GTPL Hathway Q1FY27 revenue rises 12% YoY to ₹10,199 million
GTPL Hathway Limited reported a consolidated net profit of ₹23 million for Q1FY27, with total revenue increasing 12% year-on-year to ₹10,199 million. EBITDA rose 20% quarter-on-quarter to ₹1,092 million, driven by growth in Digital TV and Broadband segments. The company also announced the acquisition of ACT Group's Digital TV businesses for ₹362.30 million to expand its subscriber base.
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GTPL Hathway Limited reported a consolidated net profit of ₹23 million for the first quarter ended June 30, 2026 (Q1FY27), a significant decrease from ₹105 million in the corresponding quarter of the previous year. Total income for the quarter rose to ₹10,199 million, compared to ₹9,091 million in Q1FY26. The company's EBITDA stood at ₹1,092 million, with an EBITDA margin of 10.7%, an improvement from the 9.7% recorded in the preceding quarter ended March 31, 2026. The financial performance reflects growth in subscription income across its Cable TV and broadband segments.
On a standalone basis, the company reported a net profit of ₹19 million in Q1FY27, reversing the net loss of ₹59 million recorded in the quarter ended March 31, 2026. Total standalone income increased to ₹6,932 million from ₹6,185 million in the previous quarter. The board reviewed the unaudited financial results, which highlight a recovery in standalone profitability driven by operational efficiencies and cost management.
Financial Performance
The consolidated profit and loss statement indicates that subscription income from the Cable TV segment reached ₹2,913 million, while broadband ISP income stood at ₹1,425 million. Total expenditure for the quarter was ₹9,107 million, up from ₹8,434 million in Q4FY26. Finance costs decreased to ₹35 million, and depreciation and amortisation expenses were recorded at ₹967 million. Profit before tax (PBT) for the quarter was ₹29 million, compared to a loss before tax of ₹204 million in the previous quarter.
The table below summarises the consolidated financial performance for Q1FY27:
| Metric: | Q1FY27 (Consolidated) | Q4FY26 (Consolidated) | Q1FY26 (Consolidated) |
|---|---|---|---|
| Total Income: | ₹10,199 million | ₹9,344 million | ₹9,091 million |
| Total Expenditure: | ₹9,107 million | ₹8,434 million | ₹7,968 million |
| EBITDA: | ₹1,092 million | ₹910 million | ₹1,123 million |
| EBITDA Margin: | 10.7% | 9.7% | 12.4% |
| Net Profit: | ₹23 million | (₹153 million) | ₹105 million |
Segment Performance
The Digital TV business maintained its subscriber base with 9.60 million active subscribers, consistent with the previous quarter. The broadband business reported over 1.06 million wireline broadband subscribers. The company continues to focus on expanding its footprint in rural Gujarat and other states like Andhra Pradesh, Telangana, and Maharashtra to drive future growth. The average revenue per user (ARPU) for the broadband segment remained stable at ₹470 per month per subscriber, supported by initiatives such as B2B models and government digital initiatives.
Strategic Developments
During the quarter, GTPL Hathway launched GTPL Infinity, a Headend-in-the-Sky (HITS) platform, on November 30, 2025. The platform is backed by a C-Band teleport setup in Ahmedabad and uses transponders on the Satellite Telkom-4 to deliver approximately 800 channels, including around 100 HD channels. This initiative aims to enhance digital broadcasting infrastructure and content delivery across India with minimal setup requirements for local cable operators.
Additionally, the company is pursuing growth through the acquisition of the Cable Television Business from entities belonging to the ACT Group. The acquisition, structured as a slump sale for an aggregate consideration of ₹362.30 million, is effective from July 1, 2026. This strategic move is expected to strengthen GTPL Hathway's market position and expand its digital TV subscriber base.
Historical Stock Returns for GTPL Hathway
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.06% | +9.09% | +0.15% | -24.35% | -42.85% | -68.10% |
How will the acquisition of the ACT Group's Cable Television business impact GTPL Hathway's market share and subscriber base in the upcoming quarters?
What are the projected revenue contributions and synergies expected from the newly launched GTPL Infinity HITS platform over the next fiscal year?
Can the company sustain the improvement in EBITDA margins given the significant rise in total expenditure compared to the previous year?
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