Q3 Earnings Impact: GTPL Hathway shares crash 10% on weak Q3 results, profit drops 57%
Live MintShares of GTPL Hathway plunged nearly 10 percent in intra-day trading on Friday, January 10, following the announcement of weaker-than-expected financial results for the quarter ended December 2024. Weak Financial Performance GTPL Hathway reported a consolidated net profit of ₹10.17 crore for Q3FY25, marking a significant decline of 57.03 percent compared to ₹23.67 crore in Q3FY24. Growth in Subscribers Despite financial challenges, GTPL Hathway showed positive momentum in subscriber growth across its business divisions: Digital Cable TV Segment: Active subscribers increased by 200,000 year-on-year, reaching a total of 9.60 million. We are confident of our growth in upcoming quarters in both the business segments based on favorable industry dynamics towards continued consolidation.” GTPL Hathway is a leading multi-system operator in India, offering digital cable TV services and broadband solutions.