Hathway Cable & Datacom Ltd Share Price – NSE  /  BSE

Telecomm-Service, Small Cap

Revenue from operations rose 7.35% year on year (YoY) to Rs 493.37 crore in the quarter ended 31 March 2024.

The firm reported profit before tax of Rs 45.59 crore in Q4 FY24 compared to a pre-tax loss of Rs 9.56 crore posted in Q4 FY23.

Total expenses increased 1.86% YoY to Rs 493.52 during the quarter. Pay channel cost was at Rs 230.46 crore (up 18.54% YoY) while other operational expenses was Rs 88.22 crore (down 15.71% YoY) and employee benefit expenses stood at Rs 22.56 crore (down 12.32% YoY) in Q4 FY24.

The company's revenue from cable television segment stood at Rs 330.62 crore (up 10.05% YoY) while broadband business was at Rs 153.85 crore (down 3.34% YoY) and revenue from dealing in securities was Rs 8.90 crore during the period under review.

Hathway Cable & Datacom is one of the largest multiple-system operator (MSO) and cable broadband service providers in India.

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Revenue from operations rose 7.35% year on year (YoY) to Rs 493.37 crore in the quarter ended 31 March 2024.

The firm reported profit before tax of Rs 45.59 crore in Q4 FY24 compared to a pre-tax loss of Rs 9.56 crore posted in Q4 FY23.

Total expenses increased 1.86% YoY to Rs 493.52 during the quarter. Pay channel cost was at Rs 230.46 crore (up 18.54% YoY) while other operational expenses was Rs 88.22 crore (down 15.71% YoY) and employee benefit expenses stood at Rs 22.56 crore (down 12.32% YoY) in Q4 FY24.

The company's revenue from cable television segment stood at Rs 330.62 crore (up 10.05% YoY) while broadband business was at Rs 153.85 crore (down 3.34% YoY) and revenue from dealing in securities was Rs 8.90 crore during the period under review.

Hathway Cable & Datacom is one of the largest multiple-system operator (MSO) and cable broadband service providers in India.

Shares of Hathway Cable & Datacom rose 1.73% to close at Rs 21.12 on Tuesday, 16 April 2024. The domestic market is shut today on account of Shri Ram Navami.

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Hathway Cable & Datacom will hold a meeting of the Board of Directors of the Company on 17 April 2024.

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Hathway Cable & Datacom Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 24.85, up 0.4% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.55% on the day, quoting at 22161.15. The Sensex is at 72753.71, up 0.45%. Hathway Cable & Datacom Ltd has added around 3.97% in last one month.

Meanwhile, Nifty Media index of which Hathway Cable & Datacom Ltd is a constituent, has added around 8.25% in last one month and is currently quoting at 2164.8, up 0.56% on the day. The volume in the stock stood at 57.58 lakh shares today, compared to the daily average of 215.2 lakh shares in last one month.

The PE of the stock is 57.6 based on TTM earnings ending December 23.

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