GTPL Hathway Releases Quarterly Results; Reports Profit Amid License Fee Contention
GTPL Hathway Limited today announced its unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. The company recorded a net profit after tax of 20.12 million in its standalone results, while consolidated figures showed a net profit of 23.22 million attributable to equity holders during the same period.The financial results reflect both operations and strategic moves by the conglomerate. Notably, GTPL Hathway entered into a Business Transfer Agreement (BTA) on June 23, 2026, with entities belonging to the ACT Group for the acquisition of their Cable Television Business via a slump sale. The acquisition is scheduled to become effective on July 1, 2026, for an aggregate consideration of Rs 362.30 million.
Financial Performance Highlights (Q Ended June 30, 2026)
The following table summarizes the key financial metrics from the Standalone results:| Metric | Value (Rs Million) |
|---|---|
| Revenue from Operations | 6,877.25 |
| Total Income | 6,932.10 |
| Net Profit/Loss after Tax | 20.12 |
The Consolidated unaudited financial results for the quarter also showed robust performance across segments:
| Segment Category | Revenue (Rs Million) | Internet Service Revenue (Rs Million) | Cable TV Business Revenue (Rs Million) |
|---|---|---|---|
| Consolidated | 10,154.07 | 1,431.97 | 8,573.78 |
Litigation and Contingent Liabilities Remain Key Focus Areas
A significant portion of the financial reporting relates to ongoing disputes with the Department of Telecommunications (DoT) concerning license fees. Both standalone and consolidated entities face substantial demands from DoT.The company has noted a demand from DoT regarding license fees, aggregating to Rs 9,754.15 million. This includes a principal amount of Rs 2,286.50 million and related interest and penalty amounting to Rs 7,467.65 million, as received by the company. Based on its assessment of the legal position and independent counsel opinion, the management stated that it has good grounds to defend itself in this matter, and no provision has been recognized; instead, the demand has been accounted for as a contingent liability.
Subsidiaries also face similar regulatory challenges:
- GTPL Broadband Private Limited (GBPL) faces a DoT license fee demand aggregating up to Rs 3,749.12 million, which is considered a contingent liability.
- GTPL KCBPL Broadband Private Limited has a potential liability for license fees amounting up to Rs 353.92 million until June 30, 2026, which has been booked as a contingent liability.
The company confirmed that the financial results were reviewed by the Audit Committee and subject to limited review by Statutory Auditors.
GTPL Stock Price Movement
Today, GTPL Hathway Limited saw its stock rally, closing at ₹65.14 after gaining 4.31%. The equity traded within a range of ₹62 to ₹65.7 during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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