Monday , 29 November 2021
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Hathway Cable & Datacom trades in red on reporting 64% fall in Q2 consolidated net profit

Hathway Cable & Datacom trades in red on reporting 64% fall in Q2 consolidated net profit

Hathway Cable & Datacom is currently trading at Rs. 23.75, down by 1.25 points or 5.00% from its previous closing of Rs. 25.00 on the BSE.

The scrip opened at Rs. 24.00 and has touched a high and low of Rs. 24.50 and Rs. 23.55 respectively. So far 837691 shares were traded on the counter.

The BSE group ‘A ‘ stock of face value Rs. 2 has touched a 52 week high of Rs. 36.55 on 11-Dec-2020 and a 52 week low of Rs. 20.50 on 22-Apr-2021.

Last one week high and low of the scrip stood at Rs. 27.40 and Rs. 23.55 respectively. The current market cap of the company is Rs. 4212.85 crore.

The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 12.00% and 13.00% respectively.

Hathway Cable & Datacom has reported 58.56% fall in its net profit at Rs 11.31 crore for the quarter ended September 30, 2021 as compared to net profit of Rs 27.29 crore for the same quarter in the previous year. Total income of the company decreased by 3.03% at Rs 182.76 crore for Q2FY22 as compared Rs 188.48 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 63.75% fall in its net profit attributable to owners of the parent at Rs 18.93 crore for the quarter ended September 30, 2021 as against net profit of Rs 52.22 crore for the same quarter in the previous year. However, total income of the company increased by 1.64% at Rs 468.21 crore for Q2FY22 as compared Rs 460.66 crore for the corresponding quarter previous year.