Multi-system operator GTPL Hathway reported a net loss of ₹0.93 crore in profit after tax (PAT) attributable to equity holders for Q2 FY27, marking a significant decline from the ₹9.21 crore profit recorded in the corresponding quarter last year. According to reports from CNBC TV18, this represents an 110.10% year-on-year decline in profitability despite strong revenue growth. Revenue from operations increased 19.19% YoY to ₹1,143.05 crore from ₹959.05 crore in Q2 FY26, demonstrating robust top-line performance. The company also showed 12.57% quarter-on-quarter growth from ₹1,015.41 crore in Q1 FY27, indicating sustained momentum.
The company's profitability was significantly impacted by rising operational costs, with total expenses increasing 20.53% YoY to ₹1,150.37 crore from ₹954.40 crore in the year-ago quarter. As reported by CNBC TV18, EBITDA margin declined to 9.34% from 10.90% despite EBITDA growing 2.88% to ₹107 crore. The sequential decline was more pronounced, with PAT falling from a profit of ₹2.32 crore in Q1 FY27 to a loss of ₹0.93 crore in Q2 FY27, representing a 140.09% sequential decline. Total expenses rose 13.11% quarter-on-quarter to ₹1,150.37 crore from ₹1,017 crore in the previous quarter.
On the operational front, GTPL Hathway demonstrated strong subscriber growth across its key segments. According to CNBC TV18, the active digital cable television subscriber base increased by 1.5 million, or 16%, YoY to 11 million as of September 30, 2026, with paying subscribers rising 17% to 10.3 million. The broadband segment also showed positive momentum, with broadband subscribers reaching 1.07 million after adding 20,000 new subscribers during the quarter. Digital cable television subscription revenue grew 14% YoY to ₹345.5 crore. The company's broadband average revenue per user (ARPU) stood at ₹470 per month in Q2 FY27, an increase of ₹5 YoY, while average monthly data consumption per user rose 6% to 436 gigabytes.
The company's broadband segment showed steady growth with broadband revenue increasing 5% to ₹145.9 crore in Q2 FY27. As reported by CNBC TV18, the broadband home-pass footprint stood at 6 million as of September 30, 2026, an increase of 50,000 YoY, with approximately 75% available for fibre-to-the-home (FTTH) conversion. The completion of the ACT Group transaction added approximately 6 lakh subscribers across Andhra Pradesh, Telangana, Odisha and Karnataka, strengthening market presence and expanding operating scale.
Commenting on the results, Anirudhsinh Jadeja, managing director of GTPL Hathway, emphasized the company's focus on expanding footprint and operational scalability. According to CNBC TV18, Jadeja highlighted that the completion of the ACT Group transaction added approximately 6 lakh subscribers across Andhra Pradesh, Telangana, Odisha and Karnataka, strengthening market presence and expanding operating scale. He stated that the company's focus would be on effective integration of acquired operations, strengthening presence across markets, expanding broadband business, and improving overall operational economics. The management expressed confidence in the company's increasing scale, wider footprint, and integrated digital TV and broadband capabilities providing a platform for long-term value creation.
