5406022025-10-012025-12-315406022025-12-315406022025-04-012025-12-315406022025-10-012025-12-31in-capmkt:OtherExpenses1Member5406022025-10-012025-12-31in-capmkt:OtherExpenses2Member5406022025-04-012025-12-31in-capmkt:OtherExpenses1Member5406022025-04-012025-12-31in-capmkt:OtherExpenses2Member5406022025-10-012025-12-31in-capmkt:ReportableSegments1Member5406022025-10-012025-12-31in-capmkt:ReportableSegments2Member5406022025-10-012025-12-31in-capmkt:ReportableSegments3Member5406022025-04-012025-12-31in-capmkt:ReportableSegments1Member5406022025-04-012025-12-31in-capmkt:ReportableSegments2Member5406022025-04-012025-12-31in-capmkt:ReportableSegments3Member5406022025-10-012025-12-31in-capmkt:ReportableSegments1Member5406022025-10-012025-12-31in-capmkt:ReportableSegments2Member5406022025-10-012025-12-31in-capmkt:ReportableSegments3Member5406022025-04-012025-12-31in-capmkt:ReportableSegments1Member5406022025-04-012025-12-31in-capmkt:ReportableSegments2Member5406022025-04-012025-12-31in-capmkt:ReportableSegments3Member5406022025-10-012025-12-31in-capmkt:ReportableSegments1Member5406022025-12-31in-capmkt:ReportableSegments1Member5406022025-10-012025-12-31in-capmkt:ReportableSegments2Member5406022025-12-31in-capmkt:ReportableSegments2Member5406022025-10-012025-12-31in-capmkt:ReportableSegments3Member5406022025-12-31in-capmkt:ReportableSegments3Member5406022025-10-012025-12-31in-capmkt:ReportableSegments1Member5406022025-12-31in-capmkt:ReportableSegments1Member5406022025-10-012025-12-31in-capmkt:ReportableSegments2Member5406022025-12-31in-capmkt:ReportableSegments2Member5406022025-10-012025-12-31in-capmkt:ReportableSegments3Member5406022025-12-31in-capmkt:ReportableSegments3Member5406022025-10-012025-12-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15406022025-04-012025-12-31ItemsThatWillNotBeReclassifiedToProfitAndLoss1iso4217:INRiso4217:INRxbrli:shares540602GTPLNOTLISTEDINE869I01013GTPL HATHWAY LIMITEDMain BoardEquity2025-04-012026-03-312026-01-122026-01-05INRMillionsQuarterlyThird quarterMulti segment2026-01-1216:15:002026-01-1217:18:00Not applicable2025-10-012025-12-31UnauditedConsolidated93262100005542000093816300000154200001037000041122000010114000093818000077554900009231820000149810000014981000063210000-2639000036820000011299000000026000001155900001400000116990000110080000551000011104000059500001124630000100.980.98000.980.981. The above consolidated unaudited financial results of GTPL Hathway Limited ("the Parent") and its subsidiaries (the Parent and its subsidiaries together referred to as "the Group") and its share of profit /(loss) of Associate / Joint Ventures are prepared in accordance with Indian Accounting Standards as prescribed under Section 133 of the Companies Act, 2013, read with the relevant rules issued thereunder, and other accounting principles generally accepted in India. <BR> <BR> 2. The above consolidated unaudited financial results were reviewed and recommended by the Audit Committee and subsequently approved by the Board of Directors at their meetings held on January 12, 2026 in terms of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015. The same have been subjected to Limited Review by the Statutory Auditors. <BR> <BR> 3. Exceptional items for the year ended March 31, 2025, Impairment of Goodwill amounting to Rs.1.21 million for one of the subsidiary company. <BR> <BR> 4. The Department of Telecommunications, Ministry of Communications, Government of India (“DoT”) has raised demand of Rs 9,754.15 million on the Parent consisting of Principal amount of Rs. 2,286.50 million (as of July 31, 2020) and related interest, penalty and interest on penalty of Rs 7,467.65 million towards license fee by including the revenue generated from its cable television business. <BR> <BR> These demands are mainly based on Hon’ble Supreme Court’s Judgment in the matter of Union of India v/s AUSPI & Ors. bearing C.A. Nos.6328 – 6399 on AGR dues from telecom operators (“AGR Judgment”). Subsequently, vide order dated June 11 and June 18, 2020, the Supreme Court clarified that the AGR judgement pertaining to telecom companies could not have been basis for raising demands in the non-telecom PSUs and accordingly DoT withdrew the demands on the non-telecom PSUs. The Parent, in line with the observations made by the Supreme Court has made representations to DoT against said demands, which DoT has taken on record. <BR> <BR> Also, All India Digital Cable Federation (AIDCF) for all its member companies had filed an intervention petition in TDSAT in the matter of Asianet Satellite Communications Private Limited versus Union of India bearing TP No. 54 of 2020 challenging the demands raised on such member companies (the Parent being a member too) by