GTPL Hathway (GTPL) investor relations material

Executive summary

• Maintained leadership as India's largest MSO in digital cable TV and a top private wireline broadband provider, with stable cable TV subscribers and growth in broadband despite a competitive landscape.

• Expanded digital cable TV and broadband footprint to 1,500+ towns across 26 states, connecting over 12 million households.

• Board approved unaudited standalone and consolidated financial results for Q1 FY26 and re-appointed the Managing Director for a further three-year term.

• Launched new bundled services and consumer-facing app, GTPL Buzz, to enhance customer engagement.

Financial highlights

• Consolidated total income/revenue grew 7% year-over-year and 1% sequentially to INR 9,091 million for Q1 FY26.

• Standalone revenue rose 10% year-over-year and 5% sequentially to INR 9,900 million; standalone EBITDA at INR 592 million (9.9% margin), net profit INR 56 million.

• Consolidated EBITDA reached INR 1,123 million with a margin of 12.4%; net profit stood at INR 105 million.

• Standalone net profit for Q1 FY26 was Rs. 56.25 million, down from Rs. 150.23 million in Q1 FY25.

• Basic and diluted EPS (consolidated) for Q1 FY26 was Rs. 0.94, compared to Rs. 1.27 in Q1 FY25.

Outlook and guidance

• Double-digit revenue growth expected to continue, though 20% annual growth seen two to three years ago may be challenging to replicate.

• Operating EBITDA margin targeted to return to 23–25% as new platform launches and subscriber base expands.

• Launch of the new platform anticipated by end of the current or early next quarter.

• Management remains confident in defending ongoing regulatory demands and has not made provisions for contingent liabilities related to license fee disputes.

• Continued focus on expanding broadband and cable TV subscriber base, especially in rural and underpenetrated markets.