Financial Results Overview

Consolidated Results

  • Income: For Q2 September 2026, total income was ₹598.59 crores (revenue from operations ₹567.51 crores, other income ₹31.08 crores). For H1 September 2026, total income was ₹1,196.01 crores.
  • Expenses: Total expenses for Q2 were ₹582.89 crores, including pay channel cost ₹335.91 crores, other operational expenses ₹80.56 crores, employee benefits expense ₹21.54 crores, finance cost ₹0.26 crores, depreciation, amortization and impairment ₹73.86 crores, and other expenses ₹70.76 crores. For H1, total expenses were ₹1,148.17 crores.
  • Profit before tax: Q2 profit before tax was ₹15.14 crores, and H1 was ₹47.78 crores.
  • Tax expense: Q2 tax expense was ₹4.98 crores (current tax ₹7.37 crores, deferred tax credit ₹2.39 crores). H1 tax expense was ₹13.06 crores (current tax ₹13.79 crores, deferred tax credit ₹0.73 crores).
  • Net profit: Q2 net profit was ₹10.16 crores, and H1 net profit was ₹34.72 crores.
  • Earnings per share (EPS): Basic and diluted EPS for Q2 was ₹0.06, and for H1 was ₹0.20.
  • Other comprehensive income (OCI): Q2 OCI was a loss of ₹0.01 crores, and H1 OCI was income of ₹0.19 crores.
  • Total comprehensive income: Q2 total comprehensive income was ₹10.17 crores, and H1 was ₹34.91 crores.
  • Attribution: Net profit attributable to owners of the parent was ₹10.21 crores for Q2 and ₹34.71 crores for H1.

Standalone Results

  • Income: For Q2 September 2026, total income was ₹172.79 crores (revenue from operations ₹142.71 crores, other income ₹30.08 crores). For H1 September 2026, total income was ₹339.65 crores.
  • Expenses: Total expenses for Q2 were ₹144.99 crores, including operational expenses ₹44.75 crores, employee benefits expense ₹12.66 crores, finance cost ₹0.15 crores, depreciation, amortization and impairment ₹37.57 crores, and other expenses ₹49.86 crores. For H1, total expenses were ₹287.17 crores.
  • Profit before tax: Q2 profit before tax was ₹27.80 crores, and H1 was ₹52.48 crores.
  • Tax expense: Q2 tax expense was ₹7.09 crores (current tax ₹7.37 crores, deferred tax credit ₹0.28 crores). H1 tax expense was ₹13.40 crores (current tax ₹13.79 crores, deferred tax credit ₹0.39 crores).
  • Net profit: Q2 net profit was ₹20.71 crores, and H1 net profit was ₹39.08 crores.
  • Earnings per share (EPS): Basic and diluted EPS for Q2 was ₹0.12, and for H1 was ₹0.22.
  • Other comprehensive income (OCI): Q2 OCI was income of ₹0.02 crores, and H1 OCI was income of ₹0.15 crores.
  • Total comprehensive income: Q2 total comprehensive income was ₹20.73 crores, and H1 was ₹39.23 crores.

Segment Information

  • Broadband Business: Q2 revenue ₹142.71 crores, segment result loss ₹2.04 crores, but with share of profit from associate, total loss ₹1.84 crores. H1 revenue ₹284.52 crores.
  • Cable Television Business: Q2 revenue ₹409.56 crores, segment result loss ₹27.26 crores, with share of loss from joint ventures and associate, total loss ₹29.44 crores. H1 revenue ₹815.07 crores.
  • Dealing in Securities: Q2 revenue ₹15.24 crores, segment profit ₹15.24 crores. H1 revenue ₹33.02 crores.
  • Total segment revenue: Q2 ₹567.51 crores, H1 ₹1,132.61 crores.

