Hathway Cable stock in focus as company posts 28.4% increase in net profit in Q2 results

Hathway Cable has announced a 28.4% increase in net profit, reaching ₹25.8 crore for Q2, along with a 6% rise in revenue to ₹512.7 crore.

The company’s consistent growth in profit and revenue is likely to attract investor interest as the stock could experience some upward movement following these solid figures.

Hathway Cable & Datacom announced its Q2 results on October 11, 2024, demonstrating solid performance with a 5.98% year-over-year increase in revenue and a 28.61% surge in profit.

Compared to the previous quarter, the company saw a 2.02% rise in revenue and an impressive 40.52% jump in profit, indicating strong operational momentum. However, Selling, General & Administrative expenses increased by 11.89% quarter-over-quarter but showed a slight year-over-year decrease of 0.92%.

Operating income also saw a substantial boost, growing by 707.61% quarter-over-quarter and 155.51% year-over-year, showcasing improved operational efficiency.

The Earnings Per Share (EPS) for Q2 was ₹0.15, reflecting a significant 35.88% year-over-year increase, underscoring the company’s growing profitability.

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