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Hathway Q3 Net Profit Rises 59% YoY to ₹21.71 Crore; Revenue Flat Sequentially
Hathway Cable & Datacom reported a consolidated net profit of ₹21.71 crore for Q3 FY26, a significant 59% increase from ₹13.64 crore in the same quarter last year. Revenue from operations stood at ₹536.56 crore, showing a 5% year-on-year growth but remaining stagnant compared to the previous quarter. The company continues to struggle with its Cable TV segment, which posted an operational loss of ₹11.39 crore, while the Broadband segment remained profitable at ₹4.17 crore. A sharp rise in pay channel costs, which jumped to ₹287.44 crore from ₹249.29 crore YoY, remains a key pressure point on margins.
Key Highlights
Net profit grew 59.2% YoY to ₹21.71 crore in Q3 FY26 versus ₹13.64 crore in Q3 FY25.
Revenue from operations increased 5% YoY to ₹536.56 crore, though it was flat on a QoQ basis.
Pay channel costs surged to ₹287.44 crore, up from ₹249.29 crore in the corresponding quarter last year.
The Cable TV segment reported a loss of ₹11.39 crore, while Broadband segment profit stood at ₹4.17 crore.
Earnings Per Share (EPS) improved to ₹0.12 from ₹0.08 in the year-ago period.
💼 Action for Investors
Investors should monitor the persistent losses in the Cable TV segment and the rising content costs which are offsetting revenue gains. While the bottom-line growth is positive, the stagnation in broadband revenue indicates high competition in the ISP space.