Hathway Cable & Datacom tumbles on reporting 46% fall in Q3 consolidated net profit

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Hathway Cable & Datacom is currently trading at Rs. 22.70, down by 0.55 points or 2.37% from its previous closing of Rs. 23.25 on the BSE.

hathway cable datacom gains despite reporting net loss of rs 2 42 crore in q2
hathway cable datacom gains despite reporting net loss of rs 2 42 crore in q2

Hathway Cable The scrip opened at Rs. 22.55 and has touched a high and low of Rs. 22.95 and Rs. 22.20 respectively. So far 1077971 shares were traded on the counter.

The BSE group ‘A ‘ stock of face value Rs. 2 has touched a 52 week high of Rs. 34.80 on 09-Mar-2021 and a 52 week low of Rs. 19.65 on 03-Nov-2021.

Last one week high and low of the scrip stood at Rs. 24.05 and Rs. 22.20 respectively. The current market cap of the company is Rs. 4026.99 crore.

The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 11.36% and 13.64% respectively.

Hathway Cable & Datacom has reported a fall of 56.48% in its net profit at Rs 9.98 crore for the quarter ended December 31, 2021 as compared to Rs 22.93 crore for the same quarter in the previous year. Total income of the company decreased by 10.07% at Rs 163.12 crore for Q3FY22 as compared Rs 181.38 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 45.81% fall in its net profit at Rs 33.99 crore for the quarter ended December 31, 2021 as compared to Rs 62.72 crore for the same quarter in the previous year. Total income of the company marginally decreased by 0.75% at Rs 473.77 crore for Q3FY22 as compared Rs 477.35 crore for the corresponding quarter previous year.

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