Leading cable TV and broadband services provider GTPL Hathway Ltd reported a 78.03% year-on-year decline in consolidated net profit to ₹2.32 crore for the quarter ended June 30, 2026, from ₹10.56 crore a year earlier, despite revenue rising 12.4% to ₹1,015.41 crore from ₹903.70 crore. According to reports from Business Standard, profit before tax declined 76.4% to ₹2.88 crore in Q1 FY27, compared with ₹12.22 crore in Q1 FY26. EBITDA stood at ₹109.2 crore, down 2.76% from ₹112.3 crore in the corresponding quarter last year, while the EBITDA margin compressed to 10.7% from 12.4% in the previous year. The company's Operating Profit Margin (OPM) also compressed to 10.31% from 11.82% in the previous year.
In its Digital TV segment, GTPL Hathway maintained strong subscriber metrics with 9.60 million active subscribers as of June 30, 2026, while paying subscribers stood at 8.90 million. As reported by Business Standard, subscription revenue from the Digital TV segment stood at ₹291.3 crore during Q1 FY27. The company also launched GTPL Infinity, its HITS platform, which is expected to strengthen the TV distribution ecosystem and provide scalable content distribution solutions across the country. Managing Director Anirudhsinh Jadeja highlighted that the platform provides a scalable and efficient solution for content distribution across the country, with encouraging traction and positive interest in the platform.
The broadband business demonstrated positive momentum by adding 10,000 subscribers year-on-year, taking the subscriber base to 1.06 million. According to Business Standard, broadband revenue increased 5% YoY to ₹142.5 crore during the quarter. The company's homepass reached 5.95 million as of June 30, 2026, with around 75% available for Fibre-to-the-X (FTTX) conversion. Broadband Average Revenue Per User (ARPU) increased by ₹5 year-on-year to ₹470 per month per subscriber, while average data consumption per user rose 6% YoY to 436 GB per month.
GTPL Hathway has signed a business transfer agreement to acquire seven Digital TV businesses of the ACT Group for ₹36.23 crore, with the transaction expected to be completed by September 15, 2026. As reported by Business Standard, the acquisition will add around 0.06 crore Digital TV subscribers across four key states, strengthening the company's presence in South and East India. The company also announced that Saurav Banerjee, Chief Financial Officer and Key Managerial Personnel, will retire from his position with effect from the close of business hours on September 30, 2026, upon attaining the age of superannuation. The transaction is expected to deepen the company's regional Digital TV footprint while creating cross-selling opportunities across its expanded subscriber base.
