Hathway Cable & Datacom

Hathway Cable share price rises over 5% after Q2 profit jumps 29% YoY

The uptick in Hathway Cable & Datacom share price came after the company posted a strong set of September quarter (Q2FY25) financial performance.

Hathway Q1 results: PAT declines 18% to Rs 18 cr, revenue at Rs 502.6 cr

Hathway Cable & Datacom Ltd -- provider of cable and internet services -- on Wednesday reported a decline of 18.1 per cent in consolidated net profit to Rs 18.32 crore for the June quarter. The company had posted a net profit of Rs 22.36 crore in the April-June period a year ago, according to a regulatory filing from Hathway Cable, a firm owned by the Reliance Industries Group. Its total revenue was flat at Rs 502.61 crore in the June quarter. It was at Rs 499.23 crore in the corresponding period a year ago. During the quarter, its revenue from the Cable TV business was at Rs 336.14 crore and Rs 151.19 crore from broadband services in the June quarter of FY25. Hathway Cable's total income, which includes other income, was down 1.69 per cent in the June quarter to Rs 524.36 crore. Total expenses of Hathway Cable was down 2 per cent to Rs 503.14 crore.

Hathway Cable & Datacom Q3 results: Profit declines 22% to Rs 22.35 crore

Cable television distribution company Hathway Cable & Datacom Ltd on Tuesday reported a 22.31 per cent decline in consolidated net profit to Rs 22.35 crore for the third quarter of 2023-24. The company had posted a net profit of Rs 28.77 crore in the October-December period a year ago, according to a regulatory filing of Hathway Cable & Datacom, a firm controlled by Reliance Industries Group. However, its total revenue was up 5.46 per cent to Rs 504.58 crore in the October-December quarter. It was at Rs 478.45 crore in the corresponding period a year ago. In the December quarter, total expenses of Hathway Cable & Datacom were at Rs 512.36 crore, up 5.7 per cent. Shares of Hathway Cable & Datacom Ltd on Tuesday settled at Rs 23.85, down 2.77 per cent from the previous close.

Reliance Jio's Hathway, Hinduja arm in race to acquire Siti Networks

Hathway Digital and IndusInd Media & Communications did not wish to comment on the development

Hathway Cable & Datacom Q1 consolidated net profit up 6.6% to Rs 22.36 cr

Hathway Cable & Datacom Ltd on Monday reported a 6.62 per cent increase in consolidated net profit to Rs 22.36 crore for the quarter ended in June 2023. The company had posted a net profit of Rs 20.97 crore in the April-June period a year ago, Hathway Cable & Datacom said in a BSE filing. Its revenue from operations was 11.63 per cent higher at Rs 499.23 crore during the quarter under review as against Rs 447.18 crore in the corresponding quarter of the last fiscal. Total expenses of Hathway Cable in the first quarter of 2023-24 were up 13.85 per cent to Rs 513.85 crore. Its total income in the June quarter was at Rs 533.37 crore, up 14.75 per cent. Shares of Hathway Cable & Datacom Ltd on Monday settled at Rs 15.80 on BSE, up 3.4 per cent from the previous close.

Hathway Cable & Datacom posts Q4 consolidated net loss at Rs 14.61 crore

Hathway Cable & Datacom Ltd, a provider of Cable TV & Fiber internet services, on Monday reported a consolidated net loss of Rs 14.61 crore for the fourth quarter that ended March 31, 2023. The company had posted a net profit of Rs 28.42 crore in the January-March period a year ago, Hathway Cable & Datacom said in a BSE filing. However, its revenue from operations was at Rs 459.59 crore, up 2.40 per cent, as against Rs 448.79 crore in the corresponding quarter last fiscal. Its revenue from the broadband business was at Rs 159.16 crore and Rs 300.43 crore from the Cable TV business in the fourth quarter. Hathway Cable's total expenses in Q4/FY23 were up 8.24 per cent to Rs 484.49 crore. Its consolidated net profit for the financial year ended March 31, 2023, declined 49.85 per cent to Rs 65.37 crore. It was Rs 130.35 crore in FY22. Hathway Cable's revenue from operations was up 3.64 per cent to Rs 1,858.44 crore in FY23 from Rs 1,793.02 crore a year ago. Meanwhile, the ...

Stocks to Watch: Infosys, HDFC Bank, Tinplate, Brightcom, Vedanta, Thermax

Infosys is scheduled to announce results today, while HDFC Bank shall be reporting its Q4 numbers on Saturday.

Hathway share sale oversubscribed, to help promoters meet 25% holding norms

The 205-million share offering (11.61% equity stake) attracted bids for 279 million shares with both retail and non-retail portion getting oversubscribed

Hathway Cable gains 3% as Reliance Industries launches Rs 442-crore OFS

The OFS is open for non-retail investors today while the same will open for retail investors on Tuesday, April 27.

Stocks to watch: Tech Mahindra, ICICI Bank, HCL Tech, Hathway Cable

Tech Mahindra is likely to post modest revenue growth in the fourth quarter of the financial year 2020-21, believe analysts

Den Networks slips 11% on calling off merger with TV18 Broadcast

Considering that more than a year has passed from the time the board considered the scheme, it has decided to not proceed with the arrangement envisaged in the scheme," Den Networks said

Merger of TV18 Broadcast, Hathway, Den Networks into Network18 called off

Considering that more than a year has passed from the time the board considered the scheme, it has decided to not proceed with the arrangement envisaged in the scheme, Den said in a statement

Stocks to watch: Kalyan Jewellers, Suryoday SFB, Hathway Cable, CG Power

French company Groupe Atlantic would invest Rs 68.3 crore in Somany Home Innovation Limited (SHIL) for 50 per cent stake in its water heater business, as per a regulatory filing

Den Networks, Hathway Cable freeze at 10% upper circuit post Q1 results

In Q1FY21, Den Networks' consolidated net profit jumped an over four-fold to Rs 58 crore, on the back of strong operational performance by cable business.

Hathway Cable, TV18 Broadcast surge 20% as RIL to consolidate media biz

For every 100 shares of TV18, Hathway, and Den, their shareholders would get 92, 78, and 191 shares of Network18

Market Ahead, February 18: All you need to know before the Opening Bell

Reliance Industries has said it is consolidating its media and distribution business spread including TV18 Broadcast, Hathway Cable & Datacom, DEN Networks into Network18

RIL consolidates media biz: TV18, Hathway and DEN to merge into Network18

RIL's stake in Network18 would reduce to 64 per cent, from 75%, following the merger

Hathway, Den Network rally up to 20% on Jio GigaFiber launch buzz, PVR dips

Shares of LCOs including Hathway cables and Datacom, Den Networks and GTPL Hathway zoomed in the range of 5 to 20% during the morning deals on the BSE while those of PVR & INOX Leisure slipped up 10%

Hathway, Den Networks rally upto 20% after strong Q2 results by Hathway

Hathway Cable & Datacom has locked in upper circuit of 20% at Rs 38.25, while Den Networks was up 8% to Rs 91 on the BSE

Will gains from GTPL Hathway IPO be enough?

Given Hathway's high leverage and investments in broadband business, sale proceeds appear minuscule