GTPL Hathway Ltd
GTPL Hathway Q4 FY26 earnings call: Revenue & Margins
Q4 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
The company expects positive growth in subscriber base and revenues starting FY27, following muted growth in FY26 due to focus on platform upgrades (Headend-In-The-Sky) rather than expansion. GTPL Hathway aims to return ROCE to around 15% over the next 2-3 years, up from current single digits, driven by growth capex and operational improvements.
From GTPL Hathway Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- The company expects positive growth in subscriber base and revenues starting FY27, following muted growth in FY26 due to focus on platform upgrades (Headend-In-The-Sky) rather than expansion.
- Broadband revenue rose 2-3% YoY; expected to pick up post platform implementation.
- Cable TV subscriber base steady with plans to grow by acquiring small MSOs (4-5 crore customer base target for FY27-FY28).
- Cable and broadband ARPU expected to increase moderately (3-4% per annum), with volume growth mainly driven by acquisitions and expanding into untapped households (~130-140 million currently without TV).
- Total capex guidance is around INR 350 crores per year through FY27 to FY29 to drive both growth and maintenance.
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Profitability & Margins
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Capital Expenditure Plans
- GTPL Hathway plans capex of around INR 350 crores per annum for FY '27 to FY '29, totaling approximately INR 700 crores over two years.
- Capex split: INR 150 crores annually towards broadband and INR 200 crores towards cable and heads (cable evolving into heads).
- Maintenance capex is about 50%, growth capex about 50% of total capex.
- This means INR 350 crores maintenance and INR 350 crores growth capex over two years.
- Current year capex was INR 290 crores (INR 110 crores broadband, INR 180 crores cable including HITS).
- No plans to reduce capex in next 3 years given growth potential in cable and broadband sectors.
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Top-ranked in Entertainment
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
GTPL Hathway Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹924 Cr, net loss ₹14 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What GTPL Hathway's management said in earlier quarters
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Frequently Asked Questions
What were GTPL Hathway Ltd Q4 FY26 results?
The company expects positive growth in subscriber base and revenues starting FY27, following muted growth in FY26 due to focus on platform upgrades (Headend-In-The-Sky) rather than expansion. GTPL Hathway aims to return ROCE to around 15% over the next 2-3 years, up from current single digits, driven by growth capex and operational improvements.
What is GTPL Hathway Ltd share price analysis?
GTPL Hathway Ltd currently shows a neutral. The stock trades at a P/E of 74.5 with a market cap of ₹595 Cr. Investors should review the full earnings analysis for detailed insights.
Is GTPL Hathway Ltd planning capital expenditure?
GTPL Hathway plans capex of around INR 350 crores per annum for FY '27 to FY '29, totaling approximately INR 700 crores over two years.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.