GTPL Hathway (GTPL) Q3 25/26 earnings summary

Executive summary

• Launched GTPL Infinity, a Headend-in-the-Sky (HITS) platform, enabling rapid, cost-effective pan-India TV and broadband expansion.

• Sustained leadership in digital cable TV and continued broadband subscriber growth, with a focus on both organic and inorganic expansion.

• Achieved total revenue of ₹9,382 million in Q3 FY26, up 5% year-over-year, with ISP revenue rising 4% year-over-year and 3% sequentially.

• EBITDA reached ₹1,189 million, up 8% sequentially and 4% year-over-year, with a margin of 12.7%.

• Standalone and consolidated unaudited financial results for the quarter and nine months ended December 31, 2025, were approved and reviewed by the Board and Audit Committee, with a limited review by statutory auditors.

Financial highlights

• Consolidated revenue for Q3 FY26 grew 5% year-over-year to INR 9,382 million.

• Broadband revenue rose 4% year-over-year and 3% sequentially to INR 1,433 million.

• Consolidated EBITDA reached INR 1,189 million, with a margin of 12.7%.

• Net profit increased 19% quarter-on-quarter and 9% year-over-year to INR 1,111 million.

• Standalone revenue up 9% year-over-year to INR 6,148 million; standalone EBITDA margin at 9.6%.

Outlook and guidance

• Targeting a return to 11-12% CAGR in revenue and subscriber base, and 13-14% CAGR in EBITDA, post HITS rollout.

• HITS platform expected to drive expansion into rural, cable-dark, and underserved markets, supporting future growth.

• Expecting margin improvement and cost savings as HITS platform benefits materialize over the next year.

• No significant incremental CapEx required for HITS; platform already established.

• Management remains confident in defending ongoing regulatory demands and expects no immediate financial outflow related to contingent liabilities.