GTPL Hathway Q1 Results: Net profit slumps 78% despite 12% revenue growth

Leading cable TV and broadband services provider GTPL Hathway Ltd on Wednesday (July 15) reported a 78.1% year-on-year decline in net profit to ₹2.3 crore for the quarter ended June 30, 2026, from ₹10.5 crore a year earlier, despite revenue rising 12.2% to ₹1,019.9 crore from ₹909.1 crore.EBITDA declined 2.8% to ₹109 crore from ₹112 crore, while the EBITDA margin narrowed to 10.7% from 12.4% in the corresponding quarter last year.

The company ended the quarter with 9.60 million active Digital TV subscribers and 1.06 million broadband subscribers, while broadband revenue rose 5% YoY to ₹142.5 crore.
ALSO READ | GTPL Hathway shares surge 12% after Q3 results show profit growth, margin expansionIn its Digital TV business, the company had 9.60 million active subscribers as of June 30, 2026, while paying subscribers stood at 8.90 million. Subscription revenue from the Digital TV segment stood at ₹291.3 crore during Q1 FY27.

The broadband business added 10,000 subscribers year-on-year, taking the subscriber base to 1.06 million. Broadband revenue increased 5% YoY to ₹142.5 crore during the quarter. The company’s homepass reached 5.95 million as of June 30, 2026, with around 75% available for Fibre-to-the-X (FTTX) conversion.

Broadband Average Revenue Per User (ARPU) increased by ₹5 year-on-year to ₹470 per month per subscriber, while average data consumption per user rose 6% YoY to 436 GB per month.ALSO READ | GTPL Hathway’s Q4 FY25 revenue rises 10.3%, but net profit declines by 19.7%

Anirudhsinh Jadeja – Managing Director, GTPL Hathway Ltd, said, “Despite the challenging global environment and market uncertainties arising from geopolitical developments, our company delivered a stable performance during the quarter, maintaining its active subscriber base and revenue across both Digital TV and Broadband businesses.

The launch of GTPL Infinity, our HITS platform, marks an important step in strengthening our TV distribution ecosystem. The platform provides a scalable and efficient solution for content distribution across the country. We are witnessing encouraging traction & positive interest in the platform and remain confident about its longterm growth potential.

Our Broadband business continues to be a key growth driver, supported by network expansion, service quality improvements, and increasing demand for high-speed connectivity. As we move forward, we will continue to leverage our strong distribution network, digital service ecosystem, and bundled offerings to drive growth and create lasting value for all stakeholders in both business segments.”

ALSO READ | GTPL Hathway Q4 swings to ₹15 crore loss despite 4% revenue growth

Shares of GTPL Hathway Ltd ended at ₹64.48, up by ₹2.00, or 3.20%, on the BSE.