GTPL Hathway Chief Financial Officer Saurav Banerjee will retire effective September 30, 2026, upon attaining the age of superannuation. The company informed the stock exchanges regarding the departure of the Key Managerial Personnel, with the retirement taking effect from the close of business hours on the specified date.

Regulatory Disclosure

The disclosure was made to BSE Limited and National Stock Exchange of India Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was signed by Shweta Sultania, Company Secretary & Compliance Officer of GTPL Hathway Limited.

Key Details

GTPL Hathway returned to profitability in the quarter ended June 30, 2026, reporting a standalone net profit of ₹20.12 million. This marks a recovery from the net loss of ₹58.98 million recorded in the quarter ended March 31, 2026. Revenue from operations for the quarter stood at ₹6,877.25 million, an increase from ₹6,102.66 million in the preceding quarter.

The Board of Directors approved the unaudited financial results for the quarter at a meeting held on July 15, 2026. The results were reviewed by the Audit Committee and subjected to a limited review by the Statutory Auditors, Deloitte Haskins & Sells. Total income for the standalone entity was ₹6,932.10 million, while total expenses were reported at ₹6,904.49 million.

On a consolidated basis, the company reported a net profit of ₹13.77 million for Q1FY26, compared to a net loss of ₹139.26 million in the quarter ended March 31, 2026. Consolidated revenue from operations grew to ₹10,198.93 million from ₹9,344.27 million in the previous quarter. The total comprehensive income for the period was ₹13.35 million.

Key Financial Metrics

Segment Performance

The Cable TV Business segment generated revenue of ₹8,573.78 million, while the Internet Service segment contributed ₹1,431.97 million. The Projects segment, including Operations & Maintenance, reported revenue of ₹205.18 million. The total segment result before tax was ₹28.83 million.

Regulatory and Legal Disclosures

The statutory auditors drew attention to a demand from the Department of Telecommunications (DoT) aggregating to ₹9,754.15 million regarding license fees. The company stated that, based on legal opinion, it has strong grounds to defend the matter and has not recognized any provision, treating it as a contingent liability. Additionally, a subsidiary, GTPL Broadband Private Limited, faces a demand of ₹3,749.12 million related to license fees on pure internet services, which is also considered a contingent liability.

Strategic Developments

During the quarter, the company entered into a Business Transfer Agreement on June 23, 2026, with entities belonging to the ACT Group. The agreement involves the acquisition of their Cable Television Business on a going concern basis through a slump sale for an aggregate consideration of ₹362.30 million. The effective date of the acquisition is July 1, 2026.