Current/ Expected Orderbook/ Pending Orders?

GTPL Hathway is actively bidding for new government tenders, including large and small projects. The company cannot currently disclose specific details or locations of tenders being bid on. Successful bids will be announced publicly once finalized. There are no specific updates provided on the resolution of litigation issues related to the BharatNet project; tendering is ongoing. Overall, GTPL Hathway is committed to participating in upcoming tenders to expand its order book but has not disclosed exact pending orders or orderbook size at this time.

Any current/future new fundraising through debt or equity?

The provided transcript from GTPL Hathway's Q2 FY '26 earnings call does not mention any current or planned fundraising through debt or equity. The company's balance sheet is described as healthy with a net debt to equity ratio of 0.2x as of September 30, 2025. There is no explicit discussion or indication of raising new capital via debt or equity in these excerpts. The management focuses more on organic and inorganic growth, capex plans, technology investments, and market expansion strategies rather than capital raising. For any updates on fundraising, investors are encouraged to contact the

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

Total capex for H1 FY '26 is INR153 crores: INR90 crores in CATV and INR63 crores in broadband. INR90 crores in CATV includes around INR20 crores for the Headend-In-The-Sky (HITS) project and ~95-97% in set-top boxes. Broadband capex primarily on CPE and customer activation costs. The company maintains total capex guidance for FY '26 in the range of INR350 crores. Launch of HITS platform planned in Q3 FY '26, expected to enhance distribution capabilities nationwide. Investments aimed at expanding reach across India and reducing delivery costs. Focus on layering services: Cable entertainment, B

Future growth expectations in sales/revenue/volumes?

Subscription revenue CAGR expected to be maintained at 8% to 11% over the next few quarters. Q2 decline due to excessive rains and lack of big sporting events is seen as temporary; improvement anticipated in Q3 and Q4. Focus on customer acquisition and retention with competitive OTT pricing and bundled offerings. Broadband segment has high growth potential, aiming to increase penetration from current 44 million wired households towards 100 million in 5 years. B2B broadband subscriber base growing with over 100 subscribers already; growth expected to accelerate. Launch of Headend-In-The-Sky (HI

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

GTPL Hathway expects to maintain a subscription revenue CAGR of 8%-11% over the next few years. Margin and EBITDA improvement efforts include launching the Headend-In-The-Sky (HITS) technology platform for pan-India footprint and cost savings in delivery. Operating EBITDA margin is currently around 22%, with management focusing on expanding reach and conserving costs to improve profitability. Broadband segment growth to rebound post temporary slowdown due to competition and technology shifts. ARPU growth is anticipated but mindful of India's price-sensitive market; 3x-4x ARPU increase achieved

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GTPL Hathway LtdQ3 FY25Entertainment

GTPL Hathway Ltd Q3 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 4

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 4

→Subscription revenue CAGR expected to be maintained at 8% to 11% over the next few quarters.
→Q2 decline due to excessive rains and lack of big sporting events is seen as temporary; improvement anticipated in Q3 and Q4.
→Focus on customer acquisition and retention with competitive OTT pricing and bundled offerings.
→Broadband segment has high growth potential, aiming to increase penetration from current 44 million wired households towards 100 million in 5 years.
→B2B broadband subscriber base growing with over 100 subscribers already; growth expected to accelerate.
→Launch of Headend-In-The-Sky (HITS) platform in Q3 intended to boost distribution reach and reduce costs, supporting growth.
→Bundling of Cable, Broadband, OTT, and gaming services to enhance customer engagement and revenue.
→Despite competitive pressures, the company aims to expand market share and improve margins through technology and service layering.

Margin guidance

Category 3

→GTPL Hathway expects to maintain a subscription revenue CAGR of 8%-11% over the next few years.
→Margin and EBITDA improvement efforts include launching the Headend-In-The-Sky (HITS) technology platform for pan-India footprint and cost savings in delivery.
→Operating EBITDA margin is currently around 22%, with management focusing on expanding reach and conserving costs to improve profitability.
→Broadband segment growth to rebound post temporary slowdown due to competition and technology shifts.
→ARPU growth is anticipated but mindful of India's price-sensitive market; 3x-4x ARPU increase achieved over last 5 years informs cautious future growth.
→New service layering (Cable entertainment, Broadband, OTT, gaming) aims to improve customer retention and revenues.
→Overall, management is optimistic about recovering subscriber additions, revenue growth, and profitability in Q3 and Q4 FY '26 and beyond.

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Fundraise plans

→The provided transcript from GTPL Hathway's Q2 FY '26 earnings call does not mention any current or planned fundraising through debt or equity.
→The company's balance sheet is described as healthy with a net debt to equity ratio of 0.2x as of September 30, 2025.
→There is no explicit discussion or indication of raising new capital via debt or equity in these excerpts.
→The management focuses more on organic and inorganic growth, capex plans, technology investments, and market expansion strategies rather than capital raising.
→For any updates on fundraising, investors are encouraged to contact the company's investor relations advisors.

Order book

→GTPL Hathway is actively bidding for new government tenders, including large and small projects.
→The company cannot currently disclose specific details or locations of tenders being bid on.
→Successful bids will be announced publicly once finalized.
→There are no specific updates provided on the resolution of litigation issues related to the BharatNet project; tendering is ongoing.
→Overall, GTPL Hathway is committed to participating in upcoming tenders to expand its order book but has not disclosed exact pending orders or orderbook size at this time.

Capex plans

Yes

→Total capex for H1 FY '26 is INR153 crores: INR90 crores in CATV and INR63 crores in broadband.
→INR90 crores in CATV includes around INR20 crores for the Headend-In-The-Sky (HITS) project and ~95-97% in set-top boxes.
→Broadband capex primarily on CPE and customer activation costs.
→The company maintains total capex guidance for FY '26 in the range of INR350 crores.
→Launch of HITS platform planned in Q3 FY '26, expected to enhance distribution capabilities nationwide.
→Investments aimed at expanding reach across India and reducing delivery costs.
→Focus on layering services: Cable entertainment, Broadband, TV Everywhere, OTT, gaming for better customer retention and acquisition.
→Strategic investment in consolidation of MSOs both organically and inorganically.
→Continued bidding for government tenders including BharatNet, though specifics are not disclosed yet.

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