GTPLNSEGTPL Hathway LimitedMediumNeutral
Announced Wed, 16 Jul · 15:46 IST

GTPL Hathway Limited has informed the Exchange about Transcript

Mgmt Guided Margin ImprovementMgmt Evaded Key QuestionInvestor Communications View source PDF

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

GTPL Hathway filed the transcript of its Q1 FY26 earnings call held on July 11, 2025. Consolidated total income grew 7% year-on-year to INR 9,091 million, with consolidated EBITDA at INR 1,123 million (12.4% margin) and operating EBITDA margin at 22%. Broadband active subscribers reached 1.05 million (adding 20,000) with ARPU at INR 465, while digital cable TV subscribers stood at 9.6 million (paying 8.9 million). Management guided for operating EBITDA margin to recover from 22% to 23-25% by year-end and reiterated full-year capex of INR 350-400 crores, split roughly INR 200 crores for CATV and INR 150 crores for broadband. The HITS (Headend-In-The-Sky) platform is in the final stage of regulatory approvals, with launch expected this quarter or early next. Management is targeting 500,000 broadband subscriber additions in FY26, supported by organic expansion and potential inorganic opportunities.

Likely market impact

Margin recovery guidance and the imminent HITS platform launch are positive signals for earnings growth, but cable TV subscription revenue declined about 5% YoY due to industry churn from telco bundles and free DTH competition in rural areas, which remains a near-term watch item.