Transcript of the Post Results Conference Call on Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026.
GTPL · price
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GTPL Hathway reported Q1 FY27 consolidated revenue of INR 1,020 crores (+12% YoY, +9% QoQ) with EBITDA of INR 109 crores at a 10.7% margin, but net profit fell sharply to INR 2.3 crores from INR 10.3 crores YoY due to higher depreciation and finance costs from capitalizing HITS infrastructure. Management announced acquisition of ACT Group's Digital TV business for INR 36.23 crores, adding ~6 lakh subscribers in AP, Telangana, Odisha and Karnataka, expected to close by September 15, 2026. Digital TV subscriber base stood at 9.6 million, broadband subscribers at 1.06 million with ARPU of INR 470. HITS platform (GTPL Infinity) has converted 2.5 million+ subscribers and delivered INR 4 crores in bandwidth savings. Company entered Kerala and J&K as new markets, appointed a new Broadband CEO, and guided FY27 capex of ~INR 400 crores split equally between Broadband and Digital TV.
Near-term PAT pressure is expected as HITS platform costs are fully capitalized while benefits ramp up through Q3-Q4 FY27. Operating margin guidance of 25% (from current 22%) and accretion from the ACT acquisition could support earnings recovery in H2 FY27. Short-term stock reaction may be negative due to sharp PAT decline, but medium-term outlook hinges on successful ACT integration and Broadband expansion.