GTPL Hathway / Q3-FY26

GTPL Q3 FY26 earnings call.

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Positive2026-01-15Back to GTPL

Revenue

₹932.62 Cr

verified against source

Revenue YoY

5%

reported change

EBITDA

₹119 Cr

latest reported figure

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Where this quarter sits.

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EBITDA (₹ Cr)PositiveWatchNegative
3 actual records
Actual quarterly EBITDA (₹ Cr) trajectoryReported values plotted by quarter. Hover or focus a point for its quarter, value, and source sentiment.Q2 FY26: 110.1 · Watch source sentiment · 2025-11-07Q2 FY26Q3 FY26: 119 · Positive source sentiment · 2026-01-15Q3 FY26Q1 FY27: 101 · Watch source sentimentQ1 FY27119101
Values are taken from the available verified source records; sentiment color is a separate source-read indicator.

Quarter read

What the record says.

GTPL Hathway reported Q3 FY26 consolidated revenue of ₹938.2 crore, up 5% YoY, with EBITDA margin at 12.7% and net profit of ₹11.1 crore (+9% YoY). Broadband revenue grew 4% YoY to ₹1,433 million, supported by stable ARPU of ₹465 and data consumption up 12% YoY. The highlight was the launch of GTPL Infinity, a satellite-based platform enabling pan-India reach with 800-channel capacity, expected to reduce delivery costs and drive subscriber growth. Management guided for a return to historical 11-12% CAGR in revenue and 13-14% in EBITDA, with full benefits visible by December 2026. Risks include competitive pressure in broadband and slower-than-expected adoption of the new platform.

Colored figures show movement against the previous available record.

Guidance to track

  • Management expects to return to historical revenue CAGR of 11-12% driven by GTPL Infinity and subscriber growth.
  • Management targets EBITDA CAGR of 13-14% as cost benefits from satellite platform materialize.
  • Management expects full conversion and benefits from the satellite platform to be visible within one year, by end of 2026.
  • Management guided total capex for FY26 at ₹270 crore, lower than initial plan, with no incremental capex needed for satellite platform.

Risks flagged

  • Active cable TV subscribers declined from 8.9M to 8.7M over four quarters, partly due to deliberate slowdown but also competitive pressure.
  • Analyst questioned sustainability of ARPU at ₹465 in a highly competitive broadband market; management cited customer upgrades but no price increases.
  • Employee costs rose due to new wage code (₹22M one-time) and right-of-use asset amortization (₹55M) impacted margins, with benefits from satellite platform yet to flow.
  • If partner and subscriber adoption of the new satellite platform is slower than expected, revenue and cost benefits may be delayed.

Key quotes

  • The launch of GTPL Infinity, our hidden in the sky platform, marks a decisive step forward in our journey.
  • This significantly reduces deployment time, enhances uptime and lowers operating costs while enabling true pan-India reach.
  • We are very confident that this will improve with the coming quarters.

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