GTPL Hathway Limited reported a consolidated net profit of ₹23 million for the first quarter ended June 30, 2026 (Q1FY27), a 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:

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 average revenue per user (ARPU) for the broadband segment remained stable at ₹470 per month per subscriber. Management has guided that broadband ARPU is expected to remain stable around INR470 going forward. The company plans to increase its broadband extraction rate from 16-17% to 19-20% on existing homepass, and aims for a 20-21% commercial extraction rate from its 5.95 million homepass. A new CEO has been appointed to aggressively expand homepass and infrastructure across India and Gujarat.

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. Management expects full benefits from the HITS platform by the end of Q3 and start of Q4 FY27, with the platform contributing 40-50% of benefits this year and 100% in the next financial year.

The company is also 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. Management expects the acquisition to be completed by September 15, 2026, adding approximately 6 lakh digital TV subscribers and enhancing revenues and EBITDA. The deal is expected to establish market leadership in Andhra Pradesh and Telangana, enabling better operating margins. The company also continues to focus on expanding its footprint in rural Gujarat and new markets including Kerala and Jammu & Kashmir, where management expects good outcomes with a 6-12 month gestation period for the cable business to turn positive. Addressable TV households are estimated at 6.5-7 million in Kerala and 4.5-5 million in J&K.

Capital Expenditure & Margin Outlook

Management has outlined its capital allocation strategy and margin trajectory as part of its concall guidance. The planned CapEx for FY27 is approximately INR400 crores, split equally between broadband and digital segments. Management also anticipates the operational margin of 22% will increase to 25%, which is expected to boost EBITDA and PAT.

The table below summarises key guidance parameters shared by management:

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