Assets and Liabilities (as of September 30, 2026)

Consolidated

  • Non-current assets: ₹2,342.54 crores, including property, plant and equipment ₹1,058.26 crores, capital work in progress ₹17.47 crores, goodwill ₹90.34 crores, other intangible assets ₹33.00 crores, investment accounted using equity method ₹793.69 crores, financial assets ₹14.62 crores, deferred tax assets ₹290.94 crores, and other non-current assets ₹44.22 crores.
  • Current assets: ₹3,219.46 crores, including inventories ₹0.55 crores, financial assets ₹2,824.86 crores (investments ₹1,770.94 crores, trade receivables ₹512.66 crores, cash and cash equivalents ₹37.49 crores, bank balances other than cash ₹150.37 crores, other financial assets ₹543.73 crores), current tax assets ₹16.66 crores, and other current assets ₹187.06 crores.
  • Total assets: ₹5,562.00 crores.
  • Equity: Total equity ₹4,501.65 crores (equity share capital ₹354.02 crores, other equity ₹4,145.98 crores attributable to owners, non-controlling interests ₹1.65 crores).
  • Non-current liabilities: ₹24.94 crores, including financial liabilities ₹9.63 crores, provisions ₹5.44 crores, and other non-current liabilities ₹9.87 crores.
  • Current liabilities: ₹1,035.41 crores, including financial liabilities ₹870.75 crores (borrowings ₹0.20 crores, lease liabilities ₹4.82 crores, trade payables ₹810.46 crores [micro enterprises and small enterprises ₹2.55 crores, others ₹807.91 crores], other financial liabilities ₹55.27 crores), other current liabilities ₹159.91 crores, provisions ₹0.48 crores, and current tax liabilities ₹4.27 crores.

Standalone

  • Non-current assets: ₹3,596.54 crores, including property, plant and equipment ₹671.13 crores, capital work in progress ₹11.32 crores, other intangible assets ₹19.63 crores, financial assets ₹2,820.06 crores (investments ₹2,811.80 crores, other financial assets ₹8.26 crores), deferred tax assets ₹50.86 crores, and other non-current assets ₹23.54 crores.
  • Current assets: ₹1,444.46 crores, including inventories ₹0.27 crores, financial assets ₹1,394.67 crores (investments ₹809.53 crores, trade receivables ₹0.40 crores, cash and cash equivalents ₹20.31 crores, bank balances other than cash ₹50.13 crores, other financial assets ₹534.23 crores), current tax assets ₹2.45 crores, and other current assets ₹27.14 crores.
  • Total assets: ₹5,041.00 crores.
  • Equity: Total equity ₹4,809.92 crores (equity share capital ₹354.02 crores, other equity ₹4,455.90 crores).
  • Non-current liabilities: ₹16.23 crores, including financial liabilities ₹7.55 crores, provisions ₹3.20 crores, and other non-current liabilities ₹5.48 crores.
  • Current liabilities: ₹214.85 crores, including financial liabilities ₹118.91 crores (lease liabilities ₹2.77 crores, trade payables ₹88.83 crores [micro and small enterprises ₹1.00 crores, others ₹87.83 crores], other financial liabilities ₹27.31 crores), other current liabilities ₹91.34 crores, provisions ₹0.33 crores, and current tax liabilities ₹4.27 crores.

Cash Flow Statements

Consolidated (H1 September 2026)

  • Cash flow from operating activities: Net cash flow ₹119.58 crores.
  • Cash flow from investing activities: Net cash flow ₹118.52 crores (used in investing activities).
  • Cash flow from financing activities: Net cash flow ₹2.86 crores used.
  • Net decrease in cash and cash equivalents: ₹1.80 crores.
  • Cash and cash equivalents at end of period: ₹37.49 crores.

Standalone (H1 September 2026)

  • Cash flow from operating activities: Net cash flow ₹93.80 crores.
  • Cash flow from investing activities: Net cash flow ₹92.39 crores used.
  • Cash flow from financing activities: Net cash flow ₹1.48 crores used.
  • Net decrease in cash and cash equivalents: ₹0.07 crores.
  • Cash and cash equivalents at end of period: ₹20.31 crores.

Contingent Liabilities

  • The Group has received Show Cause cum Demand notices from the Department of Telecommunications (DOT) demanding license fees amounting to ₹3,201.93 crores (consolidated) and ₹3,160.63 crores (standalone), including interest and penalty. The Group has contested the demands and, based on legal opinion, believes no provision is necessary.

Additional Information

  • The financial results for comparative periods (quarter ended June 30, 2026, quarter and half year ended September 30, 2025, and year ended March 31, 2026) were subjected to limited review or audit by one of the joint auditors, with unmodified conclusions.
  • The consolidation includes subsidiaries, joint ventures, and an associate (GTPL Hathway Limited).
  • Paid-up equity share capital remained unchanged at ₹354.02 crores with face value of ₹2 per share.