including its non-licensed income for computation of license fees. Further, the Ministry of Information & Broadcasting has in February 2021 written to DoT (along with the representation of AIDCF) that it grants permission to Multi System Operators ("MSOs") for cable tv operations and does not levy any license fee on the revenue, and hence the revenues earned by MSOs from cable tv business may not be clubbed with the revenue earned by them under Internet Service Provider’s license. <BR> <BR> With effect from 01/10/2021,definition of AGR has been amended and Applicable Gross Revenue (ApGR) was introduced which was starting point for arriving AGR. ApGR specifically excludes revenue from activities under a license / permission issued by MIB. Further, by an order dated 05.10.2021, the TDSAT has stayed all demands of additional license fee. The interim order is continuing and the petition is pending before the TDSAT. Additionally, TDSAT in February 2022 set aside the demands raised by DoT in matter relating to another ISP license holder by treating them at par with some PSUs who held similar license. The DoT has challenged the TDSAT order which is still pending. Hence, the extent and timing of outflow of funds that may be required is dependent on the outcome of litigation. <BR> <BR> Basis its assessment of the legal position as stated above and based on the opinion of independent legal experts, the Parent is confident that it has good grounds on merit to defend itself. Accordingly, the Parent is of the view that no provision is necessary to be made in the financial results in relation to the demands and the same has been considered as a contingent liability. <BR> <BR> 5. GTPL Broadband Private Limited (“GBPL”) has been granted Unified License from the Department of Telecommunication (“DoT”) in 2016, under which GBPL is required to pay annual license fee at the rate of 8% of the adjusted gross revenue (“AGR”).The definition of “Gross Revenue” under the ISP license issued prior to 2013 excluded revenue from Pure Internet Services (“PIS”). However, the Unified License introduced in 2013 removed the exclusion/exemption granted to revenue from PIS without following the due process of law as required under Section 11(1) of the TRAI Act. This discrimination was challenged by Internet Service Providers Association of India (“ISPAI”) before the Telecom Disputes Settlement and Appellate Tribunal (“TDSAT”) in telecompetition no.169 of 2014 and GBPL vide another petition alleging disparity and non-level playing field among similarly placed license holders.The TDSAT passed an order dated 18.10.2019 (“ISPAI Judgement”) holding the clause to be discriminatory and contrary to the concept of level playing field and also stated that decision of DoT to remove the exclusion/exemption granted to ISPs was not in conformity with the requirements of fairness and transparency inherent in Section 11(1) of the TRAI Act. Accordingly, all demands by DoT upon Unified Licensees on the basis of revenue from PIS were quashed and none of the unified license holders are required to pay license fees on PIS. The said TDSAT order has been challenged by DoT and a civil appeal is pending before Hon’ble Supreme Court. Additionally, TDSAT, following ISPAI judgement, has also allowed the petition filed by GBPL challenging inclusion of PIS for computation of AGR and set aside the letter of DoT seeking inclusion of revenue from PIS for computation of AGR. This judgement has not been challenged before the Hon’ble Supreme Court of India. <BR> <BR> On March 31, 2021, DoT through amendment dated 31.03.2021 (‘DOT Amendment”) amended the definition of AGR for ISP Licenses granted under the old regime, thereby including the revenue from Pure Internet Services as part of AGR for calculating license fees payable by ISP Licenses. The said DOT Amendment has been stayed by the TDSAT in relation to cases filed by the license holders of the old regime. The extent and timings of outflow of funds that may be required is dependent on the outcome of litigation. <BR> <BR> In the previous years, DoT had issued demand-cum-show cause notices for assessment of license fees for financial years 2016-17 to 2023-24, demanding license fees along with interest after disallowing deduction of revenue from PIS, subject to the outcome of the civil appeal pending before the Hon’ble Supreme Court. GBPL has submitted replies to the demands citing reference of the above-mentioned facts. <BR> <BR> During the quarter ended December 31, 2025, GBPL received similar demand-cum-show cause notice for the assessment of license fees for financial year 2024-25, for which GBPL is in the process of submitting the reply. <BR> <BR> Based on its assessment