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Hathway Cable Q2 Results: Revenue Rises But Profit Dips By 44 Percent
- •Hathway Cable released its second-quarter results showing a 44.3 percent year-on-year decline in net profit.
- •The company reported a net profit of Rs 10.2 crore for the quarter compared to Rs 18.3 crore in the same period last year.
- •Revenue from operations grew by 5.7 percent year-on-year to reach Rs 567.5 crore from Rs 536.7 crore previously.
- •EBITDA dropped 27.4 percent to Rs 58.7 crore while the EBITDA margin shrank significantly from 15.1 percent to 10.4 percent.
Key Questions Answered
Hathway Cable reported a 44.3% year-on-year decline in net profit down to ₹10.2 crore for the second quarter, compared to ₹18.3 crore in the same period last year. Meanwhile, the company's revenue grew by 5.7% year-on-year to reach ₹567.5 crore.
Hathway Cable's EBITDA fell by 27.4% year-on-year to ₹58.7 crore in the second quarter, down from ₹80.9 crore in the corresponding period of the previous year. Additionally, the company's EBITDA margin dropped by 470 basis points from 15.1% to 10.4%.
The results show that an increase in revenue does not always reflect an improvement in financial health or profitability. Investors are advised to monitor the company's operational performance and costs closely instead of relying on a single quarter's data.
