GTPL Hathway Releases Q2 & H1 FY26 Earnings Call Transcript, Discusses Operational & Financial Performance
GTPL Hathway released its Q2 & H1 FY26 earnings call transcript. Consolidated revenue grew 12% Y-o-Y to ₹964.9 crore. Operational performance showed stable subscriber bases and ARPU growth. HITS platform launch is planned for Q3.
The announcement provides detailed financial and operational performance for Q2 & H1 FY26, including subscriber metrics, revenue, and profitability. Discussions on strategic initiatives like the HITS platform and the competitive landscape offer insights into the company's future direction, making it moderately important for investors.
While the company reported healthy revenue growth and maintained strong operating margins, subscriber churn in Q2 and muted broadband additions due to intense competition present challenges. Management expressed optimism for recovery and future growth through strategic initiatives like the HITS platform and service bundling, balancing the mixed performance.
GTPL Hathway Limited has released the transcript of its post-results conference call for the unaudited financial results (Standalone and Consolidated) for the quarter and half year ended September 30, 2025, which was held on October 15, 2025. Key highlights from the call include: * Operational Performance (Q2 FY26): * Digital Cable TV subscriber base stood at 9.50 million, with 8.80 million paying subscribers. * Broadband active subscriber base reached 1.05 million, adding 10,000 new subscribers (1% Y-o-Y increase). * Homepass stood at 5.95 million, with 75% available for FTTX. * Broadband ARPU for Q2 FY26 was ₹465, an increase of ₹5 compared to the prior year's Q2. * Average data consumption per month increased by 17% Y-o-Y to 410 GB. * Financial Performance (Consolidated Q2 FY26): * Total revenue grew by 12% Y-o-Y and 6% Q-o-Q to ₹964.9 crore. * Subscription revenue was ₹302.4 crore. * Broadband revenue was ₹139.3 crore, growing 2% yearly and sequentially. * EBITDA stood at ₹110.1 crore with an 11.4% margin. * Net profit was ₹9.3 crore. * Operating EBITDA was ₹101.6 crore, with a 22% operating margin. * Financial Performance (Standalone Q2 FY26): * Total revenue grew by 17% Y-o-Y and 7% sequentially to ₹640.2 crore. * Subscription revenue decreased marginally by 1% Y-o-Y and 3% Q-o-Q to ₹219.1 crore. * EBITDA was ₹59.3 crore with a 9.3% margin. * Net profit was ₹5.4 crore. * Balance Sheet: Net debt to equity was 0.2x as of September 30, 2025. Net cash flow from operations for H1 FY26 was ₹129.1 crore. * Management Commentary: * Mr. Anirudhsinh Jadeja highlighted sustained operational performance and leadership in Digital Cable TV and Broadband, focusing on expansion and customer experience. * Mr. Piyush Pankaj noted that the HITS distribution platform is gearing up for operation in Q3, which will enhance distribution capabilities and reach across India, along with potential cost savings. He attributed the Q2 subscription revenue decline to excessive rains and the absence of major sporting events, expecting recovery in Q3 and Q4. Broadband subscriber additions were muted due to competition from players like Jio and Airtel, but the company is hopeful for renewed growth through B2B and B2C models. The company's strategy for OTT pricing is to remain very competitive, focusing on customer acquisition and retention. H1 FY26 capex was ₹153 crore, with the full-year guidance maintained at ₹350-₹400 crore.
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GTPL Hathway Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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