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GTPL Hathway Margin Trend — Quarter by Quarter

GTPL Hathway's EBITDA margin moved from 11.0% in Q2 FY26 to 9.0% in Q4 FY26 across 3 quarters. Management commentary below explains the cost and pricing drivers mentioned on calls.

EBITDA Margin by Quarter

QuarterEBITDA Margin (%)YoY Change
Q4 FY269.0%—
Q3 FY2612.0%—
Q2 FY2611.0%—

What management said about ebitda margin

G

Q3 FY26 · EBITDA CAGR target of 13-14%

Management targets EBITDA CAGR of 13-14% as cost benefits from satellite platform materialize.

G

Q2 FY26 · HITS platform launch in Q3 FY26

The company plans to launch its HITS (Headend in the Sky) platform in the third quarter, which will enable pan-India reach and cost savings.