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Latest filing: 2026-07-21 17:15
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Note: These are AI-generated, educational summaries of public NSE
filings — grounded in each document, but not investment advice and possibly incomplete.
Verify against the original filing and consult a SEBI-registered adviser before acting.
18 announcements match the current filters (relevance ≥ 5).
₹36.23 Cr Acquisition of ACT Digital TV Business to Add 6 Lakh Subscribers
GTPL Hathway reported a 12% YoY revenue growth to ₹1,020 cr for Q1 FY27, although net profit remained low at ₹2.3 cr. The company announced a ₹36.23 cr cash acquisition of ACT Group's digital TV business, which is expected to add 6 lakh subscribers across South and East India by September 15, 2026. Management is focusing on inorganic growth to achieve market leadership in Andhra Pradesh and Telangana while expanding into new states like Kerala and Jammu & Kashmir. Broadband ARPU saw a marginal increase to ₹470, supported by higher data consumption of 436 GB per user.
Confidence: HIGH
What changedGTPL has moved from purely organic expansion to a significant inorganic acquisition in the Southern market and appointed a dedicated Broadband CEO to drive B2B/B2C growth.
Why it mattersThe acquisition provides market leadership in AP and Telangana, creating synergy benefits for revenue consolidation and cost optimization against rising content costs from broadcasters.
ACT Acquisition Value: ₹36.23 crAcquisition vs Net Worth: ~4.1%Q1 FY27 Revenue: ₹1,020 crBroadband ARPU: ₹470Subscriber Addition (ACT): 6 lakh
📅 Short termThe stock may see positive sentiment from the expansion into new geographies (Kerala, J&K) and the clear timeline for the ACT acquisition closure.
📈 Long termThe 'GTPL Infinity' HITS platform strategy aims to capture the rural market (140-150m households without TV) where traditional cable is not financially feasible, potentially driving long-term volume growth.
⚠ Risk flags
- Very thin net profit margins (0.2% in Q1 FY27)
- High competition from OTT and DTH impacting core CATV pricing power
- Integration risk of 6 lakh subscribers across multiple states
Key Highlights
Acquisition of 7 ACT Group companies for an aggregate cash consideration of ₹36.23 cr
Expected addition of 6 lakh Digital TV subscribers, strengthening presence in AP, Telangana, Odisha, and Karnataka
Consolidated total income grew 12% YoY to ₹1,020 cr in Q1 FY27
Broadband ARPU increased by ₹5 YoY to ₹470, with data consumption up 6% to 436 GB
Digital TV subscriber base reached 9.60 million with 8.9 million paying subscribers
👀 What to Watch
Watch for the successful integration of the ACT subscriber base by the September 15, 2026 deadline and monitor if the new Broadband CEO can improve the 17% extraction rate from existing home passes.
CFO Saurav Banerjee to retire on September 30, 2026, due to superannuation
GTPL Hathway has announced that its Chief Financial Officer, Mr. Saurav Banerjee, will retire effective September 30, 2026. This is a planned transition due to the executive reaching the age of superannuation. The company has approximately 2.5 months to appoint a successor. This change comes at a time when the company is navigating financial pressure, having reported a net loss of ₹13.93 Cr in the March 2026 quarter despite a large TTM revenue base of ₹3,719 Cr.
Confidence: HIGH
What changedThe Chief Financial Officer is stepping down due to retirement (superannuation), necessitating a search for a new Key Managerial Personnel (KMP).
Why it mattersThe CFO is critical for managing the company's ₹434 Cr debt and improving its low 4.0% ROCE, especially as the core cable business faces pricing pressure.
Effective Retirement Date: September 30, 2026TTM Revenue: ₹3,719 CrTotal Debt: ₹434 CrLatest Quarterly Net Profit (Mar 2026): ₹-13.926 CrMarket Cap: ₹562 Cr
📅 Short termThe stock is likely to remain neutral in the short term as the retirement is a routine administrative event with a clear timeline.
