GTPL Hathway's shares plunged nearly 10% on January 10, hitting a 52-week low of ₹132.65. The decline followed the company's announcement of a significant 57% drop in net Profit for Q3FY25. The stock is now over 38% below its 52-week high of ₹215.05 recorded in February 2024.
Financial Performance Highlights
- Net Profit: ₹10.17 crore in Q3FY25, a 57% YoY decline from ₹23.67 crore in Q3FY24.
- Revenue Growth: ₹887.27 crore, up 4.27% YoY but profitability remained under pressure.
- EBITDA: ₹113.80 crore, down 12.76% YoY; EBITDA margin contracted to 12.7% from 15.2% in Q3FY24.
Growth in Subscriber Base
Despite financial setbacks, GTPL Hathway showed positive subscriber growth:
- Digital Cable TV: Active subscribers grew by 200,000 YoY, reaching 9.6 million. Paying subscribers also increased to 8.9 million. The subscription revenue for the quarter reached ₹3,024 million.
- Broadband: Subscriber base expanded by 37,000 YoY to 1.04 million. Broadband ARPU rose to ₹465 per month, and average data consumption grew 6% to 365 GB per user per month.
Management Outlook
Anirudhsinh Jadeja, MD of GTPL Hathway, remained optimistic despite the challenges. He highlighted the company's commitment to expanding its subscriber base and enhancing services, expecting growth in upcoming quarters due to favourable industry trends.
GTPL Hathway is India's largest multi-system operator (MSO) and the sixth-largest private wireline broadband provider. It focuses on innovative solutions for digital cable TV and broadband services.
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