GTPL Hathway FY26 Results: Revenue ₹37,466 Million, 7% YoY Growth
RESULTS
▲ Positive Development
MEDIUM RISK
📅 Filed on BSE: 15 Apr 2026, 10:04 PM IST · BSE ID: 9a05a210-4324-4f69-9296-f89479f6db90
View Original BSE Filing (PDF)
💡
In Simple Terms
GTPL Hathway reported full-year profits of ₹4,321 Million with revenue growing 7%, serving 9.40 million cable TV customers and 1.06 million broadband users, and will pay shareholders ₹2 dividend per share.
🤖 AI Summary
- FY26 total revenue ₹37,466 Million, up 7% YoY; Q4 revenue ₹9,344 Million up 4% YoY
- EBITDA ₹4,321 Million for FY26 with 11.5% margin; Q4 EBITDA ₹908 Million at 9.7% margin
- Digital Cable TV subscribers 9.40 Million; Broadband subscribers 1.06 Million as of March 31, 2026
- Board recommended dividend ₹2 per share; Broadband ARPU ₹465 per month per subscriber
- Launched GTPL Infinity HITS platform backed by C-Band teleport in Ahmedabad; covers ~800 channels
🔢 Key Numbers — exact figures from BSE filing, not rounded
FY26 Total Revenue
₹37,466 Million
7%
Q4 FY26 Total Revenue
₹9,344 Million
4%
FY26 EBITDA
₹4,321 Million
Digital Cable TV Revenue FY26
₹11,862 Million
Broadband Revenue FY26
₹5,580 Million
2%
Digital Cable TV Active Subscribers
9.40 Million
Broadband Active Subscribers
1.06 Million
Broadband Homepass
5.95 Million
Dividend Recommended
₹2 per share
Broadband ARPU
₹465 per month
🏢 How This Affects the Company
Revenue growth of 7% annually to ₹37,466 Million with broadband segment contributing ₹5,580 Million up 2% YoY. Digital Cable TV revenue ₹11,862 Million. Launch of GTPL Infinity HITS platform expands distribution ecosystem with 24-hour deployment capability and nationwide coverage of ~800 channels.
FY26 EBITDA ₹4,321 Million with operating EBITDA margin of 22% reflects operational efficiency. EBITDA margin of 11.5% for full year. Dividend recommendation of ₹2 per share distributes earnings to shareholders.
Broadband homepass footprint expanded to 5.95 Million as of March 31, 2026, with ~75% available for FTTX conversion. Data consumption per user increased 10% YoY to 436 GB monthly in Q4 FY26. GTPL Infinity platform operational with world-class C-Band teleport infrastructure.
Q4 EBITDA margin declined to 9.7% from 12.7% in Q3 FY26 and Q4 FY25, signalling margin compression in final quarter. Broadband subscriber addition of 15K YoY remains modest relative to homepass expansion potential.
👥 What This Means For Shareholders
✅
Action Required
No action required at this stage. Monitor ex-dividend date announcement for dividend record and payment.
👤
Who Is Affected
All equity shareholders receive dividend of ₹2 per share as recommended by board. Dividend record date and payment date to be announced separately.
🔍
Management Signal
Recommended dividend of ₹2 per share reflects confidence in FY26 earnings and capital adequacy. Focus on expanding broadband penetration and TV distribution ecosystem signals long-term growth orientation.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Dividend record date and payment date announcement — check timeline for settlement
Q1 FY27 results tracking revenue growth sustainability and margin recovery above 11.5%
GTPL Infinity platform adoption metrics and channel onboarding progress in next quarterly disclosure
MEDIUM RISK
Q4 EBITDA margin compression to 9.7% from 12.7% signals profitability pressure. Broadband segment growth of 2% annually trails homepass expansion, indicating execution risk on footprint monetization.
💡 Investor Takeaway
FY26 revenue reached ₹37,466 Million with 7% YoY growth; EBITDA ₹4,321 Million at 11.5% margin. Broadband segment grew 2% to ₹5,580 Million. Digital Cable TV anchors earnings with ₹11,862 Million revenue. Board recommended ₹2 per share dividend.
⚖️ Strengths & Concerns
✅ Positives
- FY26 EBITDA ₹4,321 Million with 22% operating margin reflects strong operational leverage in core business.
- Broadband homepass footprint 5.95 Million with 75% available for FTTX conversion indicates significant expansion runway.
⚠️ Concerns
- Q4 EBITDA margin compressed to 9.7% from 12.7% prior quarter, indicating seasonal or cost pressure.
- Broadband subscriber growth of 15K YoY on 5.95 Million homepass suggests slow monetization of available footprint.
📅 Company Track Record
FY26 audited results show clean audit opinion with dividend recommendation. Company is India's largest Multi-System Operator for Digital Cable TV with operations across 26 States and 4 Union Territories. Prior filing context shows ₹9,754.15 Million DOT dispute contingent liability remains unresolved.
Based on publicly available historical data. For context only.