Net profit of Hathway Cable & Datacom declined 15.30% to Rs 28.74 crore in the quarter ended December 2022 as against Rs 33.93 crore during the previous quarter ended December 2021. Sales rose 5.15% to Rs 478.45 crore in the quarter ended December 2022 as against Rs 455.03 crore during the previous quarter ended December 2021.

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Revenue from operations stood at Rs 478.45 crore in Q3 FY23 as against Rs 455.03 crore recorded in the same period last year, registering a growth of 5.15% year on year (YoY).

Consolidated profit before tax dropped 15.16% to Rs 32.91 crore in quarter ended 31 December 2022 as compared to Rs 38.79 crore reported in Q3 FY22. Total expenses rose 8.87% YoY to Rs 484.70 in Q3 FY23.

The company's revenue form broadband business was at Rs 161.26 crore (up 4.1% YoY) and cable television segment stood at Rs 317.19 crore (up 5.69% YoY), 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 were down 0.30% to close at Rs 16.60 on the BSE.

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Hathway Cable & Datacom will hold a meeting of the Board of Directors of the Company on 17 January 2023.

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Hathway Cable & Datacom Ltd gained for a fifth straight session today. The stock is quoting at Rs 16.55, up 1.53% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.57% on the day, quoting at 18668.05. The Sensex is at 62860.07, up 0.57%. Hathway Cable & Datacom Ltd has risen around 3.76% in last one month.

Meanwhile, Nifty IT index of which Hathway Cable & Datacom Ltd is a constituent, has risen around 1.59% in last one month and is currently quoting at 2097.95, down 0.14% on the day. The volume in the stock stood at 12.04 lakh shares today, compared to the daily average of 19.8 lakh shares in last one month.

The PE of the stock is 54.33 based on TTM earnings ending September 22.

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