Hathway cable & datacom Limited has announced a key senior management change with the resignation of Mr. R. Krishna Mohan from his position as Senior Vice President – Sales. The company disclosed this development to stock exchanges on March 05, 2026, in compliance with regulatory requirements under SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015.

Resignation Details

The resignation follows a structured timeline that demonstrates professional transition management. Mr. Krishna Mohan initially submitted his resignation letter on February 02, 2026, citing his decision to pursue new opportunities outside the company that align with his career goals.

Company Response and Transition

Hathway Cable and Datacom Limited accepted Mr. Krishna Mohan's resignation and formally relieved him from his duties effective close of business hours on March 04, 2026. The company has indicated that a smooth handover process was ensured during the notice period, maintaining operational continuity in the sales function.

Regulatory Compliance

The disclosure was made under Regulation 30 of SEBI's listing regulations, which mandates listed companies to inform stock exchanges about material events including changes in senior management personnel. The announcement was simultaneously sent to both BSE Limited and National Stock Exchange of India Limited, ensuring comprehensive market communication.

Professional Transition

In his resignation letter addressed to Mr. Dulal Banerjee, Business Head - ISP & Commercial, Mr. Krishna Mohan expressed appreciation for the support and opportunities provided during his tenure with the company. He emphasized his commitment to ensuring a smooth transition and extended best wishes to the company and team for continued success.

The resignation represents a standard corporate transition as the executive moves to pursue new career opportunities, with the company maintaining its operational structure through proper succession planning and handover procedures.

Hathway Cable & Datacom has reported mixed third-quarter financial results, showcasing significant growth in net profitability while experiencing a decline in EBITDA performance. The telecom services company demonstrated contrasting operational metrics with notable improvements in bottom-line profitability offset by margin compression.

Comprehensive Financial Performance

The company's consolidated financial results for the third quarter reveal a mixed performance across key metrics:

Strong Bottom-Line Growth

The most striking aspect of Hathway Cable's Q3 performance was the remarkable 58.4% year-on-year increase in consolidated net profit, which reached ₹217.00 million compared to ₹137.00 million in the corresponding quarter of the previous year. This substantial profit growth of ₹80.00 million demonstrates effective cost management strategies at the operational level, despite challenges in EBITDA performance.

EBITDA Performance Under Pressure

Contrary to the strong net profit growth, Hathway Cable's EBITDA performance showed signs of pressure during the quarter. The company's EBITDA declined by 7.1% year-on-year to ₹772.00 million from ₹831.00 million in the previous year's corresponding quarter. More notably, the EBITDA margin compressed significantly to 14.38% from 16.25%, representing a decline of 187 basis points, indicating operational efficiency challenges.

Revenue Growth Momentum

Despite margin pressures, Hathway Cable maintained steady revenue expansion during the quarter. The company's consolidated revenue increased by 5.7% year-on-year to ₹5.40 billion, up from ₹5.11 billion in Q3 of the previous year. This revenue growth of ₹290.00 million reflects the company's continued ability to expand its market presence in the competitive telecom services sector.

Market Positioning

As a player in the telecom services industry, specifically in the cable and datacom segment, Hathway Cable's mixed quarterly performance highlights the challenging operating environment. While the company successfully improved net profitability and maintained revenue growth, the EBITDA margin compression suggests ongoing operational pressures that require management attention.