GTPL Hathway (GTPL) Q4 24/25 earnings summary

Executive summary

• Retained position as the largest MSO in India, expanding in fixed broadband and digital cable TV, with active cable TV subscribers at 9.60 million and broadband subscribers at 1.045 million, both increasing year-over-year.

• Focused on consumer-centric products, bundled services, and regional content to enhance customer experience and rural market penetration.

• Board recommended a 20% dividend of face value (INR 2 per share) for FY2025, subject to shareholder approval, continuing an 8-year history of consistent payouts.

• Audited standalone and consolidated financial results for FY25 were approved, with statutory auditors issuing unmodified opinions.

Financial highlights

• Consolidated FY2025 revenue grew 8% to INR 35,072 million; Q4 revenue up 10% YoY to INR 8,989 million.

• Consolidated EBITDA for FY25 was INR 4,625 million (13.2% margin); standalone EBITDA at INR 2,658 million (12% margin).

• Consolidated net profit for FY25 was INR 492 million, down from INR 1,117.90 million in FY24; standalone net profit at INR 478 million.

• Broadband ARPU for Q4 FY2025 at INR 465, up INR 5 YoY; average broadband data consumption per month rose 11% YoY to 396 GB.

• Standalone cash and cash equivalents at year-end were INR 133.87 million; consolidated cash and cash equivalents were INR 241.88 million.

Outlook and guidance

• Targeting improved subscriber additions in both cable TV and broadband for FY2026, with a focus on underpenetrated and rural markets.

• Aims to return to 18% revenue CAGR and 9% EBITDA CAGR, in line with historical performance.

• Operational EBITDA margin expected to be maintained in the 22%-24% range.

• Strategic focus includes expanding bundled services, regional content, and leveraging government digital infrastructure initiatives.