Any current/future new fundraising through debt or equity?

There is no explicit mention of any current or future fundraising through debt or equity in the transcript. Capex plans for FY26 are guided around INR 350-400 crores, funded through internal accruals. No statements indicate plans for raising fresh equity or debt in this quarter or near term. The company is focusing on operational improvements and platform launches rather than external fundraising. Financials show internal cash generation with no highlighted need for external funds or capital raising activities at this time.

Any current/future capex/capital investment/strategic investment?

Capex guidance for FY '26 is between INR 350 crores to INR 400 crores. Q1 FY '26 capex was around INR 79 crores: approx. INR 50 crores on CATV (mostly set-top boxes and some on HITS) and INR 30 crores on broadband (CPE and Homepass materials). Capex includes both maintenance and growth investments. Significant investment underway for the Headend-In-The-Sky (HITS) platform; regulatory approvals are nearing completion. HITS platform expected to launch by end of the current quarter or early next quarter. Broadband expansion focuses on increasing subscriber base, especially in Gujarat and 10 newly

Future growth expectations in sales/revenue/volumes?

GTPL Hathway expects double-digit revenue growth, around 10-11% Y-o-Y, with potential for further improvement. Quarterly growth in Q1 FY '26 was approximately 7% Y-o-Y. The broadband segment is anticipated to grow at a higher CAGR due to low market penetration (only 10-12% currently). Cable TV revenues face challenges from increased competition and churn but have growth potential through market consolidation and expansion into rural/dark areas using the Headend-In-The-Sky (HITS) platform. Approximately INR350 crores to INR400 crores planned in capex to support growth, including broadband expan

Future growth expectations in earnings/operating earnings/profits/EPS?

GTPL expects double-digit revenue growth, around 10-11% Y-o-Y, with potential to reach up to 18-20% depending on market conditions. Operating EBITDA margin currently at 22%, targeted to improve to between 23-25% by the end of FY '26. Stand-alone EBITDA margin was 9.9% in Q1 FY '26, with consolidated EBITDA margin at 12.4%. Profitability growth driven by broadband subscriber additions and synergies from subsidiaries. Earnings growth is expected to improve as the new Headend-In-The-Sky (HITS) platform launches and subscriber base expands. Incremental EBITDA from subsidiaries rose by 10

Current/ Expected Orderbook/ Pending Orders?

GTPL Hathway is currently hopeful about the BharatNet tender in Gujarat, expecting it to open within the next 1 to 1.5 months. The company has the capability and prior experience with BharatNet projects and plans to actively participate in this upcoming tender. No other specific details about current or expected order books or pending orders were disclosed in the call transcript.

IN US

Sale is live|00:00:00left today

GTPL Hathway LtdQ2 FY25Entertainment

GTPL Hathway Ltd Q2 FY25 Earnings Call Analysis

Revenue, margin, capex, fundraise and order book outlook from management commentary.

Price: ₹59.1P/E: 48.0Market Cap: ₹772 CrSector: Entertainment

Management growth scorecard

Revenue

Category 3

Margin

Category 3

Fundraise

N/A

Order

N/A

Capex

Yes

1 of 3 growth signals are positive — mixed outlook.

Full analysis

Revenue guidance

Category 3

→GTPL Hathway expects double-digit revenue growth, around 10-11% Y-o-Y, with potential for further improvement.
→Quarterly growth in Q1 FY '26 was approximately 7% Y-o-Y.
→The broadband segment is anticipated to grow at a higher CAGR due to low market penetration (only 10-12% currently).
→Cable TV revenues face challenges from increased competition and churn but have growth potential through market consolidation and expansion into rural/dark areas using the Headend-In-The-Sky (HITS) platform.
→Approximately INR350 crores to INR400 crores planned in capex to support growth, including broadband expansion and cable network upgrades.
→Broadband subscriber base addition targeted around 500,000 for FY '26.
→Revenue split expected roughly INR200 crores from CATV and INR150 crores from broadband in capex-driven growth areas.
→Focus on increasing subscriber volumes, market penetration in 10+ states.
→Growth driven by bundled services combining broadband, cable TV, and OTT content.

Margin guidance

Category 3

→GTPL expects double-digit revenue growth, around 10-11% Y-o-Y, with potential to reach up to 18-20% depending on market conditions.
→Operating EBITDA margin currently at 22%, targeted to improve to between 23-25% by the end of FY '26.
→Stand-alone EBITDA margin was 9.9% in Q1 FY '26, with consolidated EBITDA margin at 12.4%.
→Profitability growth driven by broadband subscriber additions and synergies from subsidiaries.
→Earnings growth is expected to improve as the new Headend-In-The-Sky (HITS) platform launches and subscriber base expands.
→Incremental EBITDA from subsidiaries rose by 10% Y-o-Y, showing increasing contribution to consolidated profits.
→Overall net profit growth expected to be positive with recovery in cable TV segment and sustained broadband growth.
→Management is optimistic about recovering cable TV churn and monetizing rural/cable dark areas for further earnings growth.

3 more insights locked — sign up free to unlock

Fundraise plans

→There is no explicit mention of any current or future fundraising through debt or equity in the transcript.
→Capex plans for FY26 are guided around INR 350-400 crores, funded through internal accruals.
→No statements indicate plans for raising fresh equity or debt in this quarter or near term.
→The company is focusing on operational improvements and platform launches rather than external fundraising.
→Financials show internal cash generation with no highlighted need for external funds or capital raising activities at this time.

Order book

→GTPL Hathway is currently hopeful about the BharatNet tender in Gujarat, expecting it to open within the next 1 to 1.5 months.
→The company has the capability and prior experience with BharatNet projects and plans to actively participate in this upcoming tender.
→No other specific details about current or expected order books or pending orders were disclosed in the call transcript.

Capex plans

Yes

→Capex guidance for FY '26 is between INR 350 crores to INR 400 crores.
→Q1 FY '26 capex was around INR 79 crores: approx. INR 50 crores on CATV (mostly set-top boxes and some on HITS) and INR 30 crores on broadband (CPE and Homepass materials).
→Capex includes both maintenance and growth investments.
→Significant investment underway for the Headend-In-The-Sky (HITS) platform; regulatory approvals are nearing completion.
→HITS platform expected to launch by end of the current quarter or early next quarter.
→Broadband expansion focuses on increasing subscriber base, especially in Gujarat and 10 newly launched states.
→Strategic capex in Gujarat market to increase broadband penetration.
→Company is also open to partnerships with technology players and startups to enhance services.

How does GTPL Hathway Ltd rank vs peers in Entertainment?

Pro feature

1GTPL Hathway Ltd

Rev 3Mar 3

See full Entertainment sector rankings

Want more stocks like GTPL Hathway Ltd?

Build an AI portfolio filtered by sector, market cap, and growth rank. Takes 2 minutes.

Build my portfolio