India's GTPL Hathway hits near 1-1/2-yr low after Q3 profit slump

GTPL Hathway

10/01/2025 06:22

** Shares of GTPL Hathway Ltd  GTPH.NS  fall as much as 9.1%
to 133.13 rupees, their lowest since Aug. 4, 2023
    ** Broadband service provider reports 57% fall in Q3 consol
net profit to 101.7 mln rupees ($1.2 mln)
    ** Profit from larger segment of cable TV business fell
71.4% to 49.5 mln rupees in Q3
    ** EBITDA (Earnings before interest, taxes, depreciation and
amortisation) margins contracted to 12.7% from 15.2% YoY
    ** More than 305,000 shares traded as of 11:44 a.m. IST,
5.2x their 30-day moving avg
    ** GTPH fell 28.3% in 2024


($1 = 85.8870 Indian rupees)

 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))