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GTPL Hathway Results: Latest Quarterly Results & Analysis

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GTPL Hathway Ltd. 15 Oct 2025 10:58 AM
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Q2FY26 Quarterly Result Announced for GTPL Hathway Ltd.

Broadcasting & Cable TV company GTPL Hathway announced Q2FY26 results

Q2FY26 Financial Highlights:

  • Q2FY26 Total revenue stood at Rs 9,649 million, a growth of 6% QoQ & 12% YoY.
  • EBITDA for Q2FY26 was Rs 1,101 million with an EBITDA Margin of 11.4% & an Operating EBITDA Margin of 22%.
  • Q2FY26 Profit After Tax stood at Rs 93 million compared to Rs 129 million during Q2FY25.

Operational Highlights:

  • Digital Cable TV:
    • Active subscribers were 9.50 million as of September 30, 2025.
    • Paying subscribers stood at 8.80 million as of September 30, 2025.
    • Subscription revenue from Cable TV stood at Rs 3,024 million for Q2FY26.
  • Broadband:
    • Increase in broadband subscribers by 10K YoY thus standing at 1050K.
    • Broadband revenue increased by 2% YoY to Rs 1,393 million for Q2FY26.
    • Homepass as on September 30, 2025, stood at 5.95 million, out of which 75% is available for FTTX conversion.
    • Broadband Average Revenue Per User (ARPU) stood at Rs 465 per month per subscriber, increased by Rs 5 YoY.
    • Average data consumption per user per month was 410 GB, an increase of 17% YoY.

Anirudhsinh Jadeja, Managing Director, GTPL Hathway, said: “I am pleased to share that we have sustained our subscriber base across both Cable TV and Broadband businesses, reflecting continued customer trust and operational resilience in a competitive environment.

Our focus on enhancing customer experience continues to drive us to expand beyond traditional Cable TV and Broadband offerings by layering OTT, Gaming, TV Everywhere and a combination of these services to meet diverse content preferences.

The Company remains committed to driving efficiency, customer acquisition and retention through value accretive products and services, while leveraging technology and maintaining prudent financial discipline.“

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Broadcasting & Cable TV company GTPL Hathway announced Q1FY26 results

Q1FY26 Financial Highlights:

  • Q1FY26 Total revenue stood at Rs 9091 million, a growth of 7% YoY.
  • EBITDA for Q1FY26 was Rs 1123 million with an EBITDA Margin of 12.4% & an operating EBITDA margin of 22%.
  • Q1FY26 Profit After Tax stood at Rs 105 million

Operational Highlights:

  • Digital Cable TV:
    • Active subscribers were 9.60 million as of June 30, 2025.
    • Paying subscribers stood at 8.90 million as of June 30, 2025.
    • Subscription revenue from Cable TV stood at Rs 3018 million for Q1FY26.
  • Broadband:
    • Increase in broadband subscribers by 20K YoY thus standing at 1050K.
    • Broadband revenue increased by 1% to Rs 1359 million for Q1FY26 YoY.
    • Homepass as on June 30, 2025, stood at 5.95 million – an addition of 50K YoY. Of the 5.95 million, 75% available for FTTX conversion.
    • Broadband average revenue per user (ARPU) stood at Rs 465 per month per subscriber, increased Rs 5 YoY.
    • Average data consumption per user per month was 410 GB, an increase of 17% YoY

Anirudhsinh Jadeja, Managing Director, GTPL Hathway, said: “It pleases me to report that the company has sustained its subscriber base across both our Cable TV and Broadband businesses, demonstrating operational resilience in a dynamically evolving and competitive industry landscape. This consistency reflects the strength of our customer relationships, the reliability of our service offerings, and the agility of our teams to adapt in a challenging environment.

Looking ahead, the upcoming financial year will be pivotal for us. We are set to advance our capabilities in the distribution of television services, where we expect to realize tangible benefits over the medium term. Our long-term strategies remain firmly focused on sustainable growth, digital transformation, and delivering enhanced value to our customers.

We continue to invest in upgrading our infrastructure, deploying emerging technologies, and innovating with consumer-centric solutions to meet the evolving demands of our subscribers. As the industry transitions, we remain optimistic about tapping into new opportunities while strengthening our core operations.”

