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GTPL - GTPL Hathway

📊 NSE: GTPL 🏢 Entertainment / Electronic Media Software 📅 Last Updated: 12/13/2025 22:39

📢 Recent Corporate Announcements

GTPL Hathway to Participate in Arihant Capital Investor Conference on March 9, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 03 Mar 2026, 01:48 PM

GTPL Hathway Limited has scheduled a virtual group meeting with institutional investors on March 09, 2026. The meeting is part of the Arihant Capital - Bharat Connect Conference and is set to begin at 11:00 a.m. IST. The company has clarified that no unpublished price sensitive information (UPSI) will be shared during this session. Such interactions are standard practice for maintaining investor relations and providing general business updates.

Investor meeting scheduled for March 09, 2026, at 11:00 a.m. IST.
Participation in the Arihant Capital - Bharat Connect Conference.
The interaction will be conducted in a virtual/online group format.
Company confirms no unpublished price sensitive information (UPSI) will be shared.

💡 No immediate action is required as this is a routine investor interaction. Investors may monitor the company's website for any post-event transcripts or presentations for insights into the company's growth outlook.

GTPL Hathway Q3 FY26 Net Profit Rises 9% YoY to ₹111 Million; Launches GTPL Infinity Platform

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 16 Jan 2026, 05:52 PM

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.

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.

💡 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 Releases Audio Recording of Q3 FY26 Post-Results Earnings Call

🟡 NEUTRAL ⭐ 3/10

EARNINGS 📅 13 Jan 2026, 06:32 PM

GTPL Hathway Limited has released the audio recording of its post-results conference call held on January 13, 2026. The call discussed the company's unaudited standalone and consolidated financial performance for the quarter and nine months ended December 31, 2025. This disclosure follows standard SEBI regulatory requirements for transparency after earnings announcements. Investors can access the full recording via the company's investor relations portal to hear management's detailed commentary.

Audio recording of the Q3 FY26 earnings call made available on January 13, 2026.
Covers financial performance for the nine-month period ending December 31, 2025.
Complies with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Direct link to the MP3 recording provided for public access and stakeholder review.

💡 Investors should listen to the recording to understand management's outlook on broadband subscriber growth and cable TV margin sustainability.

GTPL Hathway Q3 FY26 Update: Launches HITS Platform for Pan-India Expansion

🟢 POSITIVE ⭐ 8/10

EXPANSION 📅 12 Jan 2026, 08:07 PM

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.

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.

💡 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%

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 12 Jan 2026, 08:03 PM

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.

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

💡 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

🔴 NEGATIVE ⭐ 8/10

EARNINGS 📅 12 Jan 2026, 06:33 PM

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.

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.

💡 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 Wins Tax Appeal; ₹45.90 Lakh Penalty Set Aside and Refund Ordered

🟢 POSITIVE ⭐ 4/10

LEGAL 📅 10 Jan 2026, 02:20 PM

GTPL Hathway Limited has successfully appealed a tax penalty originally levied in September 2023. The Joint Commissioner (Appeals), State Tax, Rudrapur, has set aside the penalty of ₹45,90,396/-. Additionally, the authority has directed a refund of the penalty amount previously paid by the company. This resolution removes a minor legal liability and results in a small cash inflow from the refund.

Joint Commissioner (Appeals) set aside a penalty of ₹45,90,396/- originally levied in September 2023.
The appellate authority has directed the refund of the penalty amount already paid by the company.
The favorable order was received by the company on January 09, 2026.
The dispute originated from an order issued by the Assistant Commissioner, Rudrapur, Uttarakhand.

💡 Investors should note this as a minor positive legal resolution that clears a small liability. No significant impact on the stock's long-term valuation is expected given the relatively small amount involved.

