GTPL Hathway Reports Strong 12% YoY Revenue Growth in Q2 FY26 Amid Profitability Challenges

Image Source : Indian Broadcasting World

GTPL Hathway Ltd posted a robust 12% year-on-year revenue increase to ₹959.05 crore in Q2 FY26, driven by cable TV and broadband segments. However, net profit fell sharply by 28.1% to ₹92 crore amid margin pressures and higher operational costs, reflecting industry-wide challenges.

GTPL Hathway Limited, a leading cable and broadband service provider in India, announced its financial results for the second quarter ended September 2025. The company recorded consolidated revenue of ₹959.05 crore, reflecting a healthy 12.1% year-on-year growth and a 6.12% sequential increase from Q1 FY26.

The revenue boost was largely supported by the cable TV business, which generated ₹802.64 crore, while the broadband segment contributed ₹140.11 crore. This steady income was complemented by growing subscriber bases—9.5 million for digital cable and 1.05 million for broadband—as well as expansion into new regions.

However, despite the top-line growth, GTPL witnessed profitability pressure, with net profit dropping by 28.1% year-on-year to ₹92 crore mainly due to rising expenses, including depreciation and finance charges. EBITDA contracted 2.4% to ₹1,044 crore, with margins compressing by 168 basis points to 10.87%.

Key Highlights and Important Points

Revenue Growth: Consolidated revenue rose 12.1% year-on-year to ₹959.05 crore, showing strong business traction.
Profit Decline: Net profit was down 28.1% to ₹92 crore owing to margin pressures and higher expenses.
Segment Performance: Cable TV revenue ₹802.64 crore; broadband revenue ₹140.11 crore with steady subscriber additions.
Subscriber Base: 9.5 million digital cable and 1.05 million broadband subscribers as of Q2 FY26.
EBITDA Margin: Margin contracted by 168 basis points to 10.87% highlighting cost pressures.
Expansion Plans: GTPL expanded into Arunachal Pradesh and plans further growth across India’s states.

Conclusion

GTPL Hathway’s Q2 FY26 results show a promising upward revenue trajectory driven by cable and broadband services, balanced by challenges in profitability due to cost escalation. Focus on operational efficiency and market expansion will be key for the company’s medium-term outlook in an increasingly competitive market.

Sources: Angel One, Markets Mojo, Rediff, Business Standard, ScanX Trade

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