Hathway's Q3 FY25: A drama of numbers, some cheers, and a few tears | 1 Indian Television Dot Com

Hathway's Q3 FY25: A drama of numbers, some cheers, and a few tears

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Hathway's Q3 FY25: A drama of numbers, some cheers, and a few tears

Hathway Cable and Datacom sees steady revenue, but profitability lags

Hathway Cable & Datacom

MUMBAI: Numbers don’t lie, but boy, do they tell a rollercoaster of a story!

Hathway Cable and Datacom’s Q3 FY25 financial results are in, and while there’s some sizzle, there’s also some fizzle.

Let’s dive in, shall we?

For the quarter ending 31 December 2024, Hathway flexed a total income of Rs 532.13 crore. It’s a whisker down from last quarter’s Rs 543.25 crore but ekes out a win compared to last year’s Rs 535.33 crore.

Revenue from operations? Rs 511.15 crore. Not too shabby, but hey, it’s no jackpot either. Meanwhile, other income decided to take a nap, dropping to Rs 20.98 crore from Rs 30.52 crore in the previous quarter.

For the nine-month stretch, Hathway managed to pull in a total of Rs 1,599.75 crore, a teeny-tiny uptick from last year’s Rs 1,585.32 crore.

Here’s where things get interesting.

Consolidated profit before tax (PBT) took a nosedive to Rs 19.07 crore. Compare that to Q2’s Rs 39.88 crore and last year’s Rs 30.75 crore, and you’ll understand why we’re clutching our calculators in dismay. Rising pay channel costs (Rs 249.29 crore, up from Rs 244.47 crore) and higher depreciation expenses (Rs 86.98 crore, up from Rs 80.79 crore) clearly didn’t help.

Net profit for Q3 landed at Rs 13.54 crore, a far cry from the prior quarter’s Rs 25.78 crore and even last year’s Rs 22.35 crore. For the nine months, net profit dropped to Rs 57.74 crore from Rs 64.72 crore. Ouch.

Broadband vs Cable

1    Broadband Business: Revenue dipped to Rs 149.99 crore, down from Rs 151.59 crore last quarter and Rs 155.60 crore last year. Let’s just say the internet’s not as hot as we’d like it to be.

2    Cable Television: Revenue held its ground at Rs 345.79 crore, a hair better than last quarter’s Rs 344.01 crore. But losses in this segment widened to Rs 16.55 crore. Maybe it’s time for some reruns of “How to Cut Costs 101”?

The numbers tell us Hathway is juggling rising costs and a competitive market. Yet, the story isn’t all doom and gloom. Total income is up year-on-year, proving the brand has staying power. Now it just needs to flex those operational muscles a bit more.

Hathway’s next episodes will need to feature a blend of strategic moves and bold actions to maintain its plot as a major player in India’s digital landscape.

Can they level up their game while keeping the balance sheet in check? Stay tuned and watch how the story unfolds!