Hathway Cable & Datacom Ltd's Q3FY25 Quarter Results
- 15 Jan 2025
Result Summary
- Hathway Cable & Datacom Ltd reported a 2.0% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 0.6%.
- Its expenses for the quarter were up by 1.5% QoQ and 0.6% YoY.
- The net profit decreased 47.1% QoQ and decreased 39.0% YoY.
- The earnings per share (EPS) of Hathway Cable & Datacom Ltd stood at 0.1 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 532.13 | 543.26 | 535.33 | -2.0% | -0.6% |
Total Expenses | 515.38 | 507.63 | 512.36 | 1.5% | 0.6% |
Profit Before Tax | 16.35 | 35.75 | 22.97 | -54.3% | -28.8% |
Tax | 5.43 | 14.10 | 8.40 | -61.5% | -35.4% |
Profit After Tax | 13.64 | 25.78 | 22.35 | -47.1% | -39.0% |
Earnings Per Share | 0.10 | 0.10 | 0.10 | 0.0% | 0.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Hathway Cable & Datacom Ltd is a leading player in the Indian telecommunications and broadband services industry. The company offers a wide range of services, including cable television services through analog and digital cable distribution systems, broadband services, and value-added services like VoIP, IPTV, and OTT. Over the years, Hathway has firmly established itself in the Indian market through a large network spread across several key Indian cities. However, the company's recent financial performance indicates some challenges.
Revenue
In the third quarter of the financial year 2025 (Q3FY25), Hathway Cable & Datacom Ltd reported total income of ₹532.13 crores, which represents a 2.0% decrease from the second quarter of the same year (Q2FY25) and a 0.6% year-on-year decrease from Q3FY24. This contraction in the quarterly and yearly income signals a potential downturn in the company's ability to generate revenue, which might be due to various factors such as market competition, customer base changes, or shifts in the industry landscape.
Profitability
The company's profitability metrics also reflected a downward trend in the third quarter. The Profit Before Tax (PBT) for Q3FY25 was ₹16.35 crores, a significant decrease of 54.3% from Q2FY25 and a 28.8% decrease from Q3FY24. After accounting for tax expenses, the Profit After Tax (PAT) decreased to ₹13.64 crores in Q3FY25, down 47.1% QoQ and 39.0% YoY. These trends suggest that the company's profitability has been impacted, possibly due to increased operating expenses, diminished revenue, or a combination of both.
Operating Metrics
Hathway's operating metrics further elucidate the company's financial performance. The company's total expenses in Q3FY25 were ₹515.38 crores, marking a 1.5% increase from Q2FY25 and a 0.6% YoY increase. This rise in expenses, combined with the decline in total income, has likely contributed to the decrease in profitability. The Earnings Per Share (EPS) remained constant at ₹0.10 across Q3FY25, Q2FY25, and Q3FY24, indicating that the company's earnings distributed to each outstanding share of common stock have remained stable despite the downturn in other metrics.
