India · Delayed Price · Currency is INR GTPL Hathway Earnings Call Transcripts
Fiscal Year 2026
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Q4 saw 4% YoY revenue growth but negative PAT due to one-time impairments and forex loss. Subscriber base remained stable, with broadband ARPU rising to INR 465. Aggressive CapEx and industry consolidation are planned, with ROCE targeted to recover to 15% in 2–3 years.
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Q3 FY 2026 saw 5% revenue growth and 19% sequential net profit rise, driven by broadband expansion and the launch of the GTPL Infinity HITS platform. The company targets double-digit CAGR and margin improvement as HITS benefits materialize over the next year.
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Revenue grew 12% YoY and 6% QoQ, with broadband ARPU and data usage rising despite subscriber churn from seasonal and competitive pressures. HITS platform launch and aggressive expansion in B2B/B2C broadband and bundled services are expected to drive future growth.
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Q1 FY 2026 saw 7% YoY consolidated income growth, stable cable TV subscribers, and 2% broadband subscriber growth. EBITDA margin was 22%, with double-digit revenue growth and margin improvement expected as new platforms launch and expansion continues.
Fiscal Year 2025
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Revenue and EBITDA grew steadily in FY2025, with stable cable TV and broadband subscriber bases. The company targets a return to higher growth rates in FY2026, supported by government broadband initiatives and new licenses, while maintaining strong operational margins.
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Q3 FY25 saw 4% YoY consolidated revenue growth, with strong cable and broadband subscriber additions and higher ARPU. HITS project is nearing completion, expected to boost reach and efficiency. Debt rose due to project funding but is set to decline as loans are repaid.
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Revenue grew 9% YOY, but Q2 was impacted by higher churn and lower ad income, leading to margin compression in both cable TV and broadband. FY25 revenue growth guidance was revised to 15%-17%, with focus on B2B broadband and new digital offerings to drive future growth.
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Subscriber base and revenues grew year-over-year, with strong cable and broadband performance and new tech rollouts. Margins are expected to improve as ARPU increases and costs are optimized, with double-digit subscription revenue growth targeted for FY 2025.