GTPL Hathway shares tumbled 3.21 per cent to ₹93.50 on Tuesday afternoon, erasing the previous session’s gains despite the company reporting a 14 per cent year-on-year growth in profit before tax for the December quarter. The stock opened sharply higher at ₹107.99 but reversed course to hit a fresh 52-week low of ₹92.75 during intraday trade.
The shares witnessed heavy selling pressure with 63.27 per cent of the traded quantity on the sell side against 36.73 per cent on the buy side. Trading volume stood at 15.91 lakh shares with a value of ₹16.14 crore as of 1:10 pm.
The digital cable TV and broadband service provider announced its Q3 FY26 results on Sunday, reporting total consolidated revenue of ₹938.2 crore, up 5 per cent year-on-year. EBITDA came in at ₹118.9 crore with a margin of 12.7 per cent, while profit after tax stood at ₹11.1 crore compared to ₹10.2 crore in the same quarter last year.
The company’s operational metrics showed mixed performance. While broadband subscribers increased by 18,000 year-on-year to 1.06 million, digital cable TV active subscribers remained flat at 9.40 million. Broadband revenue grew 4 per cent to ₹143.3 crore, though cable TV revenue declined marginally to ₹297.0 crore from ₹302.4 crore.
Managing Director Anirudhsinh Jadeja highlighted the launch of GTPL Infinity, a satellite-based HITS platform backed by one of the world’s largest C-band teleport facilities in Ahmedabad, as a strategic milestone for the company.
The stock has been under pressure, down 23.54 per cent over the past year and 40.27 per cent over five years. With a market capitalisation of ₹1,051.53 crore, the counter trades at a P/E ratio of 28.59.