On a consolidated basis, the company's profit before tax (PBT) fell 53.94% to Rs 38.79 crore in Q3 FY22 over Q3 FY21.

The company's revenue from the broadband business stood at Rs 154.91 crore (down 2.38% YoY) and its revenue from the cable television business stood at Rs 300.12 crore (up 5.84% YoY).

Promoted by the Raheja Group, Hathway Cable & Datacom is one of the largest multiple-system operator (MSO) and cable broadband service providers in India. The company's cable operations straddle across key Indian geographies and offers cable television services across 140 cities and towns and high-speed cable broadband services across 21 cities.

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Net profit of Hathway Cable & Datacom declined 45.76% to Rs 33.93 crore in the quarter ended December 2021 as against Rs 62.56 crore during the previous quarter ended December 2020. Sales rose 2.89% to Rs 455.03 crore in the quarter ended December 2021 as against Rs 442.26 crore during the previous quarter ended December 2020.

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Hathway Cable & Datacom will hold a meeting of the Board of Directors of the Company on 17 January 2022.

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Hathway Cable & Datacom Ltd gained for a third straight session today. The stock is quoting at Rs 23.4, up 4.93% on the day as on 12:54 IST on the NSE. The benchmark NIFTY is down around 0.59% on the day, quoting at 17414.15. The Sensex is at 58489.25, down 0.54%. Hathway Cable & Datacom Ltd has added around 15.27% in last one month.

Meanwhile, Nifty Media index of which Hathway Cable & Datacom Ltd is a constituent, has added around 5.19% in last one month and is currently quoting at 2413.4, up 1.38% on the day. The volume in the stock stood at 99.02 lakh shares today, compared to the daily average of 34.85 lakh shares in last one month.

The PE of the stock is 55.63 based on TTM earnings ending September 21.

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