Hathway Cable & Datacom, a leading provider of cable and internet services, reported an 18.1 percent decline in consolidated net profit for the June quarter, amounting to INR 18.32 crore. This marks a decrease from the INR 22.36 crore net profit posted during the same period last year, according to the company’s regulatory filing.

The firm’s total revenue remained largely unchanged at INR 502.61 crore for the June quarter, compared to INR 499.23 crore in the corresponding period of the previous year.
Revenue Breakdown:
• Cable TV Business: INR 336.14 crore
• Broadband Services: INR 151.19 crore

Hathway Cable’s total income, including other income, saw a slight decrease of 1.69 percent to INR 524.36 crore for the June quarter. Meanwhile, total expenses decreased by 2 percent to INR 503.14 crore.

Hathway Cable & Datacom is owned by the Reliance Industries Group, and this quarterly performance highlights the challenges faced by the company in maintaining its profitability amid flat revenue growth.

Key Financial Highlights:
• Net Profit: INR 18.32 crore (down 18.1% YoY)
• Total Revenue: INR 502.61 crore (flat YoY)
• Total Income: INR 524.36 crore (down 1.69%)
• Total Expenses: INR 503.14 crore (down 2%)

Business Segments:
• Cable TV: Continued to be the primary revenue driver.
• Broadband: Significant contribution to total revenue, reflecting the growing demand for internet services.

As Hathway navigates through the competitive landscape, maintaining operational efficiency and exploring growth avenues in both cable and broadband segments will be crucial for sustaining its financial health.