Result PDF

Broadcasting & Cable TV company GTPL Hathway announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • Q4FY25 Total revenue stood at Rs8,989 million, a growth of 10% YoY.
  • EBITDA for Q4FY25 stood at Rs 1,144 million with an EBITDA Margin of 12.7%.
  • EBITDA margin: 22% for Q4FY25.
  • Q4FY25 Profit After Tax stood at Rs 105 million and the same for FY25 is Rs 479 million.

FY25 Financial Highlights:

  • FY25 revenue stood at Rs 35,072 million a growthof 8% annually and Broadband Revenue grew by 4% annually.
  • For the full year, EBITDA stands at Rs 4,625 million with EBITDA Margin of 13.2% with an operating margin of 22%.
  • For FY25, the board of directors has recommended a dividend of Rs 2/- per share (20% of Face value).

Anirudhsinh Jadeja, Managing Director, GTPL Hathway, said: “It pleases me to report that the company has sustained its subscriber base across both business divisions reflecting the resilience within operations in an overall challenging industry environment. We continue to remain optimistic about our long-term strategies and our initiatives to capitalize on the evolving consumer trends.

The upcoming financial year will be pivotal as we look to enhance our capabilities for distribution of TV services with material benefits expected to accrue over the medium term. We are constantly enhancing the ambit of our offerings, upgrading and implementing technological innovations and focusing on providing consumer centric services. We will continue to evaluate opportunities for growth across our businesses.”

Result PDF

Broadcasting & Cable TV company GTPL Hathway announced Q3FY25 results

Financial Highlights:

  • Q3FY25 Total revenue stood at Rs 8,957 million, a growth of 4% YoY.
  • EBITDA for Q3FY25 stood at Rs 1,138 million with an EBITDA Margin of 12.7 % and an operating EBITDA margin of 21.8%.
  • Q3FY25 Profit After Tax stood at Rs 102 million.

Operational Highlights:

  • Digital Cable TV:
    • Active subscribers were 9.60 million as of December 31, 2024, with an increase by 200K YoY.
    • Paying subscribers stood at 8.90 million, increasing by 200K YoY.
    • Total subscription revenue from Cable TV stood at 3024 million.
  • Broadband:
    • Increase in broadband subscribers by 37 K YoY thus standing at 1,042 K.
    • Homepass as on December 31, 2024, stood at 5.95 million – an addition of 350 K YoY. Of the 5.95 million, 75% available for FTTX conversion.
    • Broadband average revenue per user (ARPU) stood at Rs 465 per month per subscriber for the quarter, increased by Rs 5 YoY.
    • Average data consumption per user per month was 365 GB, an increase of 6% YoY.

Anirudhsinh Jadeja, Managing Director, GTPL Hathway, said: "GTPL continues to consistently grow subscriber base across both business divisions, reflecting our commitment to provide best in class and innovative products and services to our customers. Our focus on providing a holistic experience for our subscribers has enabled us to maintain our position as the largest MSO in the country. We are confident of our growth in upcoming quarters in both the business segments based on favorable industry dynamics towards continued consolidation.”

Result PDF

Broadcasting & Cable TV  company GTPL Hathway announced Q2FY25 results

Financial Highlights:

  • Q2FY25 Total revenue stood at Rs 8,620million, a growth of 9% YoY.
  • EBITDA for Q2FY25 stood at Rs 1,138 million with an EBITDA Margin of 13.2% and an operating EBITDA margin of 22%.
  • Q2FY25 Profit After Tax stood at Rs 129 million.

Operational Highlights:

Digital Cable TV:

  • Active subscribers were 9.50 million as of September 30, 2024 with an increase by 100K YoY.
  • Paying subscribers stood at 8.80 million; increasing by 100K YoY.
  • Launched revamped website (www.gtpl.net) with a clutter-free, minimalistic and user friendly UI.
  • Launched “GTPL Buzz”, GTPL’s customer application, featuring a new and easy to navigate design and a host of new features  including TV Everywhere, Cloud Gaming, etc.
  • The new customer direct touchpoints have been designed for a consistent user experience and to deliver seamless interaction across  platforms and devices.

