GTPL Hathway Q1 net profit drops 27% to 10.5 crore
, India's largest digital cable television operator and a leading
broadband provider
, has reported a 27% year-on-year decline in net profit to Rs 10.5 crore for the quarter ended June. EBITDA fell 7% to Rs 112 crore.
Consolidated revenue for the first quarter of FY26 rose 7% year-on-year to Rs 909.1 crore.
The company's core cable TV business generated Rs 301.8 crore in revenue during the quarter. This represents a marginal decline from Rs 319.3 crore in Q1 FY25, though the overall subscriber base remained stable.
Active cable TV subscribers stood at 9.6 million, of which 8.9 million were paying customers.
Average revenue per user (
ARPU
) for broadband rose by Rs 5 to Rs 465, while average monthly data consumption per user surged 17% year-on-year to 410 GB.
GTPL added 50,000 new home passes during the year, bringing the total to 5.95 million. Notably, 75% of its network is now FTTX-ready, strengthening its position for deeper broadband penetration.
'The company has sustained its subscriber base across both our cable TV and broadband businesses, demonstrating operational resilience in a dynamically evolving and competitive industry landscape,' said Anirudhsinh Jadeja, Managing Director of GTPL Hathway.
He added: 'We are set to advance our capabilities in the distribution of television services, where we expect to realise tangible benefits over the medium term. Our long-term strategies remain firmly focused on sustainable growth, digital transformation, and delivering enhanced value to our customers.'
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