📈 Long termThe long-term impact depends on the successor's ability to reverse the trend of declining margins and manage the transition to the 'GTPL Infinity' HITS platform.
⚠ Risk flags
- Succession risk during a period of financial losses
- Low operating margins (10.9%)
- High debt-to-equity ratio of 0.49 relative to low PAT
Key Highlights
CFO Saurav Banerjee to demit office at the close of business hours on September 30, 2026
Transition period of 77 days provided between the announcement and the effective retirement date
Company reported a TTM revenue of ₹3,719 Cr and a recent quarterly loss of ₹13.93 Cr in Mar 2026
The company maintains a high promoter holding of 75.0% as of the latest filings
👀 What to Watch
Monitor the company's announcement regarding a successor to the CFO role and evaluate the new appointee's experience in managing low-margin media businesses.
₹1,019 Cr Revenue: GTPL Q1 FY27 Revenue Up 12% YoY; Acquires ACT Group Assets for ₹36.23 Cr
GTPL Hathway reported a 12% YoY revenue growth in Q1 FY27, crossing the ₹1,000 Cr quarterly milestone for the first time. The company returned to a slim Profit After Tax (PAT) of ₹2.3 Cr, recovering from a ₹15.3 Cr loss in the preceding quarter, though PAT is down 78% compared to Q1 FY26. A strategic acquisition of seven ACT Group Digital TV businesses for ₹36.23 Cr was announced, expected to add approximately 6 lakh subscribers by September 2026. Broadband metrics remained stable with ARPU increasing slightly to ₹470.
Confidence: HIGH
What changedGTPL has crossed the ₹1,000 Cr quarterly revenue threshold and initiated a regional expansion through the acquisition of ACT Group's Digital TV assets.
Why it mattersThe acquisition strengthens GTPL's footprint in South and East India, while the return to profitability (albeit small) after a loss-making Q4 FY26 provides some stability to the earnings profile.
Q1 FY27 Revenue: ₹1,019.9 CrAcquisition Cost: ₹36.23 CrAcquisition vs Market Cap: ~6.4%Broadband ARPU: ₹470Digital TV Active Subscribers: 9.60 MnQ1 FY27 PAT: ₹2.3 Cr
📅 Short termThe revenue milestone and M&A announcement are likely to be viewed positively by the market, though the very low net profit margin may cap significant upside.
📈 Long termThe company is focusing on consolidation in the MSO space and expanding its broadband footprint; long-term value depends on margin expansion and cross-selling to the expanded subscriber base.
⚠ Risk flags
- Extremely thin PAT margins (0.2% of revenue)
- Integration risk of ACT Group assets
- Competitive pressure in core CATV segment
Key Highlights
Total Revenue crossed ₹1,019.9 Cr, representing a 12% YoY growth from ₹909.1 Cr.
Acquisition of 7 ACT Group Digital TV businesses for ₹36.23 Cr, adding ~6 lakh subscribers.
Broadband ARPU improved by ₹5 YoY to ₹470 per month.
Digital TV active subscribers reached 9.60 million, with paying subscribers at 8.90 million.
Operating EBITDA margin stood at 22%, while overall EBITDA margin was 10.7%.
👀 What to Watch
Monitor the successful integration of the ACT Group acquisition by the September 15, 2026 deadline and track if the 'GTPL Infinity' HITS platform can improve the currently thin PAT margins.
GTPL to Acquire ACT Digital TV Business for ₹36.23 Cr; Q1 Standalone Revenue Up 16%
GTPL Hathway reported its Q1 FY27 results with standalone revenue growing 16% YoY to ₹693.2 Cr, though standalone PAT declined to ₹1.9 Cr from ₹5.6 Cr in the previous year. The company announced a ₹36.23 Cr all-cash acquisition of ACT Group's Digital TV business in four southern and eastern states, adding 6 lakh subscribers. This acquisition represents approximately 6.4% of GTPL's current market capitalization. The company is also scaling its 'GTPL Infinity' HITS platform to expand into rural markets and has recently entered Kerala and Jammu & Kashmir.
