (listed on Indian stock exchanges)
- Why
- Heavy selling pressure and mixed operational metrics
- Stock Price
- ₹93.50 (52-week low: ₹92.75)
- PBT Growth
- 14% YoY
- Total Revenue
- ₹938.2 crore (5% YoY)
- EBITDA
- ₹118.9 crore (12.7% margin)
- Profit After Tax
- ₹11.1 crore (vs ₹10.2 crore YoY)
- Broadband Subscribers
- 1.06 million (up 18,000 YoY)
- Cable TV Subscribers
- 9.40 million (flat YoY)
- Market Cap
- ₹1,051.53 crore
- P/E Ratio
- 28.59
- Trading Volume
- 15.91 lakh shares (₹16.14 crore)