Multi-system operator GTPL Hathway reported a loss of ₹0.93 crore in profit after tax (PAT) attributable to equity holders of the parent for the September quarter of financial year 2026-27 (Q2 FY27), compared with a profit of ₹9.21 crore in the corresponding quarter last year, marking a decline of 110.10% year-on-year (YoY).
Revenue from operations rose 19.19% YoY to ₹1,143.05 crore from ₹959.05 crore in Q2 FY26. Earnings before interest, tax, depreciation and amortisation (EBITDA) increased 2.88% to ₹107 crore from ₹104 crore, while the EBITDA margin declined to 9.34% from 10.90%.
GTPL Hathway’s total expenses increased 20.53% YoY to ₹1,150.37 crore in Q2 FY27 from ₹954.40 crore in the year-ago quarter.
On the operational front, the company’s active digital cable television subscriber base increased by 1.5 million, or 16%, YoY to 11 million as of September 30, 2026. Paying subscribers rose 17% to 10.3 million.
Digital cable television subscription revenue grew 14% YoY to ₹345.5 crore in Q2 FY27. Broadband revenue increased 5% to ₹145.9 crore, while the broadband subscriber base rose by 20,000 to 1.07 million.
Compared with the June quarter of FY27 (Q1 FY27), PAT attributable to equity holders of the parent fell from a profit of ₹2.32 crore to a loss of ₹0.93 crore, a sequential decline of 140.09%.
Revenue from operations increased 12.57% quarter-on-quarter (QoQ) to ₹1,143.05 crore from ₹1,015.41 crore. Total expenses rose 13.11% to ₹1,150.37 crore from ₹1,017 crore.
Also read: SS Retail Q1 profit rises 37% to ₹23.5 crore, revenue grows 19%
Commenting on the results, Anirudhsinh Jadeja, managing director of GTPL Hathway, said, “In the first half of FY27, we have remained focused on expanding our footprint, improving the scalability of our operations and building a stronger platform across Digital TV and Broadband.”
He added, “The completion of the ACT Group transaction is an important step in this direction. With the addition of approximately 6 lakh subscribers across Andhra Pradesh, Telangana, Odisha and Karnataka, we have further strengthened our presence in these markets and expanded our operating scale.”
GTPL Hathway’s broadband average revenue per user (ARPU) stood at ₹470 per month in Q2 FY27, an increase of ₹5 YoY. Average monthly data consumption per user rose 6% to 436 gigabytes.
The company also reported a broadband home-pass footprint of 6 million as of September 30, 2026, an increase of 50,000 YoY. Approximately 75% of this footprint was available for fibre-to-the-home (FTTH) conversion.
Speaking on the company’s priorities, Jadeja said, “As we move forward, our focus will be on effective integration of the acquired operations, strengthening our presence across markets, expanding our Broadband business and improving the overall economics of our operations.”
He added that the company’s “increasing scale, wider footprint and integrated Digital TV and Broadband capabilities” provided a platform to pursue opportunities and create long-term value for stakeholders.