Confidence: HIGH
What changedGTPL has moved to consolidate regional markets through the acquisition of ACT's Digital TV assets and is leveraging its new HITS (Headend-In-The-Sky) license for pan-India expansion.
Why it mattersThe acquisition strengthens GTPL's footprint in Andhra Pradesh and Telangana, while the HITS platform allows for lower-capex entry into rural 'cable-dark' areas, addressing the company's thin net profit margins.
Acquisition Value: ₹36.23 CrAcquisition vs Market Cap: ~6.4%Standalone Revenue (Q1 FY27): ₹693.2 CrStandalone PAT (Q1 FY27): ₹1.9 CrDigital TV Subscribers: 9.60 million
📅 Short termThe market may react positively to the subscriber growth and acquisition news, but the sharp decline in standalone PAT and low overall margins remain a drag.
📈 Long termThe shift toward a HITS-based delivery model and inorganic consolidation could improve operational leverage and market share over the next 2-3 years.
⚠ Risk flags
- Extremely thin net profit margins (0.3% standalone in Q1 FY27)
- Integration risk of the ACT Group acquisition
- Competitive pressure from OTT and DTH players
Key Highlights
Acquisition of ACT Group's Digital TV business for ₹36.23 Cr all-cash consideration
Addition of 6 lakh Digital TV subscribers through the ACT Group acquisition
Standalone Revenue increased 16% YoY to ₹693.2 Cr in Q1 FY27
Standalone PAT fell to ₹1.9 Cr in Q1 FY27 compared to ₹5.6 Cr in Q1 FY26
Digital TV subscriber base reached 9.60 million with broadband subscribers at 1.0 million
👀 What to Watch
Investors should monitor the successful integration of the ACT Group acquisition by the September 15, 2026 deadline and observe if the HITS platform improves margins by reducing rural infrastructure costs.
GTPL Q1 Revenue Crosses ₹1,015 Cr; Announces ₹36.23 Cr Acquisition of ACT Group Cable Assets
GTPL Hathway reported a 12.4% YoY increase in consolidated revenue to ₹1,015.41 Cr for Q1 FY27. The company returned to a marginal Profit Before Tax (PBT) of ₹2.88 Cr, recovering from a loss of ₹20.43 Cr in the previous quarter, though significantly lower than the ₹12.22 Cr profit in the same quarter last year. A key strategic move is the acquisition of ACT Group's Cable TV business for ₹36.23 Cr, effective July 1, 2026. However, the company continues to face a massive contingent liability of ₹975.42 Cr related to DoT license fee demands, which is nearly 1.7x its current market capitalization.
Confidence: HIGH
What changedGTPL has returned to profitability on a quarterly basis and initiated a slump sale acquisition to consolidate its cable TV market share.
Why it mattersWhile revenue is growing, the core cable business is struggling with profitability, and the massive DoT legal claim creates a significant overhang on the company's valuation relative to its ₹562 Cr market cap.
Consolidated Revenue (Q1 FY27): ₹10,154.07 millionAcquisition Value (ACT Group): ₹362.30 millionDoT License Fee Demand: ₹9,754.15 millionAcquisition vs Market Cap: ~6.4%Consolidated PBT: ₹28.83 million
📅 Short termThe return to profit and acquisition news may provide some support, but the sharp decline in YoY profitability and the large legal contingency will likely keep the stock under pressure.
📈 Long termThe company is successfully consolidating smaller players, but structural profitability in the cable segment and the resolution of the AGR-related legal dispute are critical for long-term value creation.
⚠ Risk flags
- Massive contingent liability (₹975.42 Cr) vs Market Cap (₹562 Cr)
- Declining margins in the Internet Service segment
- Operating loss in the core Cable TV segment
Key Highlights
Consolidated revenue from operations grew to ₹10,154.07 million (₹1,015.41 Cr) from ₹9,036.99 million YoY.
