GTPL Hathway Q2 FY27 Subscriber Growth 19%

Digital TV Business Performance:

Digital cable TV subscriber base reached 11 million as of September 30, 2026, representing net addition of 1.5 million subscribers in Q2 FY27
Paying subscribers stood at 10.30 million
Business partner network comprised more than 51,000 partners

Broadband Business Performance:

Active broadband subscriber base stood at 1.07 million at quarter end, with 10,000 quarter-on-quarter additions
Broadband home pass reached 6 million as of September 30, 2026
Broadband ARPU for Q2 FY27 stood at ₹470
Average monthly data consumption per user was 436 GB
New branding launched as "TrueFiber" with new CEO Vivek Raina appointed for broadband business

Strategic Developments:

Completed acquisition of cable television business of seven companies belonging to ACT Group on September 15, 2026, for aggregate cash consideration of ₹35.55 crores
Acquired business serves approximately 600,000 digital TV subscribers across Andhra Pradesh, Telangana, Odisha, and Karnataka
Announced acquisition of remaining 74% stake in DL GTPL Cabnet for ₹83.25 million, which has 150,000 CATV subscriber base in Gujarat, Maharashtra, and Madhya Pradesh
GTPL Infinity HITS platform launched in November 2025 continues to support expansion with scalable operating model

Consolidated Results Q2 FY27:

Total income: ₹11,464 million compared to ₹9,649 million in Q2 FY26 (19% YoY growth)
Subscription revenue: ₹3,455 million compared to ₹3,024 million in Q2 FY26
Broadband revenue: ₹1,459 million compared to ₹1,393 million in Q2 FY26
Consolidated EBITDA: ₹1,103 million with reported EBITDA margin of 9.6%
Operational EBITDA margin: 20%
Consolidated PAT: Negative ₹0.50 crore due to exceptional impact of ₹75 million (₹45 million forex loss + ₹30 million amortization impact from seven new transponders)

Standalone Results Q2 FY27:

Total revenue: ₹8,003 million compared to ₹6,402 million in Q2 FY26 (25% YoY growth)
Subscription revenue: ₹2,692 million compared to ₹2,191 million in Q2 FY26
EBITDA: ₹667 million

Financial Targets:

Expect operational EBITDA margin improvement by 150-250 basis points by end of FY27 from current 21% H1 FY27 level
Targeting double-digit growth in subscription revenues for both digital TV and broadband businesses

Subscriber Growth Projections:

Expect net additions of 1.8-1.9 million digital TV subscribers for full year FY27
Target reaching 13-14 million digital TV subscribers in 3 years (currently 11 million)
Target reaching 1.2 million broadband subscribers in 3 years (currently 1.07 million)
Expect 7-8% annual subscriber growth rate

Integration Timeline:

ACT business integration expected to be completed by end of FY27 with full synergy benefits realization
Current ACT business EBITDA margin at 12%, expected to improve to 25-26% post-integration
HITS platform conversion of existing network expected to complete by December 2026-January 2027