Hathway Cable & Datacom Ltd, a cable television distribution company, reported a YoY fall of ~39% in net profit for the third quarter ending December 31, 2024, posting ~₹13.6 crore compared to ~₹22.4 crore in the same period last year.
The company’s revenue from operations rose 1.3% to ₹511.2 crore, up from ₹504.6 crore in the year-ago quarter. At the operating level, EBITDA increased by 1.3% to ₹83.1 crore for Q3 FY25, compared to ₹82.1 crore in Q3 FY24. The EBITDA margin remained stable at 16.3% in the reporting quarter.
In November 2024, Hathway Cable & Datacom completed the acquisition of the remaining 61.15% equity stake (20,54,832 shares) in Hathway Cable MCN Nanded Private Limited (“Hathway Nanded”) from existing shareholders, including its subsidiary Hathway MCN Private Limited, for a nominal cash consideration of ₹11. This acquisition consolidates business operations, and as a result, Hathway Nanded has become a wholly owned subsidiary of the company.
Hathway Cable & Datacom provides cable television services through its wholly-owned subsidiary, Hathway Digital Private. The company holds a pan-India ISP licence and was the first cable TV provider to offer high-speed broadband services. On January 15, 2024, Hathway Cable Shares opened at ₹ 15.01 and touched the day low of ₹14.80 at 09:20 AM.
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Published on: Jan 15, 2025, 9:22 AM IST
Sachin Gupta
Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.
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