Signed a Business Transfer Agreement to acquire ACT Group's Cable TV business for ₹362.30 million (₹36.23 Cr).
Contingent liability for DoT license fee demands stands at ₹9,754.15 million (₹975.42 Cr), including interest and penalties.
Cable TV segment reported a loss of ₹47.48 million at the result level despite revenue growth.
Internet Service segment profit dropped sharply to ₹35.22 million from ₹116.02 million in the year-ago quarter.
👀 What to Watch
Investors should monitor the integration of the ACT Group assets and the margin recovery in the Internet Service segment. The primary risk remains the legal outcome of the ₹975.42 Cr DoT demand, which could severely impact the balance sheet if ruled against the company.
GTPL Hathway to Acquire ACT Group's Cable TV Business for Rs 36.23 Crore
GTPL Hathway has signed a Business Transfer Agreement to acquire the cable television business of seven ACT Group companies for an aggregate cash consideration of Rs 36.23 crore. The acquisition, executed via slump sale, will add approximately 6.00 lakh subscribers to GTPL's network across Andhra Pradesh, Telangana, Orissa, and Karnataka. The target entities reported a combined turnover of approximately Rs 164.29 crore for FY 2025-26, indicating a strategic expansion into South and East Indian markets. The transaction is expected to be completed by September 15, 2026.
Key Highlights
Acquisition of cable TV business from 7 ACT Group entities for a total cash consideration of Rs 36.23 crore.
Significant expansion of subscriber base by approximately 6.00 lakh users.
Geographic footprint expansion across four key states: Andhra Pradesh, Telangana, Orissa, and Karnataka.
Target companies had a combined turnover of Rs 1,642.89 million (approx. Rs 164.3 crore) in FY 2025-26.
The deal is structured as a slump sale on a going concern basis with an expected completion date of September 15, 2026.
👀 What to Watch
Investors should view this as a positive growth move, as the acquisition cost per subscriber appears highly attractive at approximately Rs 604. Monitor the successful integration of these subscribers and the subsequent impact on consolidated EBITDA margins.
GTPL Hathway Q4 FY26: Revenue Up 4% to ₹9,344 Mn; 20% Dividend Recommended Despite Quarterly Loss
GTPL Hathway reported a 4% Y-o-Y increase in Q4 FY26 consolidated revenue to ₹9,344 million, though it recorded a negative profit after tax for the quarter due to one-time accounting adjustments and forex losses. The company's cable TV subscriber base remained stable at 9.40 million, while broadband subscribers reached 1.06 million with an ARPU of ₹465. Despite the quarterly loss, the board recommended a 20% dividend (₹2 per share), continuing its nine-year payout streak. Management is pivoting towards its new 'GTPL Infinity' HITS platform to drive future cost efficiencies and industry consolidation.
Key Highlights
Full-year FY26 consolidated revenue grew 7% annually to ₹37,466 million, with broadband revenue rising 2% to ₹5,580 million.
Q4 PAT was negatively impacted by a ₹9 crore forex loss and ₹7.5 crore in one-time impairment provisions and conservative accounting adjustments.
Broadband ARPU stood at ₹465 for Q4 FY26, with average data consumption increasing 10% Y-o-Y to 436 GB per month.
Maintained a healthy balance sheet with a low debt-to-equity ratio of 0.18x and reported positive free cash flow for the full financial year.
Digital cable TV paying subscribers stood at 8.70 million out of a total base of 9.40 million as of March 31, 2026.
👀 What to Watch
Investors should monitor if the transition to the HITS (Headend-In-The-Sky) platform successfully improves margins and subscriber growth in FY27. While the dividend remains a positive for yield-seekers, the stagnant subscriber growth in a competitive OTT-heavy landscape requires a cautious outlook.
