Cable and broadband service provider GTPL Hathway Ltd has reported a sharp fall in its profit for the Q2 ending September 2025. The company’s consolidated net profit dropped 46.16 per cent to Rs 7.4 crore, compared to Rs 13.74 crore recorded in the same quarter last year.
The dip in profit was announced through a regulatory filing by GTPL Hathway, which operates as part of the Reliance Industries Group. The decline comes despite rising demand for digital and cable services in several Indian markets.
Revenue Moves Up
Interestingly, the profit slide came even as revenues showed strong growth. GTPL’s total revenue for the quarter rose 12 per cent to Rs 959.05 crore, compared to Rs 855.56 crore in the year-ago period.
The company’s total income, which also includes other income streams, climbed 11.9 per cent to Rs 964.93 crore, reflecting a steady increase in demand for both television and internet services.
Cable and Internet Split
Breaking down the business, GTPL earned Rs 802.64 crore from its Cable TV segment in the second quarter. Meanwhile, its internet services generated Rs 140.11 crore, highlighting the growing importance of broadband in the company’s overall portfolio.
This mix shows that while cable TV remains the company’s primary revenue driver, broadband internet is increasingly becoming a strategic growth engine, given rising household demand for faster connections.
Expenses Continue Rising
One of the key reasons behind the falling profit is rising operating costs. GTPL’s total expenses increased by 13 per cent, reaching Rs 954.40 crore during the quarter.
The higher costs have limited the company’s ability to convert its expanding revenue base into stronger net profits. Analysts suggest that without tighter cost controls, future quarters may continue to face similar profitability pressure.
Stock Market Reaction
Despite the earnings drop, investors reacted positively. Shares of GTPL Hathway ended the day up 0.6 per cent at Rs 109.05 on the BSE. The marginal gain indicates that markets may already have factored in the decline in profit, while focusing more on the company’s revenue growth potential.
Market watchers believe GTPL’s steady expansion in cable and broadband services could help it maintain investor interest, even if short-term profit pressures persist.
Cable TV vs Netflix
The results also reopen the larger debate of Cable TV vs Netflix and other streaming platforms. While cable operators like GTPL still generate strong revenue, especially in regional markets, the rising dominance of OTT platforms is reshaping how Indian households consume content.
With more families opting for Netflix, Disney+ Hotstar, and JioCinema, cable providers face the dual challenge of retaining traditional subscribers while investing heavily in internet infrastructure. GTPL’s strong broadband growth suggests it is adapting to this changing landscape, positioning itself as both a cable and digital services provider.
Future Outlook
Industry experts say that GTPL Hathway’s ability to manage content costs, broadband expansion, and operational efficiency will define its future earnings. While cable TV remains its backbone, broadband and digital services are likely to become more critical in the coming years.
For now, the September quarter shows a clear contrast: rising revenue but falling profit. How GTPL balances this in the coming quarters will determine whether it can stay competitive in an era where streaming continues to challenge cable television in India.
