GTPL Hathway stock rises up to 17% ahead of Q3 results

GTPL Hathway Ltd stocks rise above 10 percent ahead of Q3 results

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26 Aug, 2025 12:21

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GTPL Hathway Ltd shares rose up to 17% on January 9 to trade at Rs 158 apiece ahead of the company's December quarter results.

The gain in shares ahead of anticipation of its Q3 earnings, to be revealed on Thursday, after its Q2 performance reflected mixed investor sentiments.

GTPL Hathway reported a significant decline in net profit during the second quarter of the current fiscal year. Net profit plummeted by 61.8 percent year-on-year to Rs 13.7 crore, compared to Rs 35.9 crore in the same period last year. Despite this decline, the company demonstrated positive revenue growth, with revenue increasing by 9.8 percent year-on-year to reach Rs 856 crore in Q2. This growth was fueled by a continued expansion of the subscriber base, which reached 9.5 million active subscribers and 8.8 million paying subscribers at the end of the quarter.

GTPL Hathway is an Indian company that provides a range of telecommunication services, including digital cable television and broadband internet. Their cable TV offerings encompass standard definition (SD) and high-definition (HD) channels, as well as innovative hybrid services that seamlessly integrate traditional cable TV with over-the-top (OTT) platforms.

The company had recently made an announcement to invest Rs 100 crore in its upcoming Headend in the Sky (HITS) service. Scheduled to launch in the first quarter of FY26, the HITS service will have the capacity to deliver up to 900 television channels. This was revealed by a senior company executive to the Economic Times, who also stated that GTPL Hathway plans to leverage HITS as a key driver for future subscriber growth. The company received its HITS license from the Ministry of Information and Broadcasting (MIB) on Friday.

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