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GTPL Hathway Q3 FY26 Net Profit Rises 9% YoY to ₹111 Million; Launches GTPL Infinity Platform
GTPL Hathway reported a 5% YoY increase in consolidated revenue to ₹9,382 million for Q3 FY26, with net profit growing 9% YoY to ₹111 million. The company's broadband segment showed steady growth, reaching 1.06 million subscribers with an ARPU of ₹465 and a 12% increase in data consumption. A major strategic highlight is the launch of 'GTPL Infinity,' a Headend-In-The-Sky (HITS) platform designed to reach underserved rural markets with lower delivery costs. Management expects this platform to drive future subscriber growth after a temporary slowdown in cable TV acquisitions during the quarter.
Key Highlights
Consolidated revenue grew 5% YoY to ₹9,382 million; Net profit increased 19% sequentially to ₹111 million.
Broadband subscriber base reached 1.06 million with 18,000 additions and a stable ARPU of ₹465.
Digital Cable TV active subscriber base stood at 9.40 million, supported by over 48,000 business partners.
Average broadband data consumption rose 12% YoY to 410 GB per month.
Launched 'GTPL Infinity' HITS platform with capacity for 800 channels to target 350 million Indian households.
💼 Action for Investors
Investors should monitor the scalability of the new GTPL Infinity platform and its impact on rural subscriber acquisition costs. The steady growth in the broadband segment provides a defensive cushion against the competitive cable TV landscape.
GTPL Hathway Q3 FY26 Update: Launches HITS Platform for Pan-India Expansion
GTPL Hathway has officially launched 'GTPL Infinity,' its Headend-in-the-Sky (HITS) platform, to enable nationwide digital broadcasting and reduce infrastructure costs. The company maintains its position as India's No. 1 MSO, connecting over 12 million households across 1,500+ towns in 26 states. Financial stability remains a core strength, with the company reporting positive PAT and free cash flow for the last eight consecutive years. The broadband segment has scaled to over 1 million subscribers, reflecting a 4.4x growth over the past eight years.
Key Highlights
Launched GTPL Infinity (HITS) on Nov 29, 2025, allowing for rapid 24-hour partner deployment and Pan-India reach.
Broadband subscriber base surpassed 1 million, supported by a vast 1,16,000+ KM optical fiber network.
Maintains an 18% Revenue CAGR and 9% EBITDA CAGR over the last eight years with consistent dividend payouts.
Distributes 975+ TV channels, including 97+ HD channels, through a centralized Mother Headend in Ahmedabad.
Strategic focus on converting 12 million existing cable households into broadband customers to drive future growth.
💼 Action for Investors
Investors should focus on the company's ability to improve margins through the HITS platform's lower delivery costs and its success in cross-selling broadband to its massive 12 million cable subscriber base. The stock remains a strong candidate for those looking for a market leader in the consolidating digital distribution space.
GTPL Hathway Q3 FY26 Results: PAT Grows 9% Y-o-Y to ₹111 Mn; Revenue Up 5%
GTPL Hathway reported a 5% Y-o-Y increase in total revenue to ₹9,382 million for Q3 FY26. Profit After Tax (PAT) grew by 8.8% Y-o-Y to reach ₹111 million, while Profit Before Tax (PBT) saw a notable 14% increase. The company maintained a stable subscriber base with 9.40 million Digital Cable TV users and 1.06 million broadband subscribers. Operating EBITDA margins improved to 23.9% from 22% in the previous year, reflecting enhanced operational efficiency.
Key Highlights
Total Revenue grew 5% Y-o-Y to ₹9,382 Mn; PAT increased to ₹111 Mn from ₹102 Mn
Broadband segment revenue rose 4% Y-o-Y to ₹1,433 Mn with a steady ARPU of ₹465
Operating EBITDA margin improved significantly to 23.9% compared to 22% in Q3 FY25
Average data consumption per broadband user increased by 12% Y-o-Y to 410 GB per month
Digital Cable TV active subscribers stood at 9.40 Mn with 8.70 Mn paying subscribers
💼 Action for Investors
Investors should monitor the company's ability to transition cable users to broadband and the scaling of the new GTPL Infinity HITS platform. The steady margin improvement and growth in data consumption suggest operational resilience in a competitive market.
GTPL Hathway Q3 Standalone Net Profit Drops 91% YoY to ₹9.06 Million; Revenue Up 9.7% YoY
GTPL Hathway reported a sharp decline in standalone net profit for Q3 FY26, falling to ₹9.06 million from ₹106.63 million in the same quarter last year. While revenue from operations grew by 9.7% YoY to ₹6,100.30 million, a significant rise in operating expenses and finance costs severely impacted the bottom line. On a sequential basis, revenue dipped by 4% and profit saw a steep decline from ₹52.49 million in Q2 FY26. The company also continues to contest a massive ₹9,754.15 million demand from the DoT regarding license fees, currently treated as a contingent liability.
Key Highlights
Standalone Revenue from Operations increased 9.7% YoY to ₹6,100.30 million.
Standalone Net Profit plummeted 91.5% YoY to ₹9.06 million from ₹106.63 million.
Operating expenses rose 14.7% YoY to ₹4,721.40 million, significantly impacting margins.
Finance costs increased to ₹90.99 million compared to ₹65.56 million in the previous year's quarter.
Contingent liability of ₹9,754.15 million remains a major risk factor due to ongoing DoT litigation regarding AGR dues.
💼 Action for Investors
Investors should exercise caution as the company is facing severe margin pressure despite revenue growth. The outcome of the ₹975 crore legal dispute with the DoT remains a critical monitorable that could significantly impact the company's financial health.
GTPL Hathway Receives GST Penalty and Tax Demand of Over Rs 27.12 Crore
GTPL Hathway Limited has been served an order by the CGST and Central Excise authority, Ahmedabad North, levying a penalty of Rs 13.56 crore. The order also demands the recovery of a differential tax amount of Rs 13.56 crore along with applicable interest, totaling a demand of over Rs 27.12 crore. The dispute pertains to the alleged excess availment of input tax credit (ITC) under the CGST and GGST Acts. The company has clarified that it intends to file an appeal against this order and that there is no impact on its current business operations.
Key Highlights
Penalty of Rs 13.56 crore imposed under Section 74 of the CGST Act, 2017
Demand for recovery of differential tax amounting to Rs 13.56 crore plus interest
Total financial impact estimated at over Rs 27.12 crore excluding interest charges
Allegation involves the excess availment of input tax credit by the company
GTPL Hathway intends to contest the order through an official appeal process
💼 Action for Investors
Investors should monitor the outcome of the appeal as the total demand represents a significant one-time financial liability. While operations remain unaffected, the potential cash outflow could impact short-term profitability if the appeal is unsuccessful.