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 margins and a recommended dividend. Subscriber growth slowed due to industry churn, but expansion and government projects are expected to drive future gains. Operational EBITDA margins are targeted to remain above 22%.
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Q3 FY25 saw 4% YoY revenue growth, stable margins, and subscriber gains in both cable TV and broadband. Major CapEx for HITS project is nearly complete, with launch expected next quarter. Risks include broadcaster price hikes and project-related uncertainties.
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Revenue grew 9% YOY but Q2 was muted due to event absence and weather, leading to lower margins and revised annual growth guidance to 12-15%. Broadband and cable TV subscriber bases expanded, with B2B broadband driving growth but impacting margins.
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Q1 FY25 saw 9% revenue growth and stable margins, with subscriber bases rising in both cable TV and broadband. Strategic tech launches and ARPU increases are expected to support double-digit subscription growth and margin improvement in FY25.