of the legal position and the status of the matters as described above and based on opinion of independent legal experts, GBPL is confident that it has good grounds on merit to defend itself in this matter. Accordingly, no provision has been recognized for the financial years for which such demand have been received by GBPL and related interest and penalty thereon in respect of the aforesaid matter in the financial results as at December 31, 2025 towards the license fees. Hence, an estimated amount of Rs. 3,568.71 million has been considered as contingent liability. <BR> <BR> 6. The GTPL KCBPL Broadband Private Limited ("KCBPL Broadband"), a step down subsidiary of the Parent, has been granted Unified License from Department of Telecommunication (“DoT”), under which KCBPL Broadband is required to pay annual license fee at the rate of 8% of the adjusted gross revenue (“AGR”). The definition of “Gross Revenue” under the ISP license issued prior to 2013 excluded revenue from Pure Internet Services (“PIS”). This discrimination was challenged by the Internet Service Providers Association of India (“ISPAI”) before the Telecom Disputes Settlement and Appellate Tribunal (“TDSAT”) alleging disparity and non-level playing field among similarly placed license holders. The TDSAT passed an order dated October 18, 2019 (“ISPAI judgment”) holding the clause to be discriminatory and contrary to the concept of a level playing field. The said TDSAT order has been challenged by DoT and a civil appeal is pending before Hon’ble Supreme Court of India. <BR> Further, the department of telecommunications, through amendment vide File No. 820-01/2006-LR(VOL-II) Pt-2 dated 31.03.2021 ("DOT Amendment") amended the definition of Adjusted Gross Revenue ("AGR") for Internet Service Provider ("ISP") Licenses granted under the applicable guidelines for Unified Licenses holder, thereby including the revenue from Pure Internet Services as part of AGR for calculating licenses fee payable by ISP Licenses. The DOT Amendment has been stayed by the TDSAT in relation to cases filed by the other licenses holders. KCBPL Broadband having Unified license and duly protected by the TDSAT judgement dated October 18, 2019 and also the DOT amendment being stayed by TDSAT in cases filed by other license holders and based on the legal opinion obtained from independent legal counsel, KCBPL Broadband is confident that it has good ground on merit to defend itself in this matter. Accordingly, KCBPL Broadband is of the view that no provision is required in respect of the aforesaid matter in the financial results. <BR> <BR> Since the litigation is pending with Hon'ble Supreme Court and also with TDSAT, a liability for payment of license fee till December 31, 2025 works out to Rs. 268.00 million (8% of Rs. 3,349.96 million Adjusted Gross Revenue) while till March 31, 2025 works out to Rs. 215.18 million (8% of Rs. 2,689.73 million Adjusted Gross Revenue) has been considered to be contingent in nature. <BR> <BR> 7. Consolidated Segment Reporting <BR> <BR> 8. Financial results of GTPL Hathway Limited (Standalone) :- <BR> <BR> (Rs. in Millions) <BR> Particulars Quarter ended Nine months ended <BR> December 31, 2025 December 31, 2025 <BR> <BR> Revenue from Operations 6100.30 18405.15 <BR> Profit/(Loss) before Tax 12.24 162.83 <BR> Net Profit/(Loss) after Tax 9.06 117.80 <BR> <BR> 9. Employee benefits expense includes an amount of Rs. 28.96 million being the impact of implementation of the New Labour Code. <BR> 2025-04-012025-12-31UnauditedConsolidated27953730000168470000281222000000144540000-116100001219030000274730000276107000023356950000277447100003774900000377490000864000003324000011964000002578500000004940000262790000440000263230000307750000-44960000309060000-458300001124630000102.742.74002.742.74Operating Expenses6812770000Other Expenses942720000Operating Expenses20520680000Other Expenses2836270000Cable TV Business7745510000Internet Service1441250000Projects (Including O&M)183370000Cable TV Business23248590000Internet Service4210050000Projects (Including O&M)62237000093701300002808101000043920000127280000932621000027953730000Cable TV Business-29960000Internet Service141390000Projects (Including O&M)40980000Cable TV Business-73150000Internet Service320710000Projects (Including O&M)1348700001524100003824300000000152410000382430000Cable TV Business26479700000Internet Service9009040000Projects (Including O&M)110875000036597490000036597490000Cable TV Business18954030000Internet Service4021620000Projects (Including O&M)79082000023766470000023766470000Items that will not be reclassified to profit or loss18700001870000Items that will not be reclassified to profit or loss590000590000470000150000001400000440000