GTPL Hathway Limited, India's largest Digital Cable TV Service Provider and a leading Broadband Service provider, announced its unaudited financial results for the quarter ended September 30, 2026. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Financial Highlights (Consolidated Q2 FY27)

  • Total Revenue: ₹11,464 million, representing 19% year-over-year growth
  • EBITDA: ₹1,103 million
  • EBITDA Margin: 9.6%
  • Operating EBITDA Margin: 20% (calculated as EBITDA net of Activation & Other income divided by Subscription + ISP + Other Operating income)
  • Broadband Revenue: ₹1,459 million

Operational Highlights

Digital Cable TV Business
  • Active Subscribers: 11 million as of September 30, 2026, representing an increase of 1.5 million (16%) year-over-year
  • Paying Subscribers: 10.3 million, increasing by 17% year-over-year
  • Subscription Revenue: ₹3,455 million for Q2 FY27, achieving 14% year-over-year growth
  • Geographic Coverage: Services extend to over 1,600+ towns across 26 States & 5 Union Territories
  • Business Ecosystem: Comprising more than 51,000+ business partners, 200+ broadcasters, 1,750+ enterprise clients
  • Channel Portfolio: 975+ TV channels, including 130+ GTPL-owned and operated platform services
  • GTPL Infinity Platform: Headend-in-the-Sky (HITS) platform offering pan-India coverage with ~800 channels, including ~100 HD channels
Broadband Business
  • Active Subscribers: 1.07 million (1070K), increasing by 20,000 year-over-year
  • Revenue: ₹1,459 million in Q2 FY27, growing by 5% year-over-year
  • Homepass: 6 million as of September 30, 2026, with an addition of 50,000 year-over-year
  • FTTX Conversion Potential: Approximately 75% of the 6 million homepass available for FTTX conversion
  • ARPU: ₹470 per month per subscriber, increased by ₹5 year-over-year
  • Average Data Consumption: 436 GB per user per month, an increase of 6% year-over-year

Strategic Development

The company completed the ACT Group transaction, adding approximately 600,000 subscribers across Andhra Pradesh, Telangana, Odisha and Karnataka. This acquisition strengthens the company's presence in these markets and expands operating scale.

Management Commentary

Mr. Anirudhsinh Jadeja, Managing Director, stated that the company remained focused on expanding footprint, improving operational scalability, and building a stronger platform across Digital TV and Broadband during the first half of FY27. Going forward, the focus will be on effective integration of acquired operations, strengthening market presence, expanding Broadband business, and improving overall operational economics.

Company Overview

GTPL Hathway Limited is India's largest Multi System Operator (MSO) for Digital Cable TV services and one of the leading private wireline broadband service providers. The company is the largest Digital Cable TV and wireline broadband service provider in Gujarat and a prominent Digital Cable TV operator in West Bengal.