GTPL Hathway, one of India’s largest cable TV and broadband service providers, reported a mixed performance in the first quarter of FY26. While the company registered a 7.15% year-on-year (YoY) growth in revenue from operations, touching ₹903.69 crore, its EBITDA declined by 6.8% to ₹112.3 crore, down from ₹120.5 crore in the same quarter last year.
The EBITDA margin contracted to 12.4% in Q1 FY26, compared to 14.2% in Q1 FY25, reflecting pressure on operational efficiency despite topline growth.
📊 Segment-Wise Performance:
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Cable TV business revenue rose 7.68% YoY to ₹747.66 crore, remaining the primary contributor to GTPL’s revenue.
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Internet services saw modest growth, with revenue increasing 1% YoY to ₹136.76 crore.
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Project revenue (including operations & maintenance) recorded a strong 36.15% YoY growth, reaching ₹24.10 crore.
📡 Subscriber Metrics:
As of 30 June 2025, GTPL reported:
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9.60 million active Digital Cable TV subscribers, with 8.90 million paying subscribers.
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Broadband subscriber base grew by 20,000 YoY, reaching 1.05 million.
The company’s broadband revenue stood at ₹135.9 crore, up 1% YoY. Broadband ARPU (average revenue per user) increased by ₹5 YoY to ₹465/month, and average data consumption rose by 17% YoY, reaching 410 GB per user per month.
GTPL’s homepass network expanded to 5.95 million homes, up 50,000 YoY, with 75% now ready for FTTX (Fiber to the X) conversion.
🧑💼 Leadership Update:
GTPL’s board approved the re-appointment of Anirudhsinh Jadeja as Managing Director for a further period of three years, starting 8 December 2025, subject to shareholder approval.
Commenting on the results, Anirudhsinh Jadeja, Managing Director of GTPL Hathway, said:
“It pleases me to report that the company has sustained its subscriber base across both our Cable TV and Broadband businesses, demonstrating operational resilience in a dynamically evolving and competitive industry landscape.”
He emphasized the company’s continued investments in infrastructure upgrades, emerging technologies, and consumer-focused innovation as part of its long-term strategy for sustainable growth and digital transformation.
🏢 Company Overview:
GTPL Hathway is India’s largest Multi-System Operator (MSO) for digital cable TV and a leading wireline broadband provider, especially in Gujarat and West Bengal.
