GTPL Hathway (GTPL) Q1 26/27 earnings summary

Executive summary

• Entered into a business transfer agreement to acquire ACT Group's digital TV business for INR 36.23 crore (Rs 362.30 million), adding 600,000 digital TV subscribers in key southern and eastern markets, with completion expected by September 2026.

• Expanded into Kerala and Jammu & Kashmir, now present in all southern states and targeting further broadband launches.

• Launched GTPL Infinity (HITS platform) for pan-India digital TV content delivery, enabling nationwide reach and cost efficiencies.

• Appointed a new CEO for the broadband business to drive focused growth in B2B and B2C segments.

• Standalone and consolidated unaudited financial results for Q1 FY27 were approved and reviewed by the Board and Audit Committee.

Financial highlights

• Consolidated total income for Q1 FY27 was INR 1,020 crore (Rs 10,199 Mn), up 12% year-over-year and 9% sequentially.

• Standalone revenue grew 16% YOY and 12% sequentially to INR 693 crore (Rs 6,877.25 million); standalone EBITDA margin was 9.3%.

• Consolidated EBITDA stood at INR 109 crore (₹1,092 Mn) with a margin of 10.7%; net profit was INR 2.3 crore (₹23 Mn).

• PAT for Q1 FY27 was INR 2.3 crore (₹23 Mn), down from INR 10.5 crore (₹105 Mn) in Q1 FY26, due to higher expenses and exceptional items.

• Broadband revenue rose 5% YOY to INR 143 crore; broadband ARPU increased to INR 470.

Outlook and guidance

• Full benefits from the ACT acquisition and HITS platform expected from Q3 and Q4 FY27, with anticipated improvements in revenue, EBITDA, and operational margins.

• Operational margin is expected to rise from 22% to 25% as cost savings from HITS infrastructure materialize.

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