GTPL Hathway swings to profit in Q1, ACT deal takes effect
Standalone net profit of ₹2.01 cr marks a turnaround from the ₹5.90 cr loss in March, but margins remain thin. The ₹36.23 cr ACT cable acquisition adds 600k subscribers from July.
— 4 earlier stories on GTPL Hathway Ltd. →What's new
- Standalone profit of ₹2.01 cr vs loss of ₹5.90 cr in the previous quarter
- Consolidated net profit of ₹1.38 cr vs loss of ₹13.93 cr in Q4
- ACT Group cable TV acquisition effective 1 July 2026; adds 600,000 subscribers
Why this matters
GTPL has stopped the bleeding after two quarters of losses, but the profit pool is tiny for a ₹686 cr market-cap company. The ACT acquisition doubles the subscriber base and adds ₹164 cr in revenue, though integration costs will test whether scale translates to earnings.
What we're watching
- Whether the internet service business sustains its ₹3.52 cr operating profit
- How quickly ACT's operations are folded into GTPL's cable segment
- Any update on the DoT license fee demands flagged in the audit review
The full read
GTPL Hathway swung back to a standalone net profit of ₹2.01 crore in the June quarter, recovering from a ₹5.90 crore loss in March. Revenue rose 16% to ₹687.7 crore, helped by a narrower cable-TV operating loss of ₹4.75 crore and a ₹3.52 crore profit from the internet business. On a consolidated basis, net profit was ₹1.38 crore. The results are a relief after two quarters in the red, but the profit pool remains wafer-thin for a ₹686 crore market cap. The bigger news: the ₹36.23 crore acquisition of ACT's cable television operations took effect on 1 July, adding 600,000 subscribers. That integration will determine whether scale can lift margins. For now, GTPL is back in black — just barely.
Questions answered
- What drove GTPL's return to profitability in Q1?
- The cable-TV segment narrowed its operating loss to ₹4.75 cr from a larger loss in Q4, and the internet service business turned profitable at ₹3.52 cr. Combined with revenue growth of 16% YoY to ₹687.7 cr, these improvements lifted standalone net profit to ₹2.01 cr.
- How large is the ACT cable acquisition for GTPL?
- GTPL paid ₹36.23 cr for ACT's cable TV operations, which add 600,000 subscribers and a revenue base of about ₹164 cr. The deal took effect on 1 July 2026, so Q2 will be the first full quarter with the combined business.
- What are the auditor's concerns mentioned in the filing?
- The auditor's review reports include emphasis-of-matter paragraphs on existing DoT license fee demands, which are already disclosed as contingent liabilities. This is a recurring note and not a new development.
GTPL Hathway Ltd.
Latest quarter · Mar 2026
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All notes on GTPL →- 15 Jul 2026 · 6:50 PM IST GTPL Hathway swings to profit in Q1, ACT deal takes effect
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- today GTPL Hathway swings to profit in Q1, ACT deal on schedule
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- 22d ago GTPL Hathway buys ACT's cable TV biz for ₹36 cr, adds 600k subs