Broadband:

  • Increase in broadband subscribers by 50K YoY thus standing at 1040K.
  • Homepass as on September 30, 2024, stood at 5.95 million – an addition of 400K YoY. Of the 5.95 million, 75% available for FTTX conversion.
  • Broadband average revenue per user (ARPU) stood at Rs 460 per month per subscriber for the quarter.
  • Average data consumption per user per month was 350 GB, an increase of 13% YoY.

Commenting on the results, Anirudhsinh Jadeja – Managing Director, GTPL Hathway said,: “GTPL maintains its stronghold as the largest MSO of India with a commitment to meet all entertainment and connectivity needs of our valued customers, driven by a strong focus on innovation and enhancing the customer experience.


In line with this vision, GTPL launched the customer app 'GTPL Buzz' and its revamped website (www.gtpl.net) during the quarter. These customer touchpoints have been designed for a consistent user experience and to deliver seamless interaction across platforms and devices. The launches are significant with a suite of services including ‘TV Everywhere’, ‘Blacknut Cloud Gaming’ and ‘Distro TV’, being made available to our customers while integrating GTPL’s AI enabled chatbot ‘GIVA’ for sales as well as support.
Broadband business is witnessing healthy subscriber growth, propelled by both direct customer additions and with strategic use of our extensive partner network to expand. In the cable business, our efforts are focused on growing our subscriber base through a mix of organic growth and industry consolidation via acquisitions of existing operators and MSOs. This dual strategy strengthens our market position and builds on our success.


We look forward to continue delivering value to our subscribers and stakeholders.”

Result PDF

Broadcasting & Cable TV company GTPL Hathway announced Q1FY25 results:

Financial Highlights:

  • Q1FY25 revenue stood at Rs 8,506 million - a growth of 4% QoQ and 9% YoY; Subscription Revenue increased by 7% YoY.
  • EBITDA for Q1 FY25 stood at Rs 1,205 million. EBITDA Margin was 14.20%.
  • Q1FY25 Profit After Tax stood at Rs 143 million an increase of 12% QoQ.
  • India Ratings affirmed GTPL Hathway and its debt facilities at ‘IND AA-’/Stable

Business Highlights:

Digital Cable TV:

  • Active subscribers were 9.60 million as of 30th June 2024 – it saw an increase by 100K QoQ and 550K YoY
  • Paying subscribers stood at 8.90 million; increasing by 100K QoQ and 600K YoY
  • Subscription revenue increased by 7% YoY to Rs 3,193 million

Broadband:

  • Increase in broadband subscribers by 10K QoQ and 70K YoY thus standing at 1030K
  • Homepass as on June 30, 2024, stood at 5.90 million – an addition of 500K YoY. Of the 5.90 million, 75% available for FTTX conversion
  • The Broadband average revenue per user (ARPU) stood at Rs 460 per month per subscriber for the year
  • Average data consumption per user per month at 350GB, an increase of 13% YoY

Commenting on the Results, Anirudhsinh Jadeja –Managing Director, GTPL Hathway Limited said, “I am pleased to announce that the Company has reported a consistent performance for the quarter driven by focus on operational efficiency and rising subscribers’ traction in the Cable TV segment aided by sporting events such as IPL and Cricket World Cup. The recent round of price hikes announced by all major telcos make the prospect of private wireline broadband at home even more appealing thus making our offering in the broadband segment even more competitive.”

Our strategy for the ensuing year would be to continue building on the existing businesses and carrying the momentum in scaling up both the segments with a focus on efficient operations that ensure consistent and reliable delivery of services to all existing and new customers.

