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 as of March 31, 2025.

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

• Board recommended a 20% dividend of face value (INR 2 per share) for FY2025, continuing a consistent payout history.

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

Financial highlights

• Consolidated FY2025 revenue grew 8% YoY to INR 35,072 million; standalone revenue up 8% to INR 22,230 million.

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

• Net profit attributable to parents for FY25 was INR 4,709 million; standalone PAT was INR 477 million.

• Standalone and consolidated net profits declined YoY; standalone EPS for FY25 was Rs. 4.25, consolidated EPS was Rs. 4.26.

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

Outlook and guidance

• Targeting improved subscriber additions in both cable TV and broadband for FY2026, with a focus on India's low fixed broadband penetration and industry consolidation.

• Aims to return to historical CAGR: 18% revenue and 9% EBITDA; operational EBITDA margin expected to remain in the 22%-24% range.

• Strategic focus on expanding bundled services, regional content, and rural market penetration.

• Broadband revenue CAGR of 17% over four years; expects to return to double-digit growth.

• Board recommended a dividend of Rs. 2.00 per equity share for FY25, subject to shareholder approval.