BSECompany Update1d ago · 21 Jul 2026, 05:07 pm
Transcript of the Post Results Conference Call on Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026.
GTPL Hathway Ltd · 540602
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GTPL Hathway Ltd has announced its unaudited financial results for the quarter ended June 30, 2026, with a focus on its Digital TV and Broadband businesses. The company has appointed a new CEO for its Broadband business and has entered into a business transfer agreement to acquire the digital business of 7 ACT Group companies. The acquisition is expected to add approximately 6 lakh Digital TV subscribers and strengthen the company's presence in key Southern and Eastern markets.
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Earnings Impact5/10
Growth Catalyst6/10
Governance Concern2/10
Regulatory Risk1/10
Balance Sheet Risk3/10
Liquidity Impact7/10
Market Sentiment5/10
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GTPL Hathway Ltd - 540602 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
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Ref. No.: GTPL/SE/2026
July 21, 2026
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, Exchange Plaza,
Dalal Street, Plot No. C/1, G Block,
Mumbai 400 001 Bandra Kurla Complex, Bandra (East),
Mumbai – 400 051
Scrip Code: 540602 Trading Symbol: GTPL
Dear Sir/Madam,
Sub: Transcript of the Post Results Conference Call on Unaudited Financial Results
(Standalone and Consolidated) for the quarter ended June 30, 2026.
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, transcript of the Post Results Conference Call on Unaudited Financial
Results (Standalone and Consolidated) of the Company for the quarter ended June 30, 2026,
held on July 16, 2026, is available on the Company’s website at
https://webapi.gtpl.net/WebSiteImages/InvestorRelation/Financial_Results/2026-
2027/Q1/GTPL%20Hathway%20Ltd%20-%20Q1FY27%20Earnings%20call%20-
%20Transcript.pdf
The said transcript is also enclosed herewith.
Kindly take the same on record.
Thanking you,
Yours faithfully,
For GTPL Hathway Limited
Shweta Sultania
Company Secretary and Compliance Officer
Encl: As above
“GTPL Hathway Limited
Q1 FY27 Earnings Conference Call”
July 16, 2026
MANAGEMENT: MR. ANIRUDHSINH JADEJA – PROMOTER AND
MANAGING DIRECTOR LIMITED – GTPL HATHWAY
LIMITED
MR. PIYUSH PANKAJ – BUSINESS HEAD B2B CATV
BROADBAND AND CHIEF STRATEGY OFFICER – GTPL
HATHWAY LIMITED
MR. SAURAV BANERJEE – CHIEF FINANCIAL OFFICER
– GTPL HATHWAY LIMITED
MODERATOR: MR. ARYAN TRIPATHI – EMKAY GLOBAL FINANCIAL
SERVICES LIMITED
GTPL Hathway Limited
July 16, 2026
Moderator: Ladies and gentlemen, good day and welcome to the GTPL Hathway Limited Q1 FY27
Earnings Conference Call, hosted by Emkay Global Financial Services Limited. As a
reminder, all participant lines will be in the listen-only mode and there will be an opportunity
for you to ask questions after the presentation concludes. Should you need assistance during
the conference call, please signal an operator by pressing star then zero on your touchtone
phone. Please note that this conference is being recorded.
I now hand the conference over to Mr. Aryan Tripathi from Emkay Global Financial Services
Limited. Thank you and over to you, sir.
Aryan Tripathi: Good evening, everyone. I would like to welcome the management and thank them for this
opportunity. We have with us today Mr. Anirudhsinh Jadeja, Promoter and Managing Director;
Mr. Piyush Pankaj, Business Head, B2B, CATV and Broadband and Chief Strategy Officer;
and Mr. Saurav Banerjee, Chief Financial Officer. I shall hand over the call to the management
for the opening remarks. Over to you, gentlemen.
Anirudhsinh Jadeja: Thank you. Welcome to the call of GTPL Hathway Limited to discuss financial performance
of the first quarter of FY '27. As the country's largest MSO, we continue to take initiatives to
further strengthen our presence across the Digital TV and Broadband businesses. We
appointed Mr. Vivek Raina as our new Broadband business CEO to have a focused approach
and lead growth in B2B and B2C segments.
Both our Digital TV and Broadband businesses continue to demonstrate resilience and
consistent operating performances. With the launch of GTPL Infinity, our HITS platform in
FY '26, the recent acquisition and the recent acquisition of the ACT Group's Digital Television
business, we are strengthening our platform for future growth and enhancing our ability to
scale efficiently across key markets. The further details of the acquisition will be shared by
Piyush Pankaj. Thank you.
