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Hathway Cable records PAT of Rs 35 cr in Q4 FY24
17-Apr-24   17:31 Hrs IST

Revenue from operations rose 7.35% year on year (YoY) to Rs 493.37 crore in the quarter ended 31 March 2024.

The firm reported profit before tax of Rs 45.59 crore in Q4 FY24 compared to a pre-tax loss of Rs 9.56 crore posted in Q4 FY23.

Total expenses increased 1.86% YoY to Rs 493.52 during the quarter. Pay channel cost was at Rs 230.46 crore (up 18.54% YoY) while other operational expenses was Rs 88.22 crore (down 15.71% YoY) and employee benefit expenses stood at Rs 22.56 crore (down 12.32% YoY) in Q4 FY24.

The company's revenue from cable television segment stood at Rs 330.62 crore (up 10.05% YoY) while broadband business was at Rs 153.85 crore (down 3.34% YoY) and revenue from dealing in securities was Rs 8.90 crore during the period under review.

Hathway Cable & Datacom is one of the largest multiple-system operator (MSO) and cable broadband service providers in India.

Shares of Hathway Cable & Datacom rose 1.73% to close at Rs 21.12 on Tuesday, 16 April 2024. The domestic market is shut today on account of Shri Ram Navami.

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