Q3 2026 GTPL Hathway Ltd Earnings Call Transcript
Key Points
- GTPL Hathway Ltd (BOM:540602) launched GTPL Infinity, a Headend in the Sky platform, which is expected to significantly reduce deployment time and operating costs while enabling pan-India reach.
- The company reported a 5% year-on-year increase in total revenue for Q3 FY26, reaching INR9,382 million.
- Broadband revenue grew by 4% year-on-year, with an active subscriber base increase of 18,000 new subscribers.
- The broadband average revenue per user (ARPU) remained stable at INR465, with average monthly data consumption rising by 12% year-on-year to 410 GB.
- GTPL Hathway Ltd (BOM:540602) is focusing on both organic and inorganic growth opportunities to drive sustainable growth across its core business segments.
- Cable TV subscription revenue declined by 2% due to a decrease in the active subscriber base from 8.9 million to 8.7 million.
- Placement revenue decreased by 5% quarter-on-quarter, linked to a decline in pay channel costs.
- Employee costs were impacted by a one-time expense of INR22 million due to the new wage code.
- The company faced challenges in customer retention, with a slight dip in active cable TV subscribers.
- The launch of GTPL Infinity incurred additional amortization and finance costs, impacting the financials without immediate revenue benefits.
Ladies and gentlemen, good day, and welcome to GTPL Hathway's Q3 FY26 earnings conference call, hosted by Emkay Global Financial Services Limited. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Pranav Kshatriya, Emkay Global Financial Services Limited.
Thank you, and over to you, sir.
Good afternoon, everyone. I would like to welcome the management and thank them for this opportunity. We have with us today Mr. Anirudhsinh Jadeja, Promoter and Managing Director; Mr. Piyush Pankaj, Business Head, B2B and Chief Strategy Officer; and Mr. Saurav Banerjee, Chief Financial Officer. I shall now hand over the call to Mr. Anirudhsinh Jadeja for his opening remarks. Over to you, sir.
Thank you, Pranav. Good evening, everyone. Thank you for joining us today as we discuss GTPL Hathway's performance for third
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