GTPL Hathway Ltd — Q1 FY27 earnings call
Summary generated by AI from the official transcript GTPL Hathway Ltd filed with BSE on 21 Jul 2026. Every statement cites a verbatim quote from that document — open any citation to read it. This is a record of what management said, not a recommendation. How we check these summaries
The short read
GTPL Hathway reported consolidated total income of Rs 1,020 crore for Q1 FY27, up 12% year-on-year, with consolidated EBITDA of Rs 109 crore and net profit of Rs 2.3 crore. Management attributed the sharp decline in PAT to higher depreciation and finance costs from capitalization of right-of-use assets related to HITS infrastructure. The company also announced a business transfer agreement to acquire the Digital TV business of 7 ACT Group companies for Rs 36.23 crore, expected to close by 15th September 2026 and add approximately 6 lakh subscribers.
Numbers mentioned
Total income (consolidated): Rs 1,020 crores (Q1 FY27)
p. 4
“our total income grew by 12% year-on-year and 9% on a quarter-on-quarter basis to INR 1,020 crores”
Saurav Banerjee, page 4 of the filed PDF · View the filing
Subscription revenue (consolidated): Rs 291 crores (Q1 FY27)
p. 4
“Subscription revenue saw an increase of 2% sequentially to INR 291 crores”
Saurav Banerjee, page 4 of the filed PDF · View the filing
Broadband revenue: Rs 143 crores (Q1 FY27)
p. 4
“The Broadband revenue stood at INR143 crores and registered a growth of 5% on a yearly basis and grew marginally by 2% sequentially”
Saurav Banerjee, page 4 of the filed PDF · View the filing
Consolidated EBITDA: Rs 109 crores (Q1 FY27)
p. 4
“Consolidated EBITDA stood at INR 109 crores with an EBITDA margin of 10.7%”
Saurav Banerjee, page 4 of the filed PDF · View the filing
Net profit (consolidated): Rs 2.3 crores (Q1 FY27)
p. 4
“Net profit for Q1 FY '27 stood at INR 2.3 crores”
Saurav Banerjee, page 4 of the filed PDF · View the filing
Total revenue (standalone): Rs 693 crores (Q1 FY27)
p. 4
“Our total revenue grew by a healthy 16% Y-o-Y and 12% sequentially to INR 693 crores”
Saurav Banerjee, page 4 of the filed PDF · View the filing
Standalone EBITDA: Rs 64.4 crores (Q1 FY27)
p. 4
“Standalone EBITDA stood at INR 64.4 crores with an EBITDA margin of 9.3%”
Saurav Banerjee, page 4 of the filed PDF · View the filing
Net profit (standalone): Rs 1.9 crores (Q1 FY27)
p. 4
“Net profit for Q1 FY '27 stood at INR 1.9 crores on a stand-alone basis”
Saurav Banerjee, page 4 of the filed PDF · View the filing
Consolidated operating EBITDA: Rs 101 crores (Q1 FY27)
p. 4
“our consolidated operating EBITDA stood at INR 101 crores in Q1 FY '27, registering an operating margin of 22%”
Saurav Banerjee, page 4 of the filed PDF · View the filing
Digital TV subscriber base: 9.60 million (as on 30th June 2026)
p. 4
“Our Digital TV subscriber base as on 30th June 2026 stood at 9.60 million”
Piyush Pankaj, page 4 of the filed PDF · View the filing
Digital TV paying subscribers: 8.9 million (as on 30th June 2026)
p. 4
“Among the total subscriber base, paying subscribers stood at 8.9 million”
Piyush Pankaj, page 4 of the filed PDF · View the filing
Broadband active subscriber base: 1,060K (1.06 million) (Q1 FY27)
p. 4
“In the Broadband business, active subscriber base at the end of the quarter stood at 1,060K, 1.06 million, adding 10,000 new subscribers on a Y-o-Y basis”
Piyush Pankaj, page 4 of the filed PDF · View the filing
Broadband ARPU: INR 470 (Q1 FY27)
p. 4
“The Broadband ARPU for quarter 1 FY '27 stood at INR 470, increased by INR5 as compared to quarter 1 FY '26”
Piyush Pankaj, page 4 of the filed PDF · View the filing
Average data consumption per user: 436 GB per month (Q1 FY27)
p. 4
“Average data consumption per month stood at 436 GB per user, a 6% increase Y-o-Y”
Piyush Pankaj, page 4 of the filed PDF · View the filing
ACT acquisition consideration: INR 36.23 crores
p. 3
“GTPL Hathway entered into a business transfer agreement to acquire the digital business of 7 ACT Group companies for an aggregate cash consideration of INR 36.23 crores and which is expected to get completed by 15th September 2026”
Piyush Pankaj, page 3 of the filed PDF · View the filing
HITS bandwidth savings: INR 4 crores (Q1 FY27)
p. 8
“We have saved around -- the bandwidth saving has already come into the effect of around INR 4 crores in the first quarter”
Piyush Pankaj, page 8 of the filed PDF · View the filing
What management said it would do
A record of statements made on the call, in the words management used. Parakho does not forecast, endorse or assess them, and their presence here is not a view on whether they will happen.
