Financial Highlights

GTPL Hathway Limited reported total revenue of ₹11,464 million for the quarter ended 30 September 2026 (Q2 FY27), a 19% year‑on‑year increase over the same quarter in FY26. Broadband revenue contributed ₹1,459 million, while Digital Cable TV (DCTV) subscription revenue was ₹3,455 million. EBITDA for Q2 FY27 was ₹1,103 million, delivering an EBITDA margin of 9.6% and an operating EBITDA margin of 20%. The profit after tax for the quarter was ₹‑5 million, compared with a profit after tax of ₹23 million in Q1 FY27 and ₹93 million in Q2 FY26.

The detailed revenue breakdown (₹ million) is as follows:

  • Digital Cable TV Revenue: Q2 FY27 = 3,455; Q1 FY27 = 2,913; Q2 FY26 = 3,024; H1 FY27 = 6,368; H1 FY26 = 6,042; FY26 = 11,862.
  • Broadband Revenue: Q2 FY27 = 1,459; Q1 FY27 = 1,425; Q2 FY26 = 1,393; H1 FY27 = 2,884; H1 FY26 = 2,753; FY26 = 5,580.
  • Total Revenue: Q2 FY27 = 11,464; Q1 FY27 = 10,199; Q2 FY26 = 9,649; H1 FY27 = 21,663; H1 FY26 = 18,741; FY26 = 37,466.
  • EBITDA: Q2 FY27 = 1,103; Q1 FY27 = 1,092; Q2 FY26 = 1,101; H1 FY27 = 2,194; H1 FY26 = 2,224; FY26 = 4,323.
  • EBITDA Margin %: Q2 FY27 = 9.6%; Q1 FY27 = 10.7%; Q2 FY26 = 11.4%; H1 FY27 = 10.1%; H1 FY26 = 11.9%; FY26 = 11.5%.
  • Operating EBITDA %: Q2 FY27 = 20%; Q1 FY27 = 22%; Q2 FY26 = 22%; H1 FY27 = 21%; H1 FY26 = 22%; FY26 = 21%.

Operational Highlights – Digital Cable TV

  • Active DCTV subscribers stood at 11 million on 30 September 2026, reflecting an increase of 1.5 million (16%) YoY.
  • Paying subscribers were 10.3 million, up 17% YoY.
  • Subscription revenue from DCTV grew 14% YoY to ₹3,455 million.

Operational Highlights – Broadband

  • Broadband active subscribers reached 1,070 k, a 20 k YoY increase.
  • Broadband revenue rose 5% YoY to ₹1,459 million.
  • Home‑pass footprint as of 30 September 2026 was 6 million, an addition of 50 k YoY; approximately 75% of this footprint is available for FTTX conversion.
  • Broadband ARPU was ₹470 per month per subscriber, an increase of ₹5 YoY.
  • Average data consumption per broadband user was 436 GB per month, up 6% YoY.

Management Commentary

Mr. Anirudhsinh Jadeja, Managing Director, stated that the first half of FY27 focused on expanding footprint, scaling operations, and integrating the recently completed ACT Group transaction. The acquisition added roughly 600,000 subscribers across Andhra Pradesh, Telangana, Odisha, and Karnataka, strengthening market presence and operating scale. The company aims to further integrate the acquired assets, expand broadband offerings, and improve overall economics to capture future opportunities and deliver sustainable long‑term value.

Company Overview

GTPL Hathway Limited is India’s largest Multi‑System Operator (MSO) for Digital Cable TV and a leading private wireline broadband provider. It is the largest DCTV and broadband provider in Gujarat and a prominent DCTV operator in West Bengal, serving over 1,600 towns across 26 states and 5 union territories. The ecosystem includes 51,000+ business partners, 200+ broadcasters, 1,750+ enterprise clients, and participation in 30+ government projects. The company offers 975+ TV channels, including 130+ GTPL‑owned platforms, and operates the GTPL Infinity Head‑End‑in‑the‑Sky (HITS) platform powered by the Telkom‑4 satellite, delivering roughly 800 channels (including 100 HD channels) pan‑India.

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