GTPL Hathway Limited (GTPL) announced its financial results for the quarter ended September 30, 2026, revealing a significant increase in Digital TV subscribers and a robust revenue growth. The company’s total revenue for Q2 FY27 stood at ₹11,464 million, marking a 19% year-over-year increase. This growth is primarily driven by a 1.5 million increase in Digital TV subscribers, reflecting a 16% year-over-year rise.

Digital TV Subscriber Growth

As of September 30, 2026, GTPL Hathway’s Digital TV active subscribers reached 11 million, up from 9.5 million a year ago. The increase in paying subscribers also stood at 10.3 million, showing a 17% year-over-year growth. This surge in subscribers has positively impacted subscription revenue, which stood at ₹3,455 million for Q2 FY27, reflecting a 14% year-over-year increase.

Broadband Revenue and Subscriber Growth

Broadband subscribers increased by 20,000 year-over-year to 1.07 million. Broadband revenue grew by 5% year-over-year to ₹1,459 million. The Homepass, which includes potential broadband customers, stood at 6 million, an addition of 50,000 year-over-year. The average revenue per user (ARPU) for broadband stood at ₹470 per month per subscriber, up by ₹5 year-over-year.

Commenting on the results, Mr. Anirudhsinh Jadeja, Managing Director of GTPL Hathway Limited, said, “In the first half of FY27, we have remained focused on expanding our footprint, improving the scalability of our operations, and building a stronger platform across Digital TV and Broadband. The completion of the ACT Group transaction is an important step in this direction. With the addition of approximately 6 lakh subscribers across Andhra Pradesh, Telangana, Odisha, and Karnataka, we have further strengthened our presence in these markets and expanded our operating scale. As we move forward, our focus will be on effective integration of the acquired operations, strengthening our presence across markets, expanding our Broadband business, and improving the overall economics of our operations. We believe that our increasing scale, wider footprint, and integrated Digital TV and Broadband capabilities provide us with a strong platform to capture the opportunities ahead and create sustainable long-term value for our stakeholders.”

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of GTPL Hathway Limited

GTPL Hathway Limited belongs to the Communication Services › Entertainment sector. Here’s a quick read on where the business and the stock stand today.

GTPL falls 9.7% over three months and has not found a floor yet. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. 1 loss quarter(s) over five years signals earnings fragility — not chronic but worth noting. Buyers show up with 1.5x the volume of sellers. Moreover, they dominated on 18 of recent sessions versus 11 for sellers — a healthy accumulation pattern. Revenue grows at 11.9% and the stock moves sideways over three months. Neither side makes a strong case. The next earnings print will likely break this stock out of its current range. Check Fundamentals of GTPL Hathway Limited.