GTPL Hathway's net profit fell 78.1% to ₹2.3 crore in the June 2026 quarter despite a 12.2% revenue rise to ₹1,019.9 crore. Operational margins narrowed as the company faced rising costs, even while expanding its broadband and digital TV subscriber base.
GTPL Hathway Ltd. reported a sharp decline in profitability for the quarter ending June 30, 2026, despite achieving double-digit revenue growth. The company, which operates in the digital cable television and broadband segments, saw its net profit drop to ₹2.3 crore, down 78.1% from ₹10.5 crore in the same quarter of the previous year. This performance highlights the challenge the company faces in converting higher sales into bottom-line earnings.
Revenue for the quarter grew 12.2% year-on-year to reach ₹1,019.9 crore, compared to ₹909.1 crore in the corresponding period of 2025. However, operational efficiency metrics indicated pressure during the period. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) fell 2.8% to ₹109 crore. This resulted in an EBITDA margin compression, falling to 10.7% from 12.4% in the year-ago period, suggesting that operating expenses grew at a faster rate than the company's income.
Segment Performance and Subscriber Trends
The company’s subscriber metrics remained stable, with 9.60 million active digital TV subscribers, of which 8.90 million are paying users. The digital TV segment generated subscription revenue of ₹291.3 crore. In the broadband business, GTPL added 10,000 new subscribers, bringing the total base to 1.06 million. Revenue from broadband services rose 5% to ₹142.5 crore, supported by an increase in the Average Revenue Per User (ARPU) to ₹470 per month. Additionally, data consumption per user increased 6% to 436 GB per month, reflecting steady usage patterns.
Strategic Focus and Future Outlook
Management noted that the company is navigating a difficult economic environment. Managing Director Anirudhsinh Jadeja emphasized that the focus remains on maintaining subscriber numbers while investing in network expansion. The company is currently working on converting its existing homepass network—which spans 5.95 million homes—to Fibre-to-the-X technology, with about 75% of the infrastructure already prepared for this transition. The company has also introduced the GTPL Infinity HITS platform, aiming to strengthen its presence in the TV distribution market.
Investors may monitor how effectively the company can manage its operating costs in future quarters to stabilize profit margins. Key areas to watch include the speed of Fibre-to-the-X network adoption, the sustainability of ARPU growth in the broadband division, and the company's ability to improve operational profitability amidst ongoing competition and rising infrastructure spending.