GTPL Hathway Shares Jump 13% After Net Profit Surges 57% QoQ in Q3FY26

GTPL Hathway shares surged 13% in Tuesday's trading session following the release of strong Q3FY26 financial results. The digital cable television and high-speed broadband service provider's stock reached a high of ₹108.90 compared to its previous close of ₹96.50, reflecting investor confidence in the company's performance.

Financial Performance Highlights

The company delivered mixed but overall positive results for Q3FY26, with significant improvement in profitability metrics:

Financial Metric	Q3FY26	Q2FY26	Q3FY25	QoQ Change	YoY Change
Revenue from Operations	₹933.00 cr	₹959.00 cr	₹887.00 cr	-2.7%	+5.0%
Net Profit	₹11.60 cr	₹7.40 cr	₹9.63 cr	+57.0%	+20.0%
Earnings Per Share	₹0.98	-	₹0.90	-	+8.9%

The standout performance came from the bottom line, where net profit jumped 57% quarter-on-quarter from ₹7.40 crores in Q2FY26 to ₹11.60 crores in Q3FY26. Year-on-year comparison also showed healthy growth with net profit increasing 20% from ₹9.63 crores in Q3FY25.

Operational Metrics and Business Expansion

GTLP Hathway's operational performance demonstrated strong subscriber engagement and strategic expansion initiatives:

Business Segment	Key Metrics
Cable TV Active Subscribers	9.4 million
Cable TV Paying Customers	8.7 million
Broadband ARPU	₹465.00
Homepass Network	5.95 million
FTTX Ready Network	75% of homepass
Monthly Data Consumption	410 GB per customer

The company launched GTPL Infinity, a pan-India HITS-based content delivery platform designed for large-scale distribution. Geographic expansion continues across Andhra Pradesh, Telangana, Tamil Nadu, the Northeast, Haryana, Uttarakhand, and Chhattisgarh.

Financial Health and Market Position

With a market capitalization of ₹1,120.69 crores, GTPL Hathway maintains a conservative financial structure. The company exhibits strong financial health indicators including a low debt-to-equity ratio of 0.33, indicating minimal reliance on debt financing. The stock trades at 0.94 times book value, suggesting potential undervaluation relative to net assets.

The company maintains a balanced capital allocation approach with a dividend payout ratio of 42.80%, reflecting commitment to both shareholder returns and reinvestment for future growth. In the broadband segment, the subscriber base grew by 18,000 year-on-year, with average data consumption per customer increasing 12% to 410 GB per month during Q3FY26.

Market Leadership and Industry Position

GTLP Hathway operates as India's largest Multi-System Operator (MSO) providing digital cable TV services and ranks among the leading private wireline broadband service providers in the country. The company holds dominant market positions as the largest digital cable TV and wireline broadband service provider in Gujarat and maintains leading digital cable TV service provider status in West Bengal.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.86%	-4.61%	-5.22%	-18.16%	-22.48%	-37.41%

GTPL Hathway shares surged over 12% in early trading following the release of strong third-quarter results for FY26. The stock rallied as much as 12.8% to ₹108.90 on the BSE, reflecting positive investor sentiment toward the company's financial performance and operational improvements.

Financial Performance Highlights

The company delivered solid growth across key financial metrics during the December quarter. GTPL Hathway reported consolidated net profit growth of 8.9% year-on-year, while revenue from operations expanded by 5.1% compared to the same period last year.

Financial Metric	Q3FY26	Q3FY25	Growth (%)
Net Profit	₹11.00 cr	₹10.10 cr	+8.9%
Revenue from Operations	₹932.60 cr	₹887.20 cr	+5.1%
EBITDA	₹113.30 cr	₹105.70 cr	+7.2%
EBITDA Margin	12.1%	11.9%	+20 bps

The improvement in EBITDA margin to 12.1% from 11.9% in the year-ago period demonstrates enhanced operational efficiency and cost management.

Cable TV Business Performance

GTLP Hathway's cable TV segment maintained a robust subscriber base with 9.40 million active subscribers and 8.70 million paying subscribers as of December 31, 2025. The subscription revenue from Cable TV operations stood at ₹297.00 crore for Q3FY26.

The company launched GTPL Infinity to enable pan-India, HITS-based content delivery at scale, supporting its expansion strategy. GTPL Hathway is actively expanding its presence across multiple states including Andhra Pradesh, Telangana, Tamil Nadu, the Northeast, Haryana, Uttarakhand, and Chhattisgarh.

Broadband Segment Growth

The broadband business showed encouraging growth momentum with subscriber base increasing by 18,000 year-on-year. Revenue from broadband operations grew 4% to ₹143.00 crore for Q3FY26.

Broadband Metrics	Q3FY26 Performance
Revenue Growth	+4% YoY to ₹143 cr
ARPU	₹465 per month
Homepass Network Reach	5.95 million
FTTX Conversion Ready	75% of homepass network
Average Data Consumption	410 GB per month (+12% YoY)

The average data consumption per customer increased by 12% year-on-year to 410 GB per month, indicating higher engagement and usage among subscribers.

Share Price Performance

Despite the strong quarterly results driving Tuesday's rally, GTPL Hathway shares have faced headwinds over longer time periods. The stock gained 5% over one month but declined 10% in six months. Over the past year, shares have fallen 15%, while the five-year performance shows a decline of 33%. At 10:00 AM on Tuesday, GTPL Hathway shares were trading 3.11% higher at ₹99.50 on the BSE.