Shares of GTPL Hathway Limited declined more than 5% after the company reported a weak set of numbers for the fourth quarter ended March 31, 2026, with profitability taking a sharp hit despite modest revenue growth.
The company posted a net loss of ₹15 crore in Q4 FY26, a significant reversal from a net profit of ₹10.6 crore reported in the same period last year. The decline in earnings weighed heavily on investor sentiment, triggering a sell-off in the stock.
Revenue for the quarter rose 3.7% year-on-year to ₹923.8 crore from ₹890.9 crore, indicating steady but subdued top-line growth. For the full financial year FY26, revenue increased 7% to ₹3,746.6 crore, supported by stable performance across its cable TV and broadband segments.
However, operating performance remained under pressure. EBITDA for the quarter declined sharply by 24.5% to ₹80.3 crore, compared to ₹106.3 crore in the year-ago period. EBITDA margin also contracted to 8.69% from 11.9%, highlighting margin stress amid rising costs and limited pricing power. For the full year, EBITDA stood at ₹432.1 crore, with a margin of 11.5%.
On the operational front, GTPL Hathway’s digital cable TV active subscriber base stood at 9.40 million as of March 31, 2026, while paying subscribers were at 8.70 million. Subscription revenue from cable TV came in at ₹285 crore for the quarter and ₹1,186.2 crore for the full year, reflecting stable demand in the segment.
The broadband business showed modest growth. The subscriber base increased by 15,000 year-on-year to 1.06 million. Broadband revenue rose 3% to ₹139.4 crore in Q4 and reached ₹558 crore for FY26, up 2% annually. The company’s homepass expanded to 5.95 million, with nearly 75% of the network ready for fibre-to-the-home (FTTX) conversion.
Broadband average revenue per user (ARPU) stood at ₹465 per month, while average data consumption per user increased 10% year-on-year to 436 GB during the quarter, indicating rising usage trends.