Hathway Cables logs 28% y-o-y growth in Q2 net profit

14 Oct 2024 , 09:33 AM

Hathway Cable & Datacom Ltd reported a 28.4% YoY rise in net profit to ₹25.8 Crore for the second quarter ending September 30, 2024.

In the previous fiscal quarter, Hathway reported a net profit of ₹20.1 Crore. Revenue from operations climbed by 6% to ₹512.7 Crore, up from ₹484.8 Crore in the previous fiscal period.

In the second quarter of this fiscal year, EBITDA increased by 4.4% to ₹86.3 Crore, up from ₹82.7 Crore in the same period last year.

The EBITDA margin was 16.8% in the reporting quarter, compared to 17.1% in the same time last year.

Despite the favourable financial performance, Selling, General, and Administrative expenses increased by 11.89% quarter over quarter, with a modest decrease of 0.92% y-o-y.

Operating income increased dramatically, rising 707.61% quarter-over-quarter and 155.51% year over year, indicating improved operational efficiency.

In Q2, the company’s earnings per share (EPS) increased by 35.88% y-o-y to ₹0.15, indicating its profitability.

Hathway Cable & Datacom offers cable television services through its wholly owned subsidiary, Hathway Digital Private. Hathway Cable has a PAN India ISP license and was the first cable television operator to deliver high-speed cable internet services.

Hathway Cable & Datacom has a market capitalisation of ₹3524.28 Crore, with a 52-week high of ₹27.95 and a low of ₹17, indicating volatility in the market.

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