GTPL Hathway’s stock jumped more than 12% in early trade after the company released its third‑quarter numbers, catching the eye of many small‑cap investors.
Share price reaction
At its peak, the share traded around ₹108.90 on the BSE, up nearly 12.8% from the previous close. By mid‑morning, the price settled near ₹99.50, still up about 3%.
Quarterly financial highlights
- Net profit: ₹11 crore, an 8.9% rise from the same quarter last year.
- Revenue: ₹932.6 crore, up 5.1% YoY.
- EBITDA: ₹113.3 crore, a 7.2% increase, with the margin improving to 12.1%.
Subscriber and revenue growth
The company’s cable TV arm reported 9.4 million active subscribers, of which 8.7 million are paying customers. Cable subscription revenue reached ₹297 crore.
Broadband numbers also improved:
- Subscriber base grew by 18,000 YoY.
- Broadband revenue rose 4% to ₹143 crore.
- Average revenue per user (ARPU) stood at ₹465 per month.
- Average data consumption hit 410 GB per month, up 12% YoY.
GTPL’s home‑pass network now covers 5.95 million locations, with 75% ready for fiber‑to‑the‑X conversion.
Technical outlook
Analysts note that the stock is trying to form a fourth bottom within a long‑term 252‑week structure, indicating lingering weakness rather than a clear reversal.
In the short term, a bounce toward the 50‑week moving average around ₹112 could happen, but it is viewed as a corrective move, not a fresh buying signal. The price area near ₹112 may attract selling pressure, serving as a logical exit point for current holders.
On the downside, a close below ₹92 would break the base and could start a new leg lower, keeping risk skewed to the downside.
Recent price trend
- +5% gain over the past month.
- -10% change over the past six months.
- -15% decline over the last year.
- -33% drop over the past five years.
Bottom line
While the Q3 earnings show modest profit and revenue growth, the stock’s technical picture remains cautious. Investors should consider the downside risks before adding to positions.
Remember, this is perspective, not a prediction. Do your own research and consult a certified advisor before making any investment decisions.