Leading cable TV and broadband services provider GTPL Hathway Ltd reported a net loss of ₹15 crore for the fourth quarter, compared with a net profit of ₹10.6 crore in the same period last year. According to reports from CNBC TV18, revenue for the quarter rose 3.7% year-on-year to ₹923.8 crore from ₹890.9 crore, while FY26 revenue increased 7% to ₹3,746.6 crore. The company's shares ended at ₹72.28, up by ₹2.53, or 3.63% on the BSE following the results announcement. As per latest market data, the stock is currently trading in the ₹90-100 range with a market cap of ₹777 crore, showing a 1-year stock return of -36.1%.
EBITDA declined 24.5% to ₹80.3 crore in Q4, compared with ₹106.3 crore in the corresponding quarter last year. As reported by CNBC TV18, EBITDA margin stood at 8.69%, down from 11.9% a year ago. For the full year, EBITDA was ₹432.1 crore with a margin of 11.5% and an operating margin of 22%. The margin compression reflects increased operational costs despite revenue growth, with the company maintaining relatively stable EBITDA margins at 12.7% in Q4 FY26.
Digital cable TV active subscribers stood at 9.40 million as of March 31, 2026, while paying subscribers were at 8.70 million. According to the company's results, subscription revenue from cable TV was ₹285 crore in Q4 and ₹1,186.2 crore for FY26. The cable TV segment continues to be the company's primary revenue driver despite facing competitive pressures in the market, with gradual erosion in active subscriber base from 9.45 million in Q4 FY25.
The broadband subscriber base increased by 15,000 year-on-year to 1.06 million, while broadband revenue rose 3% to ₹139.4 crore in Q4 and stood at ₹558 crore for FY26, up 2% annually. As reported by CNBC TV18, homepass reached 5.95 million, with around 75% available for FTTX conversion. Broadband average revenue per user stood at ₹465 per month, while average data consumption per user was 436 GB in Q4 FY26, an increase of 10% year-on-year. The broadband segment shows steady growth with crossing 1.1 million subscribers indicating meaningful acceleration in the broadband business.
Anirudhsinh Jadeja, Managing Director of GTPL Hathway, stated that the company delivered stable and consistent performance during Q4 FY26 across both Cable TV and Broadband segments. According to the company announcement, the board has recommended a dividend of ₹2 per share for FY26. The management emphasized their focus on enhancing customer experience and driving deeper engagement through value-added offerings such as OTT, Gaming, and TV Everywhere services. Despite regulatory headwinds including a March 2026 GST demand of ₹11.13 crore and the overarching DoT license fee demand exceeding ₹9,754 crore, the company maintains confidence in its dual narrative of cable TV erosion and broadband growth.
