Hathway Cable & Datacom Limited has informed the Exchange regarding the outcome of the Board meeting held on July 15, 2025.
HATHWAY · price
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Awaiting price reaction for this filing.
Hathway reported consolidated revenue from operations of Rs. 530.50 Cr for Q1 FY26, up about 5.5% from Rs. 502.61 Cr in Q1 FY25, aided by strong growth in the Cable TV segment (~7.6% YoY) and securities dealing (~40% YoY), while Broadband revenue dipped slightly. Net profit jumped to Rs. 31.03 Cr from Rs. 18.32 Cr YoY (~69% growth), with no exceptional items this quarter. On a standalone basis, revenue was flat-to-soft at Rs. 147.27 Cr vs Rs. 151.19 Cr, but net profit rose to Rs. 21.43 Cr from Rs. 16.05 Cr (~34% YoY). EPS improved to Rs. 0.18 (consolidated) and Rs. 0.12 (standalone). The auditor (Nayan Parikh & Co.) issued an unqualified limited review report. A pending DoT license fee demand of Rs. 3,201.93 Cr (consolidated) continues to be disclosed as a contested contingent liability with no provision made.
Strong YoY profit growth, driven by Cable TV and securities segments, is positive for shareholders; however, the persistent DoT demand remains a significant overhang even though the company is not provisioning for it. Sequentially, consolidated net profit dipped from Rs. 34.80 Cr in Q4 FY25, so the YoY beat is the more important positive signal.