GTPL Hathway Limited , a leading Multi-System Operator (MSO) and broadband service provider, has announced its financial results for the second quarter, revealing a mixed performance with revenue growth but a decline in profitability.

Revenue Growth

The company reported a significant increase in consolidated revenue, which rose to ₹9,590.53 crore in Q2, up from ₹8,555.64 crore in the same quarter of the previous year, marking a year-over-year growth of 12.1%.

Profit Decline

Despite the revenue growth, GTPL Hathway experienced a decrease in its consolidated net profit. The company's net profit for Q2 stood at ₹92.00 crore, down from ₹128.00 crore in the same quarter of the previous year, representing a 28.1% decline.

EBITDA and Margin Compression

The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) also saw a slight decrease:

The EBITDA margin compressed by 168 basis points year-over-year, indicating increased operational costs relative to revenue.

Segment Performance

GTPL Hathway's performance varied across its business segments:

1. Cable TV Business: This segment reported revenue of ₹8,026.44 crore.
2. Internet Service: The internet service segment generated revenue of ₹1,401.14 crore.
3. Projects (Including O&M): This segment contributed ₹198.00 crore to the total revenue.

Balance Sheet Highlights

As of the end of the quarter, GTPL Hathway's consolidated balance sheet showed:

• Total Assets: ₹37,979.65 crore
• Total Equity: ₹12,737.48 crore
• Non-Current Liabilities: ₹2,860.91 crore
• Current Liabilities: ₹22,381.26 crore

Regulatory Matters

The company continues to address ongoing regulatory matters, including demands from the Department of Telecommunications (DoT) regarding license fees. GTPL Hathway maintains that it has strong grounds to defend its position in these matters, and no provisions have been made in the financial results related to these demands.

As GTPL Hathway navigates through a competitive telecommunications landscape, investors and stakeholders will be closely watching how the company balances its revenue growth with profitability in the coming quarters.

GTPL Hathway Limited has announced the completion of its acquisition of the remaining 49% equity stake in GTPL Vision Services Private Limited, transforming the subsidiary into a wholly owned entity. The transaction, which took place on August 5, 2025, marks a significant step in GTPL Hathway's corporate strategy.

Acquisition Details

According to the company's filing with the stock exchanges, GTPL Hathway acquired 1,00,000 equity shares of Rs. 10.00 each from the existing shareholders of GTPL Vision Services Private Limited. The acquisition was finalized at approximately 11:00 p.m. on the specified date, as reported in the company's regulatory filing.

Strategic Implications

This move represents the culmination of a process that GTPL Hathway had been pursuing over several months. The company had previously made intimations to the stock exchanges regarding this acquisition on December 31, 2024, March 31, 2025, and June 30, 2025, indicating a planned and strategic approach to fully integrating GTPL Vision Services into its corporate structure.

Regulatory Compliance

The acquisition announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This adherence to regulatory requirements underscores GTPL Hathway's commitment to transparency in its corporate actions.

Management Statement

Shweta Sultania, Company Secretary and Compliance Officer of GTPL Hathway Limited, signed off on the regulatory filing, confirming the completion of the transaction and the subsequent change in GTPL Vision's status to a wholly owned subsidiary.

This strategic move by GTPL Hathway is likely to strengthen its market position and potentially create new opportunities for growth and synergy within its business operations.