GTPL Hathway Limited announced its audited financial results for Q4FY26 and FY26 ended March 31, 2026, through a regulatory filing under Regulation 30 of SEBI Listing Regulations. The board meeting held on April 15, 2026, approved comprehensive financial statements and key corporate decisions. The company also released a detailed media release covering financial highlights and operational performance.

Q4 Consolidated Performance

The company's Q4 consolidated results showed mixed performance with revenue growth offset by margin compression. Total revenue for Q4FY26 stood at Rs 9.34 billion, representing a 4% year-over-year growth from Rs 8.99 billion in Q4FY25. EBITDA for the quarter was Rs 908 million with an EBITDA margin of 9.7%.

Annual Financial Performance Overview

For FY26, GTPL Hathway reported total revenue of Rs 37.47 billion, marking a 7% annual growth. The company's broadband revenue grew by 2% annually, while maintaining stable performance across business segments. EBITDA for the full year stood at Rs 4.32 billion with an EBITDA margin of 11.5% and operating margin of 22%.

Business Performance Metrics

GTLP Hathway maintained a strong subscriber base with 9.40 million active digital cable TV subscribers and 8.70 million paying subscribers as of March 31, 2026. The broadband business showed growth momentum with 1.06 million active subscribers, representing a 15,000 year-over-year increase. Broadband homepass stood at 5.95 million, with approximately 75% available for FTTX conversion.

GTPL Infinity HITS Platform

GTLP Hathway launched GTPL Infinity, its Headend-in-the-Sky (HITS) platform, supported by one of the world's largest C-band teleport facilities located in Ahmedabad. The satellite-based platform enables seamless nationwide distribution of approximately 800 channels, including around 100 HD channels. The platform is designed for scalable, cost-efficient, and high-quality content delivery with rapid deployment capabilities.

Dividend Recommendation and Corporate Actions

The Board of Directors recommended a dividend of Rs 2.00 per equity share of Rs 10 each for FY26, representing 20% of face value, subject to shareholder approval at the Annual General Meeting. The company continues to focus on enhancing customer experience and expanding service portfolio beyond traditional offerings by integrating value-added services such as OTT, Gaming, and TV Everywhere.

Management Commentary and Outlook

Managing Director Anirudhsinh Jadeja highlighted the company's stable performance across both Cable TV and Broadband segments, reflecting the strength of the operating model. The company is actively expanding its service portfolio and leveraging the newly launched GTPL Infinity platform to enhance TV distribution capabilities and increase broadband penetration in key markets.

GTPL Hathway Limited has disclosed receiving a significant GST demand order from tax authorities, requiring the company to pay Rs 11.13 crore for alleged tax compliance violations. The company received the order on March 25, 2026, via speed post and has made the disclosure under Regulation 30 of SEBI listing requirements.

GST Order Details

The order dated March 23, 2026, was issued by the Office of the Principal Commissioner of CGST and Central Excise, Chennai North Commissionerate. The tax authorities have alleged wrong availment of input tax credit and short payment of GST by the company.

Legal Framework and Penalties

The order has been passed under multiple GST legislations, creating a comprehensive demand structure. The differential tax amount of Rs 11.13 crore comes with additional financial implications including applicable interest charges.

The penalty has been levied under Section 74 of the Central Goods and Services Tax Act, 2017, along with provisions of:

• Tamil Nadu Goods and Services Tax Act, 2017
• Integrated Goods and Services Tax Act, 2017

Company's Response and Impact Assessment

GTpl Hathway has announced its intention to file an appeal against the order, indicating the company disputes the allegations made by the tax authorities. The company has provided a clear assessment of the order's impact on its operations.

Regulatory Compliance

The disclosure was made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The communication was signed by Company Secretary and Compliance Officer Shweta Sultania and addressed to both BSE Limited and National Stock Exchange of India Limited, ensuring proper regulatory notification of this material development.