GTPL Hathway had a rough day on Friday, as its stock nosedived nearly 10 percent, hitting a 52-week low of ₹132.65. The tumble followed disappointing Q3FY25 earnings that left investors jittery. By the end of the session, the stock was trading a staggering 38 percent below its 52-week high of ₹215.05 from February 2024. The numbers told a tough story. EBITDA dipped 12.8 percent to ₹113.80 crore, and margins shrank to 12.7 percent from 15.2 percent last year. Sequentially, the story wasn’t much better: profits slid 20 percent, though revenue edged up 3.7 percent. But not all signals flashed red. Subscriber growth across GTPL’s key segments provided a glimmer of hope. In the Digital Cable TV business, active and paying subscribers both increased by 200,000 year-on-year, reaching 9.6 million and 8.9 million, respectively. The Broadband segment also showed steady progress, with subscribers rising by 37,000 to hit 1.04 million. While GTPL Hathway’s financial performance this quarter raised concerns, its expanding subscriber base and focus on infrastructure upgrades suggest a potential turnaround. Investors will be watching closely to see if this growth momentum can offset the profitability crunch in the quarters ahead.