Hathway Cable and Datacom Limited shares fell 2.03% to ₹14.93 after the company reported disappointing financial results for the third quarter ending December 31, 2024. The stock traded within the day’s range of ₹14.76 to ₹15.14, with a market capitalization of ₹26.25 billion.
Key financial highlights
Revenue from Operations:
- ₹511.15 crore in Q3 FY25, marginally down by 0.3% from ₹512.74 crore in Q2 FY25, but up 1.3% from ₹504.58 crore in Q3 FY24.
Total Income:
- ₹532.13 crore in Q3 FY25, a decline of 2% from ₹543.26 crore in Q2 FY25 and 0.6% lower than ₹535.33 crore in Q3 FY24.
Net Profit:
- ₹13.64 crore in Q3 FY25, down 47.1% from ₹25.78 crore in Q2 FY25 and 39% lower than ₹22.35 crore in Q3 FY24.
Profit Before Tax (PBT):
- ₹19.07 crore in Q3 FY25, a drop of 52.2% from ₹39.88 crore in Q2 FY25 and 38% lower than ₹30.75 crore in Q3 FY24.
Segment-wise performance
Expenses:
- Total expenses rose to ₹515.38 crore in Q3 FY25, up 1.5% from ₹507.63 crore in Q2 FY25 and ₹512.36 crore in Q3 FY24.
- Pay Channel Costs increased to ₹249.29 crore, up from ₹244.47 crore in Q2 FY25 and ₹236.57 crore in Q3 FY24.
- Employee Benefits Expense decreased to ₹21.80 crore from ₹23.71 crore in Q2 FY25 and ₹22.70 crore in Q3 FY24.
Nine-month performance
- Revenue from Operations: ₹1,526.50 crore for the nine months ended December 31, 2024, a growth of 2.6% compared to ₹1,487.60 crore in the same period last year.
- Net Profit: ₹57.74 crore, down from ₹64.72 crore in the corresponding period of FY24.
The weak quarterly performance, driven by higher expenses and lower profitability, weighed on investor sentiment, leading to the stock’s decline.
Disclaimer: The information provided is for informational purposes only and should not be considered as financial or investment advice.
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Hathway Cable