Hathway Cable & Datacom Limited , a leading cable TV and broadband service provider, has reported a significant increase in its financial performance for the first quarter of the fiscal year. The company's consolidated results show robust growth in both revenue and profitability.

Financial Highlights

Hathway Cable & Datacom has delivered a strong financial performance in the first quarter of the fiscal year. The company's consolidated revenue from operations increased by 5.55% year-over-year to ₹530.50 crore, up from ₹502.61 crore in the same quarter last year.

The company's net profit saw a substantial jump of 68.83%, reaching ₹31.03 crore compared to ₹18.32 crore in the corresponding quarter of the previous year. This significant increase in profitability underscores the company's effective cost management and operational efficiency.

EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) also showed improvement, rising by 8.22% to ₹87.30 crore from ₹80.67 crore year-over-year. The EBITDA margin expanded by 39 basis points to 16.44%, indicating enhanced operational performance.

Segment Performance

Hathway's business is divided into three reportable segments:

1. Broadband Business: Generated revenue of ₹147.27 crore
2. Cable Television Business: Contributed ₹361.83 crore to the total revenue
3. Dealing in Securities: Added ₹21.40 crore to the revenue stream

The Cable Television segment remains the largest contributor to the company's revenue, followed by the Broadband segment.

Other Notable Points

• The company's other income increased to ₹33.73 crore from ₹21.75 crore in the same quarter last year.
• Finance costs remained low at ₹0.26 crore, down from ₹0.41 crore in Q1 of the previous fiscal year.
• Depreciation, amortization, and impairment expenses increased to ₹84.80 crore from ₹80.79 crore year-over-year.

Regulatory Matters

The company disclosed that it had received Show Cause cum Demand notices from the Department of Telecommunications (DoT), Government of India, demanding license fees amounting to ₹3,201.93 crore. Hathway has contested these demands and, based on legal expert opinion, is confident of defending its position. No provision has been made in respect of this matter.

Conclusion

Hathway Cable & Datacom's Q1 results demonstrate strong growth in revenue and profitability. The significant increase in net profit and improvement in EBITDA margin reflect the company's focus on operational efficiency and cost management. As the company continues to navigate regulatory challenges, its financial performance indicates a positive trajectory in its core business segments.

Hathway Cable & Datacom , a leading cable TV and broadband service provider, has announced its financial results for the first quarter, showcasing significant growth across key financial metrics.

Strong Financial Performance

The company reported a substantial increase in its consolidated net profit, which rose to ₹310.00 million from ₹183.70 million in the same period last year, marking an impressive year-over-year growth of 68.8%. This robust performance underscores Hathway's effective strategies and operational efficiency.

Revenue and EBITDA Growth

Hathway's revenue for Q1 increased to ₹5.30 billion, up from ₹5.03 billion in the previous year, representing a 5.4% growth. The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) also saw a notable improvement, rising to ₹873.00 million from ₹806.70 million year-over-year, an increase of 8.2%.

Improved Profitability

The EBITDA margin for the quarter improved to 16.44% from 16.05% in the same period last year, indicating enhanced operational efficiency and cost management.

Segment Performance

According to the consolidated segment reporting provided in the LODR data:

Management Commentary

Rajendra Hingwala, Chairman of Hathway Cable and Datacom Limited, expressed satisfaction with the company's performance. He stated, "Our Q1 results reflect the strength of our business model and our ability to deliver value to our customers and shareholders. The significant growth in net profit and the improvement in our EBITDA margin demonstrate our commitment to operational excellence and financial discipline."

Regulatory Disclosure

The company disclosed that it had received Show Cause cum Demand notices from the Department of Telecommunications for license fees amounting to ₹3,160.63 crore. Hathway has made representations contesting these demands and, based on legal expert opinion, is confident in its position.

Investors and stakeholders will be keenly watching Hathway's performance in the coming quarters as the company continues to navigate the dynamic telecommunications and entertainment landscape in India.

Note: All financial figures are in Indian Rupees.