Hathway Cable Datacom slumps after Q2 net profit drops 44% YoY

Hathway Cable Datacom dropped 4.89% to Rs 10.31 after the company reported a 44.3% year-on-year (YoY) decline in consolidated net profit to Rs 10.21 crore in Q2 FY27, compared with Rs 18.26 crore in Q2 FY26.

Revenue from operations increased 5.75% YoY to Rs 567.51 crore in the quarter ended 30 September 2026.

Profit before tax (PBT) tumbled 42.24% YoY to Rs 15.14 crore in the quarter ended 30th September 2026.

Total expenses increased 9.48% YoY to Rs 582.89 crore in Q2 FY27 from Rs 532.42 crore in the corresponding quarter of the previous financial year. Pay channel costs surged 19.96% to Rs 335.91 crore from Rs 280.03 crore a year earlier. However, operational expenses declined 9.05% YoY to Rs 80.56 crore from Rs 88.58 crore.

Revenue from the broadband business declined 2.8% YoY to Rs 142.71 crore in Q2 FY27 from Rs 146.85 crore in the year-ago quarter. The cable television business recorded revenue of Rs 409.56 crore, registering an 8.1% YoY increase from Rs 378.84 crore. Revenue from dealing in securities rose 38.8% YoY to Rs 15.24 crore from Rs 10.98 crore in Q2 FY26.

For the half year ended 30 September 2026, consolidated net profit declined 29.58% YoY to Rs 34.71 crore from Rs 49.29 crore in the corresponding period of the previous financial year.

Revenue from operations increased 6.1% YoY to Rs 1,132.61 crore from Rs 1,067.17 crore in H1 FY26.

Hathway Cable & Datacom is engaged in the distribution of internet services through cable and has a strategic stake in entities engaged in the cable television business.

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