ACT acquisition closing — 15th September 2026 · by 15th September 2026
stated firmly by Piyush Pankaj
p. 4
“And the whole agreement is going to get closed by 15th September 2026”
Piyush Pankaj, page 4 of the filed PDF · View the filing
Broadband extraction rate — 19% to 20%
stated as an aspiration by Piyush Pankaj
p. 5
“which we want to go up to around 19% to 20% on this”
Piyush Pankaj, page 5 of the filed PDF · View the filing
Operating margin — 25% · FY27
stated as an aspiration by Piyush Pankaj
p. 6
“Yes. So the operational margin, which is at 22%, which we have shown, that will go up to 25%.”
Piyush Pankaj, page 6 of the filed PDF · View the filing
Home pass extraction rate — 20% to 21%
stated as an aspiration by Piyush Pankaj
p. 6
“We are looking forward that out of this 6 million, 5.95 million home pass, we should have 20% to 21% conversion rate -- extraction rate.”
Piyush Pankaj, page 6 of the filed PDF · View the filing
FY27 capex — INR 400 crores · FY27
stated firmly by Piyush Pankaj
p. 7
“right now, we have kept at around INR 400 crores for this financial year, the capex, where it is going to be around 50% for Broadband and 50% for Digital TV”
Piyush Pankaj, page 7 of the filed PDF · View the filing
HITS full benefit realization — 100% · next financial year
stated firmly by Piyush Pankaj
p. 8
“And from the next financial year, it will be 100%.”
Piyush Pankaj, page 8 of the filed PDF · View the filing
HITS benefit this year — 40% to 50% · this year
stated conditionally by Piyush Pankaj
p. 8
“So this year, you will see that somewhere around 40% to 50% benefit has come over the year because we are expanding doing the things.”
Piyush Pankaj, page 8 of the filed PDF · View the filing
Broadband ARPU trajectory — INR 470
stated firmly by Piyush Pankaj
p. 9
“It will remain somewhere around INR470 for right now.”
Piyush Pankaj, page 9 of the filed PDF · View the filing
Q&A highlights
Management's answers to analyst questions, in Parakho's words rather than a transcript. Each row names who answered and carries the verbatim quote it was drawn from.
Management said the full effect will start coming from mid Q2 into Q3 and will be accretive to EBITDA.
Answered by Piyush Pankaj
Asked by Saizal Agarwal: What are the key integration milestones to monitor for the ACT acquisition?
p. 5
“So the full effect of that will start coming in the mid-quarter, quarter 2 and then the next quarter in quarter 3, which we will start seeing.”
Piyush Pankaj, page 5 of the filed PDF · View the filing
Management attributed the decline to higher depreciation and finance costs from HITS asset capitalization, with benefits to flow in future quarters.
Answered by Piyush Pankaj
Asked by Sohani Sing: Why did PAT decline sharply despite revenue growth?
p. 5
“And this is mainly because of higher depreciation and finance cost.”
Piyush Pankaj, page 5 of the filed PDF · View the filing
Management declined to give figures until the deal closes and integration progresses.
Answered by Piyush Pankaj
Asked by Sohani Sing: What contribution is expected from the ACT acquisition on revenue and EBITDA?
p. 7
“Right now, we don't want to give it. First, we let the integration happens and get the deal get closed as this is getting closed by 15th September as we announced in public.”
Piyush Pankaj, page 7 of the filed PDF · View the filing
Management said entry into new markets with lower ARPU changed the revenue mix, and this should recover as expansion continues.
Answered by Piyush Pankaj
Asked by Dhara Mandhane: Why has Digital TV revenue declined while subscribers remained stable?
p. 9
“And you are entering into new markets, where the ARPU is a bit lower than the established market.”
Piyush Pankaj, page 9 of the filed PDF · View the filing
Management said cable businesses typically take 6 to 12 months to become profitable in new markets.
Answered by Piyush Pankaj
Asked by Pahel Sharma: What is the gestation period for new markets like Kerala and J&K to turn profitable?
p. 10
“That's what I say that to make a market positive in cable business, it takes 6 to 12 months.”
Piyush Pankaj, page 10 of the filed PDF · View the filing
Management said they negotiate with broadcaster partners to share the cost burden without losing subscribers.
Answered by Piyush Pankaj
Asked by Priti Agarwal: How is the industry managing rising content acquisition costs?
p. 13
“We are managing through negotiating with them by absorbing the cost somewhere at some point of time in the back, we have increased our price also in the ground.”
Piyush Pankaj, page 13 of the filed PDF · View the filing
Risks flagged
Higher depreciation and finance costs from HITS capitalization pressuring PAT
p. 5
“If you go through the whole financials, you will see that the depreciation and finance cost has gone up by around INR 6 crores.”
Piyush Pankaj, page 5 of the filed PDF · View the filing
Churn and lower ARPU in newly entered markets weighing on Digital TV revenue
p. 9
“No, it is more of -- as you know, I have given that in the earlier calls also, the churn is there.”
Piyush Pankaj, page 9 of the filed PDF · View the filing
Rising content acquisition costs from broadcasters
p. 13
“Content increase that is happening every year or every second year, as you know.”
Piyush Pankaj, page 13 of the filed PDF · View the filing
Financial infeasibility of serving low-subscriber-density rural markets under traditional CATV model
p. 12
“So it's not feasible to do the business on that basis.”
Piyush Pankaj, page 12 of the filed PDF · View the filing
Generated by claude-sonnet-5. Source: the transcript as filed with BSE. We link to the exchange's copy; we do not host transcripts. Parakho is a data and screening tool, not an investment adviser — nothing here is a recommendation to buy, sell or hold.