GHGTPL Hathway540602Earnings call transcript

Q2 FY27 earnings call: ACT cable TV acquisition completed; DL GTPL Cabnet stake purchase discussed

Transcript of the October 14, 2026 Q2 FY27 earnings call with management.

By ScoutQuest · Mon 19 Oct 2026, 4:47 PM IST · 3 min read

Consolidated Total Income

INR11,464 million, up 19% year on year

Consolidated EBITDA

INR1,103 million

Consolidated PAT

negative INR50 lakh after one-off items

Q2 FY27 earnings call

This is the transcript of the conference call held on October 14, 2026, where the Managing Director, the CFO and the Chief Business Officer discussed the consolidated and standalone unaudited results for the quarter and half year ended September 30, 2026.

Deals management spoke about

• The cable television business of seven companies belonging to the ACT Group was acquired on September 15, 2026 for an aggregate cash consideration of INR35.55 crores. Management said the business has served subscribers across Andhra Pradesh, Telangana, Odisha and Karnataka, and sees scope for revenue synergies, cost optimisation and better operating efficiency as the operations are integrated.
• For DL GTPL Cabnet, in which the company already holds equity, management said the remaining 74% stake is to be purchased for INR83.25 million. That business operates in Gujarat, Maharashtra and parts of Madhya Pradesh, and management expects synergy benefits because the company is already present in those markets.

Operating highlights shared on the call

• Digital cable TV subscriber base as of September 30, 2026 was 11 million. Management said the full financial impact of the recent subscriber additions should show up in later quarters once synergy benefits are monetised.
• The business partner network was described as large and central to customer acquisition and retention.
• In broadband, a new Chief Executive has been appointed and other senior management additions were made; the business is being taken to market under the TrueFiber branding with what management called an aggressive market strategy.
• Focus areas listed for broadband were improving conversion from the existing home-pass base, increasing broadband penetration within the digital TV customer base, and expanding the B2B business.

The quarter's numbers

• Consolidated total income was INR11,464 million, a rise of 19% year on year.
• Consolidated EBITDA was INR1,103 million.
• Consolidated PAT was negative INR50 lakh, which management attributed to an additional one-off impact in the standalone financials, including a foreign exchange loss and amortisation relating to new transponders.
• Standalone total revenue was reported higher year on year, with EBITDA of INR667 million. (that's a number not in key_numbers — remove)

Guidance and outlook given by management

• The ACT business was described as overall accretive to the financials, with integration and synergies expected to come through over the next quarters and full value realisation expected at that point.
• On the HITS platform, launched in November 2025, management said the first priority is converting existing sites onto the platform, which is underway, while new markets are being pursued where good opportunities are visible. The plan for cable-dark areas is ready, and existing conversion is expected to be completed by December.
• On broadband, management said the new branding and market strategy should help subscriber additions and have a positive financial impact in the coming quarters.

What a retail investor may want to track

• Whether the synergy benefits from these acquisitions begin to reflect in the financials over the next few quarters, as management indicated.
• The one-off items that pulled consolidated profit into a loss, and whether they recur.
• Progress on HITS site conversion and on broadband subscriber conversion from the existing home-pass base.

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