Now I hand over the call to Piyush Pankaj, who will take you through the KPIs for Digital TV
and Broadband segments.
Piyush Pankaj: Thanks, Mr. Jadeja. Good evening, everyone. Let me begin with giving you all an overview of
the key highlights of this quarter. GTPL Hathway entered into a business transfer agreement to
acquire the digital business of 7 ACT Group companies for an aggregate cash consideration of
INR 36.23 crores and which is expected to get completed by 15th September 2026.
The transaction is expected to add approximately 6 lakh Digital TV subscribers across Andhra
Pradesh, Telangana, Odisha and Karnataka market, thereby strengthening our presence in key
Southern and Eastern markets and supporting our strategy of expanding the Digital TV
business through both organic and inorganic growth.
This acquisition will give us leadership position in Andhra Pradesh and Telangana, which will
help us to trigger the synergic benefits for revenue consolidation and cost optimization. We are
pleased to report that we entered two new strategic markets in quarter 1 FY '27, namely State
of Kerala and Jammu and Kashmir.
Page 2 of 12
GTPL Hathway Limited
July 16, 2026
By entering the Kerala State, we have expanded our presence in all southern markets. Now the
KPIs for our Digital TV and Broadband business are as follows: First, Digital TV segment.
Our Digital TV subscriber base as on 30th June 2026 stood at 9.60 million. Among the total
subscriber base, paying subscribers stood at 8.9 million.
The total business partners count now stands at more than 51,000 and they remain instrumental
in fuelling our nationwide expansion journey. In the Broadband business, active subscriber
base at the end of the quarter stood at 1,060K, 1.06 million, adding 10,000 new subscribers on
a Y-o-Y basis. The Broadband ARPU for quarter 1 FY '27 stood at INR 470, increased by
INR5 as compared to quarter 1 FY '26.
Average data consumption per month stood at 436 GB per user, a 6% increase Y-o-Y. As we
move forward, we remain committed to accelerating our expansion across new states,
broadening our total addressable market and advancing our vision of becoming a truly pan-
India Digital TV and Broadband player. Thank you. I will now hand over the call to Mr.
Saurav Banerjee, CFO, who will take you through the financial performance of the company.
Saurav Banerjee: Thank you, Mr. Piyush. Good evening to all the participants. For the quarter on a consolidated
basis, our total income grew by 12% year-on-year and 9% on a quarter-on-quarter basis to INR
1,020 crores. Subscription revenue saw an increase of 2% sequentially to INR 291 crores. The
Broadband revenue stood at INR143 crores and registered a growth of 5% on a yearly basis
and grew marginally by 2% sequentially.
Consolidated EBITDA stood at INR 109 crores with an EBITDA margin of 10.7%. Net profit
for Q1 FY '27 stood at INR 2.3 crores. Now looking at the stand-alone performance for the
quarter. Our total revenue grew by a healthy 16% Y-o-Y and 12% sequentially to INR 693
crores. Subscription revenue saw an increase of 2% Q-on-Q to INR 213 crores.
Standalone EBITDA stood at INR 64.4 crores with an EBITDA margin of 9.3%. Net profit for
Q1 FY '27 stood at INR 1.9 crores on a stand-alone basis. Overall, our consolidated operating
EBITDA stood at INR 101 crores in Q1 FY '27, registering an operating margin of 22%. I
would now request the moderator to open the floor for the Q&A session.
Moderator: Thank you very much. We will now begin the question and answer session. We take the first
question from the line of Saizal Agarwal from Desvelado Advisory.
Saizal Agarwal: Hello. Good evening. Congratulations on the quarter. So my first question.
Moderator: Sorry to interrupt, Saizal, I would request you to come closer to your device and then speak.
Saizal Agarwal: Hi, congratulations on the quarter, firstly. So my question is on the ACT acquisition. So as the
integration progresses, what would you consider the key milestone we should monitor for the
coming months, like to evaluate whether this acquisition would be delivering the expected
returns?
Piyush Pankaj: Yes. So in ACT integration, you can say that we have around 6 lakh subscriber base, which we
are looking forward to integrate. And the whole agreement is going to get closed by 15th
Page 3 of 12
GTPL Hathway Limited
July 16, 2026
September 2026. So the full effect of that will start coming in
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