{"id":122686,"date":"2024-04-18T16:27:37","date_gmt":"2024-04-18T10:57:37","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=122686"},"modified":"2024-04-18T16:27:40","modified_gmt":"2024-04-18T10:57:40","slug":"cables-stock-jumps-5-after-profit-increases-by-55-qoq","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/cables-stock-jumps-5-after-profit-increases-by-55-qoq\/","title":{"rendered":"Cables stock jumps 5% after profit increases by 55% QoQ"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2557547409\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>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\u2019s trade following the announcement of its year-ended\/quarterly results.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-212078021\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalization of Rs. 3,917 Crores, the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/HATHWAY\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Hathway Cable &amp; Datacom Limited<\/a><\/strong> were trading at Rs. 22.07, up 4.50 percent from its previous day\u2019s close price of Rs. 21.12.\u00a0<\/p><p>Reliance Industries Limited\u2019s subsidiary Hathway Cable &amp; Datacom Limited Limited has announced the financial results of the company for the quarter\/year ended March 31, 2024, as follows&nbsp;<\/p><p>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.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3770410819\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>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.&nbsp;<\/p><p>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.&nbsp;<\/p><p>Hathway Cable &amp; 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.&nbsp;<\/p><p>Hathway Cable &amp; Datacom Limited generates 31.75 percent of its revenue from the Broadband Business and 68.24 percent from the Cable Television business.&nbsp;<\/p><p>According to the latest shareholding data available for the March 2024 quarter, the company\u2019s Promoters hold a 75 percent stake, the Domestic Institutional Investors hold 0.05 percent and the Foreign Institutional Investors (FII) hold 4.65 percent.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by: Bharath K.S<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\">Disclaimer<\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-content-10\" id=\"trade-3628428885\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><div class=\"trade-after-content\" id=\"trade-4131758801\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article 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[&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":105330,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[12406,10917,948,936,3153,3157],"class_list":["post-122686","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-hathway-cable-and-datacom-share-price","tag-hathway-cable-share-price","tag-stock-market","tag-stock-market-news","tag-stock-to-buy","tag-stock-to-watch"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Hathway cables stock jumps 5% after profit increases by 55% QoQ<\/title>\n<meta name=\"description\" content=\"Hathway Cables and Datacom Limited engaged in the business of providing distribution of 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