GTPL Hathway FY26 Revenue Up 7% to ₹37,466 Mn; Recommends ₹2 Dividend
GTPL Hathway reported a 7% annual revenue growth for FY26, reaching ₹37,466 million, driven by steady performance in both Cable TV and Broadband segments. While Q4 revenue grew 4% YoY to ₹9,344 million, EBITDA margins saw a contraction, with the Q4 margin at 9.7% compared to 12.7% in the previous year. The company maintained a strong subscriber base of 9.40 million in Digital Cable TV and 1.06 million in Broadband. Additionally, the Board recommended a dividend of ₹2 per share, reflecting a 20% payout on face value.
Key Highlights
FY26 Total Revenue grew 7% YoY to ₹37,466 Mn, while Broadband revenue rose 2% to ₹5,580 Mn.
Full-year EBITDA stood at ₹4,321 Mn with an operating margin of 22% and a consolidated margin of 11.5%.
Digital Cable TV active subscribers reached 9.40 Mn, with paying subscribers at 8.70 Mn.
Broadband ARPU stood at ₹465 per month with average data consumption increasing 10% YoY to 436 GB.
Board recommended a dividend of ₹2 per share (20% of face value) for the financial year 2025-26.
👀 What to Watch
Investors should monitor the impact of the newly launched 'GTPL Infinity' HITS platform on operating costs and nationwide subscriber acquisition. While revenue growth remains steady, the year-on-year decline in Q4 EBITDA margins warrants a cautious approach toward operational efficiency.
GTPL Hathway FY26 Revenue Grows 7% to ₹37,466 Mn; Launches HITS Platform for Pan-India Expansion
GTPL Hathway reported a steady performance for FY26 with total consolidated income rising 7% year-on-year to ₹37,466 million. The company maintained its position as India's #1 MSO with 9.40 million active digital cable TV subscribers and reached a milestone of 1.06 million broadband subscribers. A key strategic highlight is the launch of 'GTPL Infinity,' a Headend-in-the-Sky (HITS) platform designed to reduce delivery costs and enable rapid expansion into rural and underserved markets. The company declared a 20% dividend for the fiscal year, continuing its 8-year track record of consistent payouts.
Key Highlights
Total Consolidated Income for FY26 increased 7% YoY to ₹37,466 million, while ISP revenue grew 2% to ₹5,580 million.
Broadband subscriber base grew to 1.06 million with a stable ARPU of ₹465 and average data consumption of 436 GB per month.
Digital Cable TV active STBs stood at 9.40 million with 8.70 million paying subscribers as of March 31, 2026.
Launched 'GTPL Infinity' HITS platform in Q3 FY26, utilizing C-Band transponders to provide Pan-India coverage with minimal setup time.
The Board has recommended a 20% dividend for FY26, maintaining a positive PAT for the 8th consecutive year.
👀 What to Watch
Investors should focus on the execution of the HITS platform, which could significantly improve margins by lowering infrastructure costs in the long term. While revenue growth is steady, monitoring the impact of rising pay channel costs on EBITDA margins is essential.
GTPL Hathway Recommends ₹2 Dividend and Reports FY26 Results; Re-appoints Director
GTPL Hathway has recommended a dividend of ₹2.00 per equity share for the financial year ended March 31, 2026. The company also announced the re-appointment of Mr. Rajendra Dwarkadas Hingwala as an Independent Director for a second three-year term. While the auditors issued an unmodified opinion on the financials, they highlighted a significant contingent liability of ₹9,754.15 million concerning Department of Telecommunications (DOT) license fee demands. The company is currently contesting this demand and has not made any financial provisions for it.
Key Highlights
Recommended a dividend of ₹2.00 per equity share of ₹10 each for FY 2025-26.
Re-appointed Mr. Rajendra Dwarkadas Hingwala as Independent Director for a 3-year term starting July 13, 2026.
Disclosed a massive contingent liability of ₹9,754.15 million related to DOT license fee demands.
Statutory auditors Deloitte Haskins & Sells issued an unmodified opinion on both standalone and consolidated results.
The board meeting concluded at 6:04 p.m. on April 15, 2026, approving the annual audited financial statements.
