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Ketan Mittal (SEBI RA)

10th Jan 2025 · SEBI-Registered Analyst

GTPL Hathway - 10% down. Should you worry ?

GTPL Hathway's shares dropped nearly 10% on January 10, hitting a 52-week low of ₹132.65, after reporting a 57% fall in net profit for Q3FY25 to ₹10.17 crore. Revenue grew slightly by 4.27% to ₹887.27 crore, but profit margins shrank, with EBITDA down 12.76%. Despite the weak results, the company added more digital cable TV and broadband subscribers, with active cable users at 9.6 million and broadband users at 1.04 million. Management is hopeful about future growth, pointing to strong subscriber numbers and positive industry trends.

#FundamentalViews#EquityResearch#StockInNews#PsychologyofMoney#PersonalFinance
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