Hathway Q1 Profit Down 18% to Rs 18.3 Cr, Revenue Flat
By Rediff Money Desk, New Delhi Jul 17, 2024 19:57
Hathway Cable & Datacom Ltd reported a decline of 18.1% in consolidated net profit to Rs 18.32 crore for the June quarter. Revenue was flat at Rs 502.61 crore.
New Delhi, Jul 17 (PTI) Hathway Cable & Datacom Ltd -- provider of cable and internet services -- on Wednesday reported a decline of 18.1 per cent in consolidated net profit to Rs 18.32 crore for the June quarter.
The company had posted a net profit of Rs 22.36 crore in the April-June period a year ago, according to a regulatory filing from Hathway Cable, a firm owned by the Reliance Industries Group.
Its total revenue was flat at Rs 502.61 crore in the June quarter. It was at Rs 499.23 crore in the corresponding period a year ago.
During the quarter, its revenue from the Cable TV business was at Rs 336.14 crore and Rs 151.19 crore from broadband services in the June quarter of FY25.
Hathway Cable's total income, which includes other income, was down 1.69 per cent in the June quarter to Rs 524.36 crore.
Total expenses of Hathway Cable was down 2 per cent to Rs 503.14 crore.
The company had posted a net profit of Rs 22.36 crore in the April-June period a year ago, according to a regulatory filing from Hathway Cable, a firm owned by the Reliance Industries Group.
Its total revenue was flat at Rs 502.61 crore in the June quarter. It was at Rs 499.23 crore in the corresponding period a year ago.
During the quarter, its revenue from the Cable TV business was at Rs 336.14 crore and Rs 151.19 crore from broadband services in the June quarter of FY25.
Hathway Cable's total income, which includes other income, was down 1.69 per cent in the June quarter to Rs 524.36 crore.
Total expenses of Hathway Cable was down 2 per cent to Rs 503.14 crore.
Source: PTI
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- GTL Infrastructure
- 2.93 ( -4.87)
- 226206286
- IFL Enterprises
- 1.30 (+ 4.84)
- 81461564
- Vodafone Idea L
- 16.79 (+ 0.66)
- 67447398
- NCL Research
- 0.95 ( -4.04)
- 31996628
- Franklin Industries
- 3.73 (+ 3.32)
- 21511209
MORE NEWS
Fisher Groups Oppose WTO Fisheries Subsidy Talks
Small-scale fisher groups from India, Indonesia, and Bangladesh demand WTO keep...
![Boon Raises USD 5...](https://im.rediff.com/80-80/money/2018/jul/13water.jpg)
Boon Raises USD 5 Million Funding Led by Roca...
Water technology startup Boon secures USD 5 million in funding led by Spanish Roca...
Corvi LED Secures $8 Million Funding from Enam...
Lighting design firm Corvi LED raises $8 million in funding from Enam Investments to...