GTPL Hathway (GTPL) Q4 25/26 earnings summary

Executive summary

• Maintained position as largest MSO in India, expanding to 1,500+ towns across 26 states and 4 union territories, connecting over 12 million households.

• Launched GTPL Infinity HITS platform in Q3 FY26 to enhance scalability, speed, and cost efficiency, enabling pan-India digital broadcasting.

• Board recommended a dividend of INR 2.00 per share for FY26, subject to shareholder approval.

• Audited standalone and consolidated financial results for FY26 were approved with an unmodified audit opinion.

• Maintained consistent profitability and dividend payments for the last 8 years.

Financial highlights

• Consolidated revenue for FY26 was INR 37,466 million, up 7% YoY; Q4 revenue rose 4% YoY to INR 9,344 million.

• Broadband revenue for FY26 was INR 5,580 million, up 2% YoY; Q4 broadband revenue up 3% YoY to INR 1,394 million.

• Consolidated EBITDA for FY26 was INR 4,321 million (margin 11.5%); Q4 EBITDA INR 908 million (margin 9.7%).

• Net profit attributable to parent for FY26 was INR 156 million; Q4 saw negative PAT due to one-time items.

• Standalone revenue for FY26 was INR 24,507.81 million, up from INR 21,933.81 million in FY25.

Outlook and guidance

• Expecting subscriber base growth and cost savings from HITS platform starting Q1 FY27.

• CapEx guidance of INR 350 crore per annum for next two years, split equally between growth and maintenance.

• ROCE targeted to return to 15% in next 2–3 years as growth CapEx ramps up.

• Industry consolidation and regulatory changes expected to favor organized players and drive further growth.

• Expansion into rural and underserved markets through HITS platform and government digital initiatives.