Hathway Cables and Datacom Limited engaged in the business of providing distribution of Internet services and other allied services jumped 6 percent in the day’s trade following the announcement of its year-ended/quarterly results.
With a market capitalization of Rs. 3,917 Crores, the shares of Hathway Cable & Datacom Limited were trading at Rs. 22.07, up 4.50 percent from its previous day’s close price of Rs. 21.12.
Reliance Industries Limited’s subsidiary Hathway Cable & Datacom Limited Limited has announced the financial results of the company for the quarter/year ended March 31, 2024, as follows
Its revenue from operations grew by 7.35 percent YoY from Rs. 459.59 Crores in Q4FY23 to Rs. 493.37 Crores in Q4FY24 and it declined by 2.22 percent QoQ from Rs. 504.58 Crores in Q3FY24 to Rs. 493.37 Crores in Q4FY24.
It has reported a Net Profit of Rs. 34.57 Crores in Q4FY24 compared to a loss of Rs. 14.61 Crores in Q4FY23 and it grew by 54.67 percent QoQ from Rs. 22.35 Crores in Q3FY24 to Rs 34.57 Crores in Q4FY24.
As per the latest shareholding data available for March 2024, Reliance Industries Limited through its group companies holds a 52.86 percent stake in the company.
Hathway Cable & Datacom Limited is primarily engaged in the business of providing distribution of Internet services and other allied services to millions of homes across Pan India.
Hathway Cable & Datacom Limited generates 31.75 percent of its revenue from the Broadband Business and 68.24 percent from the Cable Television business.
According to the latest shareholding data available for the March 2024 quarter, the company’s Promoters hold a 75 percent stake, the Domestic Institutional Investors hold 0.05 percent and the Foreign Institutional Investors (FII) hold 4.65 percent.
Written by: Bharath K.S
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