GTPL Hathway

GTPL Hathway reported a disappointing Q4Current reported value: 4. No comparable prior figure is available in the source record. FY26 with consolidated revenue of INR 934.4 croreCurrent reported value: INR 934.4 crore. No comparable prior figure is available in the source record. (+4% YoY) and reported EBITDA margin of 9.7%Current reported value: 9.7%. No comparable prior figure is available in the source record., impacted by lower operating days, one-time provisions of ~INR 7.5 crore, and a forex loss of ~INR 9Current reported value: 9. No comparable prior figure is available in the source record. crore. The company posted a net loss, driven by these exceptional items. Cable TV subscriber base remained flat at 9.44 millionCurrent reported value: 9.44 million. No comparable prior figure is available in the source record. (paying 8.70 million), while broadband added only 15k subscribers YoY to 1.06 millionCurrent 1.06 million. Reported change: +15k YoY.. Management attributed the muted performance to a focus on launching the HITS platform (GTPL Infiniti) and conservative accounting adjustments. They guided for aggressive consolidation and subscriber growth from Q1 FY27, with annual capex of ~INR 350 crore. Key risk: structural decline in cable TV due to OTT competition and rising churn (~17-18%) may limit recovery.