Stock Market update: Hathway Cable shares down by 2.15% post Q3 results

The shares of Television services company, Hathway Cable Ltd down by 2.15% at Rs. 22.75 per equity share in today’s trade.

The share price of Indian television services company Hathway Cable & Datacom Ltd, formerly BITV Cable Networks fell by 2.15% post Q3 results. Today’s trade opened with Rs. 22.80 per share and representing a decrease of 1.94% and hit a high of Rs 22.95 per equity share.

Earlier on Monday, Hathway Cable & Datacom Limited announced its financial results report for the quarter ending December 2021. As per the report released, the television services company reported a total income of Rs. 163.12 crore for the quarter ending December 2021 against Rs. 181.38 crore in the previous year ending the same quarter.

The total revenue from operations stood at Rs 455.03 crore for the quarter ending December 2021 as compared to 477.35 crore in the previous year ending the same quarter. And, 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.

Hathway Cable & Datacom Limited (Hathway) is one of India’s leading Cable Broadband service providers. It also provides Cable Television services through its wholly-owned subsidiary – Hathway Digital Private Limited. And it has a current market capitalization of Rs 4,097.79 crore.

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