Result PDF

Broadcasting & Cable TV company GTPL Hathway announced Q4FY24 & FY24 results:

Financial Performance Summary:

  • Q4FY24:
    • Digital Cable TV Revenue: Recorded Rs 3,148 million, marking a 14% increase from the Rs 2,753 million reported in Q4FY23.
    • Broadband Revenue: Generated Rs 1,308 million, showing a 5% growth compared to the Rs 1,246 million in Q4FY23.
    • Total Revenue: Amounted to Rs 8,148 million, up by 16% from Rs 7,017 million in Q4FY23.
    • EBITDA: Stood at Rs 1,198 million, reflecting an 8% increase from Rs 1,112 million in Q4FY23.
    • EBITDA Margin: Reported at 14.7%, down from 15.9% in Q4FY23.
    • Operating EBITDA Margin: Remained stable at 23%.
    • Profit After Tax: Amounted to Rs 128 million, compared to a loss of Rs 124 million in Q4FY23.
  • FY24:
    • Digital Cable TV Revenue: Achieved Rs 12,604 million, showing a 15% increase from the Rs 11,005 million reported in FY23.
    • Broadband Revenue: Reached Rs 5,268 million, indicating a 9% growth compared to the Rs 4,826 million in FY23.
    • Total Revenue: Summed up to Rs 32,460 million, up by 20% from Rs 27,140 million in FY23.
    • EBITDA: Amounted to Rs 5,111 million, slightly lower than the Rs 5,163 million recorded in FY23.
    • EBITDA Margin: Reported at 15.7% for FY24, down from 19.0% in FY23.
    • Operating EBITDA Margin: Remained at 24%, a decrease from 26% in FY23.
    • Profit After Tax: Recorded Rs 1,069 million for FY24, slightly lower than the Rs 1,145 million reported in FY23.

Operational Performance Summary:

  • Digital Cable TV: The number of active subscribers reached 9.50 million, with a YoY addition of 5,50,000 subscribers. Paying subscribers saw an increase of 6,00,000, reaching 8.80 million.
  • Broadband: Active broadband subscribers grew to 1,020K, a YoY increase of 1,00,000. The homepass, accounting for potential broadband connections, stood at 5.80 million, expanding by 5,00,000 YoY. Moreover, there was a significant 10% annual increase in average data consumption per user, which hit 355GB per month.
  • Average Revenue Per User (ARPU): The Broadband segment observed an ARPU of Rs 460 per month per subscriber for the year.

Commenting on the results, Anirudhsinh Jadeja – Managing Director, GTPL Hathway said, “At the close of the financial year, we reflect on our achievements with a renewed sense of purpose. We have strengthened our position as India's leading MSO gaining half a million active subscribers in Digital Cable TV and crossing the landmark of one million active subscribers in Broadband. We anticipate sustained growth in the Digital Cable TV sector, encouraged by market shifts favoring larger, organized MSOs like ours. The Broadband segment is also poised for even greater expansion in the coming year, driven by the increasing digital needs of consumers who seek dependable wired connectivity.

Our long-term strategy involves bundling of all existing verticals along with add-ons of TV Everywhere, Gaming and other services to provide a holistic, comprehensive solution to our customer’s media consumption needs. Our goal is to deeply embed ourselves in our customers' lives, positioning our brand as a service provider that seamlessly combines the best of entertainment and connectivity.”

Result PDF

Broadcasting & Cable TV company GTPL Hathway announced consolidated Q3FY24 results:

Financial Highlights:

  • Total Revenue: Q3FY24 revenue stood at Rs 8,607 million, reflecting a growth of 9% QoQ and 22% YoY.
  • Subscription Revenue: Increased by 1% QoQ and 17% YoY, reaching Rs 3,249 million.
  • Broadband Revenue: Reported as Rs 1,352 million, a noticeable growth trend.
  • EBITDA: For Q3FY24, EBITDA (including other income) was recorded at Rs 1,305 million.
  • Profit After Tax (PAT): The company’s profit after tax for the quarter was Rs 238 million.
  • EBITDA Margin: The EBITDA margin for the quarter stood at 15.2%.
  • Operating EBITDA Percentage: The Operating EBITDA percentage was measured at 24%.

Subscriber and Operational Performance:

  • Digital Cable TV Subscribers: Active subscribers increased by 500K YoY totaling 9.40 million.
  • Broadband Subscribers: Broadband active subscribers reached a milestone of 1.005 million (1005 K), with an increase of 12% YoY.
  • Cable TV Revenue: Revenue from Cable TV operations reported an increase of 21% YoY and 4.2% QoQ.
  • Broadband Homepass: As of December 31, 2023, the homepass stood at 5.60 million, with an addition of 450K YoY.
  • Broadband ARPU: The Broadband average revenue per user (ARPU) remained steady at Rs 460 per month per subscriber.
  • Data Consumption: The average data usage per broadband subscriber is 345 GB per month, showing a growth of 11% YoY.