GTPL Hathway Schedules Q3FY26 Earnings Conference Call for January 13, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 06 Jan 2026, 06:48 PM

GTPL Hathway Limited has scheduled a conference call on January 13, 2026, at 4:00 PM IST to discuss its financial results for the quarter and nine months ended December 31, 2025. The call will feature top management, including Managing Director Anirudhsinh Jadeja and CFO Saurav Banerjee. Hosted by Emkay Global Financial Services, the session will provide insights into the company's CATV and Broadband business performance. This is a standard administrative announcement following the conclusion of the third quarter.

Conference call scheduled for Tuesday, January 13, 2026, at 4:00 PM IST.
Agenda focuses on financial results for Q3 and the nine-month period ended December 31, 2025.
Management panel includes the Promoter/MD, Chief Strategy Officer, and CFO.
Dial-in details provided for universal access and multiple international toll-free numbers.

💡 Investors should monitor the upcoming financial results on the day of the call for operational updates. No immediate action is required based on this scheduling notification.

GTPL Hathway Announces Trading Window Closure from January 1, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 30 Dec 2025, 02:46 PM

GTPL Hathway Limited has notified the exchanges that its trading window will be closed starting January 1, 2026. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations for the upcoming financial results for the quarter and nine months ending December 31, 2025. The restriction applies to directors, promoters, and designated persons to prevent insider trading before the results are public. The window will reopen 48 hours after the financial results are officially disseminated.

Trading window closure commences on January 1, 2026
Closure pertains to financial results for the quarter and nine months ending December 31, 2025
Window to reopen 48 hours after the financial results become generally available information
Applies to Directors, Promoters, Designated Persons, and Specified Connected Persons of the company and its material subsidiaries

💡 This is a routine regulatory announcement and does not require any immediate action. Investors should monitor the company's upcoming earnings release for actual financial performance.

GTPL Hathway Receives GST Penalty and Tax Demand of Over Rs 27.12 Crore

🔴 NEGATIVE ⭐ 6/10

REGULATORY 📅 27 Dec 2025, 03:02 PM

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.

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

💡 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.

View All GTPL Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Total income for Q2 FY26 reached INR 640.2 Cr, representing a 17% YoY growth from INR 545.2 Cr. However, CATV Subscription income declined 1% YoY to INR 219.1 Cr. This was offset by a 33% YoY surge in Placement/Carriage/Marketing Incentive revenue, which reached INR 383.1 Cr. Broadband revenue growth is supported by a subscriber base of 1.05 million, though specific segment revenue was not detailed in the P&L snippet provided.

Geographic Revenue Split

GTPL maintains a dominant presence in Western and Eastern India, being the #1 MSO in Gujarat and #2 in West Bengal. The company has expanded its footprint to 1,500+ towns across 26 states, including recent Q4 FY25 entries into Arunachal Pradesh, Chhattisgarh, and Mizoram to diversify its revenue base beyond its core Gujarat stronghold.

Profitability Margins

Net profitability saw a significant decline, with PAT for Q2 FY26 at INR 7.4 Cr, a 46% drop from INR 13.7 Cr in Q2 FY25. This margin compression is driven by a 25% YoY increase in Pay Channel Costs (INR 461.5 Cr) and higher operational expenses, which grew 13% YoY to INR 103.9 Cr.

EBITDA Margin

Consolidated EBITDA margin stood at 11.4% in Q2 FY26, down from 13.2% in Q2 FY25. The absolute EBITDA was INR 110.1 Cr for H1 FY26. The decline is attributed to rising content costs and a lack of major sporting events in Q2, which typically drive high-margin subscriber additions.

Capital Expenditure

While specific total INR Cr figures for the current quarter's CAPEX were not disclosed, the company confirmed ongoing investments into infrastructure to support its 5.95 million Broadband Home-pass and the upcoming launch of the 'GTPL Infinity' HITS platform in Q3 FY26.

Credit Rating & Borrowing

Finance costs for borrowing were INR 5.7 Cr in Q2 FY26, a 7% decrease from INR 6.1 Cr in Q1 FY26, suggesting stable or slightly improving debt terms. Total finance costs including IND AS 116 reached INR 8.7 Cr for the quarter.

