🔍

GTPL - GTPL Hathway

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

📢 Recent Corporate Announcements

GTPL Hathway Q4 FY26: Revenue Up 4% to ₹9,344 Mn; 20% Dividend Recommended Despite Quarterly Loss

🔵 WATCH ⭐ 7/10

EARNINGS 📅 21 Apr 2026, 06:19 PM

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.

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.

💡 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 Promoter Confirms Zero Share Encumbrance for FY 2025-26

🟢 POSITIVE ⭐ 3/10

ROUTINE 📅 21 Apr 2026, 12:39 PM

Pruthvi Broadcasting Services Private Limited, a promoter of GTPL Hathway Limited, has submitted a formal declaration under Regulation 31(4) of SEBI Takeover Regulations. The filing confirms that the promoter did not create any direct or indirect encumbrance or pledge on their shareholding during the financial year 2025-26. This is a routine annual compliance requirement intended to provide transparency to shareholders. The absence of pledged shares is generally viewed as a sign of financial stability within the promoter group.

Promoter Pruthvi Broadcasting Services confirms zero share encumbrance for FY 2025-26.
Declaration submitted under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations.
The filing confirms no direct or indirect pledges were created throughout the entire fiscal year.

💡 No immediate action is required as this is a routine regulatory disclosure. Investors should take comfort in the fact that the promoter's stake remains unencumbered.

GTPL Hathway Releases Q4 FY26 Post-Results Earnings Call Audio Recording

🟡 NEUTRAL ⭐ 4/10

EARNINGS 📅 16 Apr 2026, 07:03 PM

GTPL Hathway has officially released the audio recording of its post-results conference call held on April 16, 2026. The call addressed the audited standalone and consolidated financial results for the quarter and full financial year ended March 31, 2026. This disclosure is a routine regulatory requirement under SEBI LODR Regulations to ensure transparency for all shareholders. Investors can access the recording via the company's website to hear management's detailed commentary on the year's performance.

Audio recording of the Q4 and FY26 earnings call is now available for public access.
The call was conducted on April 16, 2026, following the release of audited financial results.
Covers both standalone and consolidated financial performance for the period ending March 31, 2026.
Compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

💡 Investors should listen to the recording to understand management's outlook on subscriber growth and ARPU trends in the broadband and cable segments. Pay close attention to any guidance provided for the 2026-2027 fiscal year.

GTPL Hathway FY26 Revenue Up 7% to ₹37,466 Mn; Recommends ₹2 Dividend

🟡 NEUTRAL ⭐ 8/10

EARNINGS 📅 15 Apr 2026, 10:13 PM

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.

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.

💡 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

🟡 NEUTRAL ⭐ 8/10

EARNINGS 📅 15 Apr 2026, 10:07 PM

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.

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.

💡 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

🔵 WATCH ⭐ 7/10

EARNINGS 📅 15 Apr 2026, 09:36 PM

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.

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.

💡 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

🔵 WATCH ⭐ 7/10

DIVIDEND 📅 15 Apr 2026, 09:01 PM

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.

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.

💡 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

🔵 WATCH ⭐ 8/10

EARNINGS 📅 15 Apr 2026, 08:33 PM

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.

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.

💡 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 to Discuss Q4 and FY26 Financial Results on April 16, 2026

🟡 NEUTRAL ⭐ 4/10

EARNINGS 📅 10 Apr 2026, 04:00 PM

GTPL Hathway Limited has scheduled a conference call for investors and analysts on April 16, 2026, at 4:00 PM IST. The purpose of the call is to discuss the company's financial performance for the fourth quarter and the full financial year ended March 31, 2026. The management panel will include the Managing Director, the Business Head for B2B (CATV and Broadband), and the Chief Financial Officer. This is a routine but essential event for stakeholders to understand the company's growth trajectory in the broadband and cable sectors.

Conference call scheduled for April 16, 2026, at 4:00 PM IST following Q4FY26 results.
Management panel includes MD Anirudhsinh Jadeja and CFO Saurav Banerjee.
Discussion will cover both CATV and Broadband business segments for the full fiscal year 2026.
The call is being coordinated by Emkay Global Financial Services Ltd.

💡 Investors should monitor the call for management commentary on subscriber growth and ARPU trends in the broadband segment. No immediate action is required as this is a routine announcement of an upcoming earnings discussion.

GTPL Hathway Announces Trading Window Closure from April 1, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 31 Mar 2026, 02:59 PM

GTPL Hathway Limited has announced the closure of its trading window starting April 1, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations. This closure is a standard procedure preceding the announcement of the company's financial results for the quarter and financial year ending March 31, 2026. The restriction applies to directors, promoters, and designated persons to prevent insider trading. The window will remain closed until 48 hours after the financial results are officially declared and made public.

Trading window closure commences on April 1, 2026.
Closure is related to the financial results for the quarter and year ending March 31, 2026.
Restriction ends 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 filing and should not impact investment decisions. Investors should focus on the upcoming Q4 and FY2026 financial results when they are released.

GTPL Hathway Receives GST Demand Order of ₹11.13 Crore Plus Penalty

🔴 NEGATIVE ⭐ 4/10

LEGAL 📅 26 Mar 2026, 11:58 AM

GTPL Hathway Limited has received a tax demand order from the Office of the Principal Commissioner of CGST and Central Excise, Chennai North. The order alleges wrong availment of input tax credit and short payment of GST, totaling a demand of ₹11.13 crore plus interest and penalties. The company intends to file an appeal against this order to contest the findings. While the financial impact is limited to the demand amount, the company confirms there is no disruption to its business operations.

Differential tax demand of ₹11.13 crore issued by Chennai North CGST Commissionerate
Penalty levied under Section 74 of the CGST Act, 2017 for alleged wrong ITC availment
Company intends to challenge the order through an official appeal process
No impact on the company's day-to-day operations or other activities reported

💡 Investors should monitor the outcome of the appeal process as the final financial liability depends on the litigation. The demand amount is manageable relative to the company's scale, but persistent tax disputes can be a point of concern.

GTPL Hathway Receives GST Demand and Penalty Order of ₹11.13 Crore

🔴 NEGATIVE ⭐ 6/10

LEGAL 📅 26 Mar 2026, 11:56 AM

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.

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.

💡 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 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.

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.