Commenting on the results, Anirudhsinh Jadeja, Managing Director, GTPL Hathway said, “Q3FY24 was memorable for us as a team as we hit the unique milestone of reaching 1 Million Active Subscribers in our Broadband Division. We foresee tremendous growth opportunities in this division overall as more homes get access to wired broadband. In the Digital Cable TV business, we continue to evaluate new opportunities while strengthening our presence in our existing markets.

During the quarter we appointed Mr. Saurav Banerjee a Chartered Accountant by profession as our CFO who replaces Mr. Anil Bothra whom we thank for his services to the company.”

Result PDF

Broadcasting & Cable TV company GTPL Hathway announced Q2FY24 results:

1. Financial Performance:
- GTPL Hathway recorded its highest quarterly revenues from operations in Q2FY24, reaching Rs 7,900 million, marking a 1% QoQ growth and a significant 19% YoY growth.
- Digital Cable TV revenue stood at Rs 3,226 million, showing a 2% QoQ growth and a robust 17% YoY growth.
- Broadband revenue grew to Rs 1,317 million, reflecting a 10% QoQ growth and an impressive 20.9% YoY growth.
- Subscription revenue increased by 8% QoQ and 17% YoY, indicating a strong customer base.

2. Broadband Business:
- GTPL Hathway experienced an increase of 120,000 broadband subscribers YoY, with a total of 9,90,000 active subscribers as of September 30, 2023.
- Homepass, the potential subscriber base for broadband, reached 5.55 million, allowing for further growth and expansion opportunities.
- The average revenue per user (ARPU) for the broadband business remained stable at Rs 460 per month per subscriber, indicating a consistent performance.
- The average data consumption per user per month increased by 25% YoY, reaching 310 GB, highlighting the growing demand for high-speed internet services.

3. Digital Cable TV:
- The active subscriber base for digital cable TV increased by 3,50,000 QoQ and 8,00,000 YoY, demonstrating strong customer acquisition and retention.
- GTPL Hathway expanded its footprint in various states, including Andhra Pradesh, Telangana, Tamil Nadu, North-East, Delhi, Haryana, and Uttarakhand, to enhance its service reach.
- Digital cable TV subscription revenue grew by 2% QoQ and a substantial 16% YoY, indicating a continued revenue growth trajectory.
- The company onboarded Kartik Aaryan and Rashmika Mandanna as brand ambassadors, bringing renewed energy to the brand.

Anirudhsinh Jadeja, Managing Director, said, "GTPL strengthened its leadership position and continued to be the largest MSO and a leading wireline broadband service provider in the country during the quarter. The company is continuously expanding and working towards further strengthening its market leadership across its areas of operation.

During the quarter, the company onboarded Kartik Aaryan and Rashmika Mandanna as its new brand ambassadors who bring fresh energy to the brand."

 

 

Result PDF

Broadcasting & Cable TV company GTPL Hathway announced Q1FY24 results:

  • Q1FY24 Revenue stood at Rs 7,806 million - a growth of 11% QoQ and 21% YoY; Subscription Revenue increased by 8% QoQ and 9% YoY
  • Q1FY24 Profit After Tax stood at Rs 360 million
  • CATV business active subscribers grew by 650K YoY; Active subscribers stood at 9.05 million as on 30-Jun-23
  • Broadband business active subscribers grew by 115K YoY; Active subscribers stood at 960K & Homepass stood at 5.40 million as on 30-Jun-23
  • ARPU for broadband business is at Rs 460/- increased by Rs 10/- YoY
  • Acquired 34.34% of Metro Cast Network India Private Limited to boost presence in key existing markets of Maharashtra and Karnataka

Commenting on the Results, Anirudhsinh Jadeja – Managing Director GTPL Hathway said, “GTPL continues to be the largest MSO in the country and the largest Digital Cable TV & Broadband player in Gujarat. We are consistently adding active subscriber base in both business segments and our goal will be to ensure that the Company stays firmly on this path of growth while ensuring we serve our customers’ expectations well”.

 

Result PDF

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