👀 What to Watch
Investors should weigh the steady dividend payout against the significant legal risk posed by the ₹975 crore DOT demand. Monitor further legal developments regarding the license fee dispute as it could materially impact the balance sheet if ruled against the company.
GTPL Hathway Recommends ₹2.00 Final Dividend for FY26; Discloses ₹975 Cr DoT Demand
GTPL Hathway has recommended a final dividend of ₹2.00 per equity share for the financial year ended March 31, 2026. While the company reported its annual audited results with an unmodified auditor's opinion, it highlighted a massive contingent liability of ₹9,754.15 million related to Department of Telecommunications (DoT) license fees. The company has opted not to create a provision for this demand, citing strong legal grounds to defend the matter. Additionally, the board approved the re-appointment of an independent director for a second three-year term.
Key Highlights
Recommended a final dividend of ₹2.00 per equity share (20% of face value ₹10) for FY 2025-26.
Reported a significant contingent liability of ₹9,754.15 million regarding DoT license fee demands.
Statutory auditors Deloitte Haskins & Sells issued an unmodified opinion on FY26 financial results.
Re-appointed Rajendra Dwarkadas Hingwala as Independent Director for a second 3-year term starting July 2026.
👀 What to Watch
Investors should weigh the steady dividend payout against the significant legal risk posed by the ₹975 crore DoT demand. Monitor legal developments closely as any adverse ruling could materially impact the company's balance sheet.
GTPL Hathway Recommends ₹2 Dividend; Discloses ₹975 Crore DoT Demand Contingency
GTPL Hathway's Board has recommended a dividend of ₹2.00 per equity share for the financial year ended March 31, 2026. While the company reported audited financial results with an unmodified audit opinion, a significant legal risk was highlighted regarding a Department of Telecommunications (DoT) demand. The demand, totaling ₹9,754.15 million (approx. ₹975.4 crore) for license fees, is being treated as a contingent liability with no provision made. Additionally, the company approved the re-appointment of an Independent Director for a second three-year term.
Key Highlights
Recommended a dividend of ₹2.00 per equity share of ₹10 each for FY 2025-26.
Disclosed a massive contingent liability of ₹9,754.15 million related to DoT license fee demands.
Statutory auditors Deloitte Haskins & Sells issued an unmodified opinion with an 'Emphasis of Matter' on the DoT demand.
Approved the re-appointment of Mr. Rajendra Dwarkadas Hingwala as Independent Director for 3 years starting July 2026.
The company remains confident in its legal position to defend against the DoT demand without making a financial provision.
👀 What to Watch
Investors should monitor the legal proceedings regarding the ₹975 crore DoT demand as it represents a significant portion of the company's valuation. While the dividend provides immediate yield, the legal overhang warrants a cautious 'Watch' approach.
GTPL Hathway Receives GST Demand and Penalty Order of ₹11.13 Crore
GTPL Hathway Limited has received an order from the Office of the Principal Commissioner of CGST and Central Excise, Chennai North Commissionerate. The order alleges wrong availment of input tax credit and short payment of GST, resulting in a demand of ₹11.13 crore. Along with the tax demand, the company faces applicable interest and penalties under Section 74 of the CGST Act. The company has stated its intention to file an appeal against the order and maintains that there is no impact on its operational activities.
Key Highlights
Differential tax demand of ₹11.13 crore issued by CGST authorities.
Allegations include wrong availment of input tax credit and short payment of GST.
Penalty levied under Section 74 of the CGST Act, 2017, along with applicable interest.
Company intends to contest the order by filing an appeal.
Financial impact is limited to the demand amount with no disruption to business operations.
👀 What to Watch
Investors should monitor the outcome of the company's appeal as the ₹11.13 crore demand represents a potential financial liability. While the operational impact is nil, the final resolution of this tax dispute will determine the actual cash outflow.
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.
👀 What to Watch
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.
👀 What to Watch
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
👀 What to Watch
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.
👀 What to Watch
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
👀 What to Watch
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.
