Hathway Cable & Datacom Ltd standalone net profit of Rs23.9cr in Q3FY18, vs net loss of Rs44.4cr in Q3FY17

The company’s standalone revenue stood at Rs138.7cr, down 58.9% yoy but up 5.7% qoq.

Feb 12, 2018 05:02 IST India Infoline Research Team

Hathway Cable & Datacom Ltd Q3FY18

Standalone Results Q3FY18: (Rs. in crore)

Q3FY18 YoY (%)
Revenue 138.70 [58.9]
EBITDA 60.1 [7.7]
EBITDA Margin (%) 43.3 2,405
Net Profit (adjusted) 23.9 NA
***EBITDA margin change is bps


Reco. Price


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Hathway Cable & Datacom (standalone) reported a net profit of Rs23.9cr in Q3FY18 against a loss of Rs44.4cr in Q3FY17. Company's revenue declined by 58.9% yoy to Rs138.7cr. however, it was up 5.7% on sequential basis. Though the EBITDA declined by 7.7% on yoy basis to Rs60.1cr, the EBITDA margin expanded significantly to 43.3% against 19.3% in Q3FY17. Sequentially, the EBITDA margin witnessed expansion of 317bps. Lower depreciation and interest outgo coupled with nil tax for the quarter led to a profit of Rs23.9cr against a loss of Rs44.4cr in Q3FY17.
  • During the quarter, company added 50,000 new customers with new customer ARPU of Rs770 (ex-taxes). Total subscriber base reached to 0.75mn during the quarter with ARPU of Rs717 (Rs740 in Q3FY17).
  • Homes Passes reached 5mn houses across 12 cities through constant focus on network expansion
  • Subscription revenue increased by 6% qoq to Rs138.6cr in Q3FY18 from Rs131.1cr in Q2FY18.
  • Average GB/consumer per month has increased to 100 GB in the month of December. This is a strong indicator of demand side potential of high-speed wireline broadband.
  • EBITDA grew by 14.1% sequentially.
Technical View:

Hathway Cable & Datacom Ltd ended at Rs39.25, up by 2.15 points or 5.8% from its previous closing of Rs37.10 on the BSE.
The scrip opened at Rs37.50 and touched a high and low of Rs39.80 and Rs37.50 respectively. A total of 18,54,139(NSE+BSE) shares were traded on the counter. The stock traded above its 50 DMA.

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