GTPL Hathway Limited announced its unaudited financial results for the quarter ended June 30, 2026 (Q1 FY2027), approved by the Board of Directors in a meeting held on July 15, 2026, from 4:30 PM to 5:24 PM. The results were prepared in accordance with Regulation 33 of SEBI Listing Regulations and reviewed by the Audit Committee.

Standalone Financial Performance (Rs in Million)

  • Revenue from Operations: ₹6,877.25 (Q1 FY2027) vs ₹5,946.79 (Q1 FY2026) - 15.6% YoY growth
  • Other Income: ₹54.85 (Q1 FY2027) vs ₹43.41 (Q1 FY2026)
  • Total Income: ₹6,932.10 (Q1 FY2027) vs ₹5,990.20 (Q1 FY2026)
  • Total Expenses: ₹6,904.49 (Q1 FY2027) vs ₹5,912.63 (Q1 FY2026)
  • Profit before Exceptional Items & Tax: ₹27.61 (Q1 FY2027) vs ₹77.57 (Q1 FY2026)
  • Exceptional Items: None in Q1 FY2027; ₹56.89 million in Q4 FY2026 (impairment of investments)
  • Profit before Tax: ₹27.61 (Q1 FY2027) vs ₹77.57 (Q1 FY2026)
  • Tax Expense: ₹7.49 (Q1 FY2027) comprising Current Tax ₹6.46 and Deferred Tax ₹1.03
  • Net Profit after Tax: ₹20.12 (Q1 FY2027) vs ₹56.25 (Q1 FY2026)
  • Earnings Per Share (Basic and Diluted): ₹0.18 (Q1 FY2027) vs ₹0.50 (Q1 FY2026)
  • Paid-up Equity Share Capital: ₹1,124.63 million (unchanged)

Consolidated Financial Performance (Rs in Million)

  • Revenue from Operations: ₹10,154.07 (Q1 FY2027) vs ₹9,036.99 (Q1 FY2026)
  • Other Income: ₹44.86 (Q1 FY2027) vs ₹54.24 (Q1 FY2026)
  • Total Income: ₹10,198.93 (Q1 FY2027) vs ₹9,091.23 (Q1 FY2026)
  • Profit before Share of Profit/(Loss) of Associate and Joint Ventures, Exceptional Item and Tax: ₹28.88 (Q1 FY2027) vs ₹122.36 (Q1 FY2026)
  • Exceptional Items: None in Q1 FY2027; ₹4.65 million in Q4 FY2026 (impairment of goodwill)
  • Share of Profit/(Loss) of Associate/Joint Ventures: (₹0.05) loss (Q1 FY2027)
  • Profit before Tax: ₹28.83 (Q1 FY2027) vs ₹122.22 (Q1 FY2026)
  • Tax Expense: ₹15.06 (Q1 FY2027)
  • Net Profit after Tax: ₹13.77 (Q1 FY2027) vs ₹73.23 (Q1 FY2026)
  • Profit attributable to Equity Holders of Parent: ₹23.22 (Q1 FY2027)
  • Earnings Per Share (Basic and Diluted): ₹0.21 (Q1 FY2027) vs ₹0.94 (Q1 FY2026)

Contingent Liabilities

1. DoT License Fee Demand on Parent Company:

  • Total demand: ₹9,754.15 million (Principal: ₹2,286.50 million + Interest/Penalty: ₹7,467.65 million as of July 31, 2020)
  • Demand relates to inclusion of cable television revenue in license fee calculation
  • Based on Supreme Court's AGR Judgment (Union of India v/s AUSPI & Ors.)
  • Supreme Court clarified on June 11 and June 18, 2020 that AGR judgment shouldn't apply to non-telecom PSUs
  • All India Digital Cable Federation (AIDCF) filed intervention petition in TDSAT (TP No. 54 of 2020)
  • Ministry of I&B wrote to DoT in February 2021 stating MSOs don't pay license fees on cable TV revenue
  • TDSAT stayed all demands on October 5, 2021 (interim order continuing)
  • Company confident of defending based on legal assessment and expert opinions
  • No provision made in financial results

2. DoT License Fee Demand on GTPL Broadband Private Limited (Subsidiary):

  • Total demand: ₹3,749.12 million (including interest and penalty)
  • Relates to levy of license fee on Pure Internet Services (PIS)
  • TDSAT order dated October 18, 2019 quashed demands on PIS revenue
  • DoT amendment dated March 31, 2021 included PIS in AGR (stayed by TDSAT)
  • Demand-cum-show cause notices issued for FY2016-17 to FY2024-25
  • GBPL confident of defending based on legal position
  • No provision made in financial results

3. DoT License Fee Demand on GTPL KCBPL Broadband Private Limited (Step-down Subsidiary):

  • Estimated liability: ₹353.92 million as of June 30, 2026 (8% of ₹3,811.29 million AGR)
  • Relates to levy of license fee on Pure Internet Services
  • Protected by TDSAT judgment dated October 18, 2019
  • DoT amendment stayed by TDSAT in other cases
  • KCBPL Broadband has paid ₹14.04 million under protest
  • No provision made in financial results

Business Acquisition

  • On June 23, 2026, entered into Business Transfer Agreement with ACT Group entities
  • Acquisition of Cable Television Business on going concern basis through slump sale
  • Aggregate consideration: ₹362.30 million
  • Effective date of acquisition: July 1, 2026

Segment Reporting (Consolidated)

Revenue by Segment (Q1 FY2027):

  • Cable TV Business: ₹8,573.78 million
  • Internet Service: ₹1,431.97 million
  • Projects (Including O&M): ₹205.18 million
  • Less: Inter Segment Revenue: (₹56.86) million
  • Total: ₹10,154.07 million

Segment Result (PBT) (Q1 FY2027):

  • Cable TV Business: (₹47.48) million loss
  • Internet Service: ₹35.22 million profit
  • Projects (Including O&M): ₹41.09 million profit
  • Total: ₹28.83 million profit

Subsidiaries and Associates

  • 25 subsidiaries included in consolidation
  • 5 joint ventures and 1 associate
  • Subsidiaries contributed revenues of ₹712.78 million and net loss of ₹25.27 million in Q1 FY2027

Auditor's Review

  • Deloitte Haskins & Sells conducted limited review
  • Review report emphasizes contingent liabilities but does not modify conclusion
  • Financial results prepared in accordance with Ind AS 34