⚙️ Operational Drivers

Raw Materials

The primary 'raw material' for GTPL is content, specifically Pay Channel Costs, which account for 72% of total income (INR 461.5 Cr out of INR 640.2 Cr). Other costs include Employee costs (INR 15.6 Cr) and Admin/Selling expenses (INR 103.9 Cr).

Import Sources

Content is sourced domestically from various national and regional broadcasters across India, while hardware for broadband and cable (set-top boxes, routers) is typically sourced from technology vendors, though specific countries were not listed.

Key Suppliers

GTPL partners with over 200+ broadcasters, including major networks like Star, Zee, and Sony, to provide a catalog of 975+ TV channels.

Capacity Expansion

GTPL currently serves 9.50 million Active Digital Cable TV subscribers and 1.05 million Broadband subscribers. The company has a Broadband Home-pass capacity of 5.95 million and plans to expand its reach through the launch of the HITS (Headend-in-the-Sky) platform, GTPL Infinity, in Q3 FY26.

Raw Material Costs

Pay Channel Costs rose 25% YoY to INR 461.5 Cr in Q2 FY26. This increase is a major driver of margin pressure, as content costs are growing faster than subscription revenues (which fell 1% YoY).

Manufacturing Efficiency

Broadband efficiency is measured by Home-pass utilization; currently, 1.05 million subscribers are active out of 5.95 million Home-passes, representing a 17.6% conversion rate.

Logistics & Distribution

Distribution is managed through an expansive network of 48,000+ business partners who handle local last-mile connectivity and customer service.

📈 Strategic Growth

Expected Growth Rate

8-11%

Growth Strategy

Growth will be achieved through the launch of the 'GTPL Infinity' HITS platform in Q3 FY26, which targets seamless entertainment delivery. The company is also pursuing inorganic acquisitions of smaller regional MSOs (targeting a 40 million household market) and expanding its broadband footprint in new states like Arunachal Pradesh and Mizoram.

Products & Services

Digital Cable TV, Wireline Broadband, OTT services, Gaming, TV Everywhere, and Enterprise solutions for 1,750+ clientele.

Brand Portfolio

GTPL, GTPL Infinity, GTPL Buzz (mobile app), GIVA (customer service bot).

New Products/Services

Launch of 'GTPL Infinity' HITS platform in Q3 FY26 and 'GTPL Buzz' app for mobile TV. These are expected to improve retention and attract younger, mobile-first consumers.

Market Expansion

Targeting 26 states with recent expansions into the North East (Arunachal Pradesh) and Central India (Chhattisgarh) to capture market share from non-compliant smaller MSOs.

Market Share & Ranking

Ranked as the #1 MSO in India and the leading private Wireline Broadband player in Gujarat.

Strategic Alliances

Partnerships with 200+ broadcasters and 48,000+ local business partners for last-mile delivery.

🌍 External Factors

Industry Trends

The industry is seeing a consolidation trend as the Ministry of Information and Broadcasting (MIB) cancels licenses of non-compliant MSOs. GTPL is positioned to absorb these smaller players. There is also a shift toward 'converged' services (Cable + Broadband + OTT).

Competitive Landscape

Faces competition from other MSOs, DTH providers, and the rapid growth of OTT platforms and Jio/Airtel in the broadband space.

Competitive Moat

GTPL's moat is its massive scale (9.5M subs) and its network of 48,000+ local partners, which creates a high barrier to entry for competitors trying to establish last-mile connectivity in 1,500+ towns.

Macro Economic Sensitivity

Highly sensitive to seasonal weather patterns; excessive rain in Q2 FY26 hampered sales and retention efforts across the country.

Consumer Behavior

Shift toward OTT and gaming is being addressed by GTPL layering these services onto traditional cable and broadband offerings.

Geopolitical Risks

Minimal direct impact, though supply chains for networking hardware could be affected by global trade policies.

⚖️ Regulatory & Governance

Industry Regulations

Operations are governed by TRAI and MIB regulations. Stringent compliance requirements are currently driving industry consolidation, benefiting larger players like GTPL.