GTPL Share Price Fell 7.55%; Reports 4% Revenue Growth in Q3 FY25 Results

GTPL Hathway Limited has reported its financial results for the quarter ending December 31, 2024.

Post the announcement, on January 10, 2025, GTPL share price opened at ₹145.00, down from its previous close of ₹146.52. At 10:19 AM, the share price of GTPL was trading at ₹135.46, down by 7.55% on the NSE. Notably, the stock touched its 52-week low at ₹133.13.

Q3 FY 2025 Financial Highlights

The company achieved a total revenue of ₹8,957 million, marking a 4% year-on-year (Y-o-Y) growth. EBITDA for Q3 FY25 stood at ₹1,138 million, reflecting an EBITDA margin of 12.7% and an operating EBITDA margin of 21.8%. Profit After Tax (PAT) for the quarter was ₹102 million.

Operational Highlights

In terms of operational performance, GTPL Hathway’s Digital Cable TV business showed steady growth, with active subscribers reaching 9.60 million as of December 31, 2024, an increase of 200,000 Y-o-Y. Paying subscribers also saw a rise of 2,00,000 Y-o-Y, totalling 8.90 million. The subscription revenue from Cable TV amounted to ₹3,024 million for the quarter.

On the broadband front, GTPL Hathway saw a growth in subscribers, with broadband subscribers increasing by 37,000 Y-o-Y, bringing the total to 1.042 million. The company’s homepass, which represents the network coverage for broadband services, stood at 5.95 million, an increase of 3,50,000 Y-o-Y.

Notably, 75% of the homepass is available for FTTX (Fiber to the Home) conversion. The broadband average revenue per user (ARPU) for the quarter was ₹465 per month, reflecting a ₹5 Y-o-Y increase. Additionally, the average data consumption per user per month was 365 GB, marking a 6% Y-o-Y increase.

GTPL Hathway’s consistent growth across both its Digital Cable TV and broadband segments highlights the company’s strong market position.

Commenting on the results, the Managing Director of GTPL Hathway Limited, Mr Anirudhsinh Jadeja, said, “GTPL continues to consistently grow subscriber base across both business divisions, reflecting our commitment to provide best in class and innovative products and services to our customers. Our focus on providing a holistic experience for our subscribers has enabled us to maintain our position as the largest MSO in the country. We are confident of our growth in upcoming quarters in both the business segments based on favourable industry dynamics towards continued consolidation.”

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