Shares of GTPL Hathway Ltd. jumped 11% to ₹150.07 in today’s trading session as investors eagerly await the company’s Q3 earnings report, set to be released on Thursday. This surge reflects heightened optimism about the company’s upcoming performance despite mixed results in the previous quarter.
During Q2 of the current fiscal year, GTPL Hathway reported a 61.8% year-on-year decline in net profit to ₹13.7 crore, compared to ₹35.9 crore in the same period last year. However, the company demonstrated positive revenue growth, with a 9.8% year-on-year increase to ₹856 crore, driven by an expanding subscriber base of 9.5 million active users and 8.8 million paying subscribers.
Stock Performance Details:
- Current Share Price: ₹150.07 (+₹14.98 | +11.09%)
- Day Range: ₹140.04 – ₹157.99
- 52-Week Range: ₹133.55 – ₹217.80
- Market Cap: ₹16.88 billion
- Dividend Yield: 2.66%
- P/E Ratio: 26.37
- Average Volume: 16.52K
Future Growth Plans:
GTPL Hathway recently announced a ₹100 crore investment in its upcoming Headend in the Sky (HITS) service, expected to launch in Q1 FY26. The service will have the capacity to deliver 900 television channels and is expected to significantly boost subscriber growth. This initiative complements its hybrid offerings that integrate traditional cable TV with OTT platforms, further solidifying its market position.
