GTPL Hathway Reports Q3FY26 Results with Revenue Growth Amid Regulatory Challenges
GTPL Hathway Limited reported Q3FY26 consolidated revenue of ₹9,326.21 crores, up 5.11% year-on-year, with net profit of ₹115.59 crores. Nine-month revenue grew 8.09% to ₹27,953.73 crores, though profit declined to ₹262.79 crores. The company faces regulatory challenges with DoT demanding ₹9,754.15 crores in license fees, which it's contesting legally.
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GTPL Hathway Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2025, showing mixed performance across its business segments. The company's Board of Directors approved the results at their meeting held on January 12, 2026, following review and recommendation by the Audit Committee.
Financial Performance Overview
The company's consolidated financial results demonstrate revenue growth in the third quarter of FY26. Total income reached ₹9,381.63 crores compared to ₹8,956.80 crores in the same quarter of the previous year.
| Financial Metric | Q3 FY26 | Q3 FY25 | Change (%) |
|---|---|---|---|
| Revenue from Operations | ₹9,326.21 cr | ₹8,872.70 cr | +5.11% |
| Total Income | ₹9,381.63 cr | ₹8,956.80 cr | +4.74% |
| Net Profit After Tax | ₹115.59 cr | ₹96.31 cr | +20.01% |
| Earnings Per Share | ₹0.98 | ₹0.90 | +8.89% |
Nine-Month Performance
For the nine months ended December 31, 2025, the company showed strong performance with consolidated revenue from operations of ₹27,953.73 crores compared to ₹25,862.08 crores in the corresponding period of the previous year.
| Nine-Month Metrics | FY26 (9M) | FY25 (9M) | Change (%) |
|---|---|---|---|
| Revenue from Operations | ₹27,953.73 cr | ₹25,862.08 cr | +8.09% |
| Net Profit After Tax | ₹262.79 cr | ₹383.62 cr | -31.49% |
| Earnings Per Share | ₹2.74 | ₹3.31 | -17.22% |
Segment-wise Performance
The company operates across three main business segments, with Cable TV Business forming the largest revenue contributor:
Q3 FY26 Segment Revenue:
- Cable TV Business: ₹7,745.51 crores
- Internet Service: ₹1,441.25 crores
- Projects (Including O&M): ₹183.37 crores
Segment Results (PBT):
- Internet Service showed strong profitability with ₹141.39 crores
- Projects segment contributed ₹40.98 crores
- Cable TV Business reported negative result of ₹29.96 crores
Regulatory Challenges
The company faces significant regulatory challenges with the Department of Telecommunications (DoT) demanding license fees totaling ₹9,754.15 crores. This includes a principal amount of ₹2,286.50 crores and related interest, penalty, and interest on penalty of ₹7,467.65 crores towards license fee by including revenue from cable television business.
Additionally, GTPL Broadband Private Limited, a subsidiary, faces demands aggregating to ₹3,568.71 crores related to license fees on pure internet services. The company maintains that these demands are being contested through various legal proceedings and has not made provisions, treating them as contingent liabilities.
Standalone Results
On a standalone basis, GTPL Hathway reported revenue from operations of ₹6,100.30 crores for Q3FY26 compared to ₹5,561.62 crores in Q3FY25. Net profit after tax on standalone basis was ₹9.06 crores for the quarter.
| Standalone Metrics | Q3 FY26 | Q3 FY25 | Nine Months FY26 |
|---|---|---|---|
| Revenue from Operations | ₹6,100.30 cr | ₹5,561.62 cr | ₹18,405.15 cr |
| Profit Before Tax | ₹12.24 cr | ₹142.43 cr | ₹162.83 cr |
| Net Profit After Tax | ₹9.06 cr | ₹106.63 cr | ₹117.80 cr |
The company's paid-up equity share capital remains at ₹1,124.63 crores with a face value of ₹10 per share. The results were subject to limited review by statutory auditors Deloitte Haskins & Sells.
Historical Stock Returns for GTPL Hathway
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.48% | -2.71% | -2.38% | -20.83% | -34.07% | -39.68% |
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