Hot Pursuit     17-Jan-20
Hathway Cable jumps after turnaround Q3 results
Hathway Cable & Datacom jumped 3.17% to Rs 22.75 after the company announced stellar Q3 2019 result after market hours yesterday, 16 January 2020.
On consolidated basis, the company reported a net profit of Rs 67.24 crore in Q3 December 2019 (Q3FY20) as against net loss of Rs 57.9 crore in Q3 December 2018 (Q3FY19). Net sales rose 12.3% to Rs 450.82 on year-on-year (YoY) basis.

Profit before tax (PBT) stood at Rs 51.5 crore in Q3FY20 as against loss of Rs 57.9 crore in Q3FY19. PBT surged 824% in Q3FY20 compared with Rs 5.6 crore in Q2 September 2019 (Q2FY20).

Subscription revenue (cable + broadband) stood at Rs 354.80 crore in Q3FY20 as against Rs 354.2 crore in Q2FY20 and Rs 300.80 in Q3FY19.

Consolidated EBITDA jumped 52% to Rs 128.8 crore in Q3FY20 as against Rs 84.5 crore in Q3FY19. EBITDA margin grew to 29% in Q3FY20 as against 21% in Q3FY19.

Hathway Cable and Datacom (Hathway) is one of the largest multi system operator (MSO) & cable broadband service providers in the country. Hathway holds a PAN India ISP license and is the first cable television services provider to offer broadband internet services.

Previous News
  Hathway Cable & Datacom to convene board meeting
 ( Corporate News - 13-Jul-22   11:18 )
  Hathway Cable & Datacom Ltd spurts 0.28%, gains for five straight sessions
 ( Hot Pursuit - 01-Sep-22   13:01 )
  Hathway Cable Q3 PAT slips 15% YoY to Rs 29 cr
 ( Hot Pursuit - 17-Jan-23   16:16 )
  Hathway Cable & Datacom to declare Quarterly Result
 ( Corporate News - 10-Jan-22   13:51 )
  Hathway Cable & Datacom Ltd spurts 3.09%, gains for third straight session
 ( Hot Pursuit - 03-Apr-23   13:05 )
  Hathway Cable & Datacom to hold board meeting
 ( Corporate News - 11-Apr-24   09:19 )
  Hathway Cable & Datacom reports standalone net profit of Rs 12.62 crore in the March 2018 quarter
 ( Results - Announcements 29-May-18   18:00 )
  Hathway Cable & Datacom Ltd gains for third straight session
 ( Hot Pursuit - 14-Oct-22   13:05 )
  Hathway Cable & Datacom Ltd soars 1.76%
 ( Hot Pursuit - 26-Jul-24   13:05 )
  Board of Hathway Cable & Datacom approves allotment of 3.08 cr shares to Hathway Investments
 ( Corporate News - 30-Aug-18   09:34 )
  Board of Hathway Cable & Datacom approves issue of 3.08 cr shares to Hathway Investments
 ( Corporate News - 29-Aug-18   10:21 )
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