GTPL Hathway swings to profit in Q1, ACT deal on schedule
Revenue up **12%** to **₹10,199 million**, PAT recovers to **₹23 million** after Q4 loss; broadband grows **5%** ; ACT acquisition of **7** cable TV businesses for **₹36.23 crore** on track.
— 4 earlier stories on GTPL Hathway Ltd. →What's new
- Revenue crossed ₹10,199 million, up 12% YoY; EBITDA margin at 10.7%.
- Consolidated PAT of ₹23 million, reversing a loss in the preceding quarter.
- ACT acquisition of 7 cable TV businesses for ₹36.23 crore remains on track for mid-September 2026 completion.
Why this matters
GTPL swung back to profit after a tough Q4, but the margin is still thin at 10.7%. Broadband, the growth driver, managed only 5% revenue growth. The real step-change will come when the ACT deal closes, adding 600,000 subscribers and ₹164 crore in revenue – but that is still over a year away.
What we're watching
- Closing of the ACT acquisition by mid-September 2026.
- Broadband subscriber adds and ARPU trends in coming quarters.
- Whether PAT can sustain above breakeven as margins remain thin.
The full read
GTPL Hathway's Q1 numbers show a business that has stopped bleeding but hasn't started sprinting. Revenue crossed ₹10,199 million, up 12% , and PAT turned positive at ₹23 million after a ₹14 crore loss in Q4. The EBITDA margin of 10.7% is better than the 8% in the prior quarter but still thin for a cable operator. Broadband, the touted growth driver, managed only 5% revenue growth. The real catalyst remains the ₹36.23 crore ACT Group acquisition, which will bring 600,000 subscribers and ₹164 crore in revenue — but not until mid-2026. Until then, this is a low-margin, slow-growth story.
Questions answered
- How did GTPL achieve profitability after a Q4 loss?
- Cost control and revenue growth drove EBITDA up sequentially, pushing PAT positive at ₹23 million compared to a ₹14 crore loss in Q4 (Mar 2026 quarter).
- What is the status of the ACT acquisition?
- The acquisition of 7 ACT Group digital TV businesses for ₹36.23 crore is on track for completion by mid-September 2026, adding about 600,000 subscribers.
- How is broadband performing?
- Broadband revenue grew 5% YoY to ₹1,425 million, with active subscribers at 1.06 million.
- Is the 10.7% EBITDA margin sustainable?
- It improved from 8% in Q4 but remains low for a cable operator. Management has not given long-term margin guidance.
GTPL Hathway Ltd.
Latest quarter · Mar 2026
Strength & growth
Story so far
All notes on GTPL →- 15 Jul 2026 · 7:54 PM IST GTPL Hathway swings to profit in Q1, ACT deal on schedule
- today GTPL Hathway loses CFO as it navigates uneven profits, no successor named
- today GTPL Hathway swings to profit in Q1, ACT deal takes effect
- today GTPL Hathway posts ₹2 cr profit after ₹6 cr loss in Q1
- 22d ago GTPL Hathway buys ACT's cable TV biz for ₹36 cr, adds 600k subs