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Hathway Cable & Datacom Limited, which runs
analogue and digital cable service and
broadband services, has reported a 7.55 per
cent increase in revenues at Rs 250.22 crore in
Q1FY15, as compared to Rs 232.65 crore last
year.
However, increase in pay channel cost and
other expenses brought down the EBITDA by 42
per cent this year. The company's EBITDA
stood at Rs 43.87 crore this year as compared
to Rs 76.09 crore in Q1 FY14. This resulted in
a net loss of Rs 92 lakh in Q1FY15 while the
company made profit of Rs 5.34 crore in
thecorresponding quarter last year.
Income from operations mainly consistsof
subscription income from cable TV and
broadband business, carriage and placement
income, advertisement income, activation
income from set-top-boxes and other
operating income.
The company said in its earnings release, "The
key highlight for the quarter was the growth
trajectory achieved by our Docsis 3.0
Broadband services. Currently, the services are
being offered in Mumbai, Pune, Hyderabad and
Bangalore with plans to launch them in the
near future in Kolkata and Delhi."
In the broadband segment, the average
revenue per user increased by 23 per cent,
while revenue increased by 26 per cent to
reach Rs 41.6 crore in Q1 FY15 and its EBITDA
grew 71 per cent.
"Continuing to build upon our early mover
advantage (Hathway has achieved a market
share of 30% in Phase 1 and Phase 2 DAS
markets) the Company has expanded its
subscriber universe by 200,000 mainly due to
additions in Eastern India. The aggregate
universe of the Company is now about 11.7
million subscribers," the company added.
Hathway is in the process of raising Rs.300.8
crore by way of preferential allotment of
shares to funds managed by Capital Group,
USA. The shares of face value of Rs10 each are
to be issued at a premium of Rs 310 per share
(adding up to Rs 320 per share). The
extraordinary general meeting for approving
the same will be held on September 5.
The company's stock fell 4.7 per cent to close
at Rs 275. http://www.business-standard.com/article/companies/hathway-cable-datacom-revenue-up-8-114081300915_1.html
analogue and digital cable service and
broadband services, has reported a 7.55 per
cent increase in revenues at Rs 250.22 crore in
Q1FY15, as compared to Rs 232.65 crore last
year.
However, increase in pay channel cost and
other expenses brought down the EBITDA by 42
per cent this year. The company's EBITDA
stood at Rs 43.87 crore this year as compared
to Rs 76.09 crore in Q1 FY14. This resulted in
a net loss of Rs 92 lakh in Q1FY15 while the
company made profit of Rs 5.34 crore in
thecorresponding quarter last year.
Income from operations mainly consistsof
subscription income from cable TV and
broadband business, carriage and placement
income, advertisement income, activation
income from set-top-boxes and other
operating income.
The company said in its earnings release, "The
key highlight for the quarter was the growth
trajectory achieved by our Docsis 3.0
Broadband services. Currently, the services are
being offered in Mumbai, Pune, Hyderabad and
Bangalore with plans to launch them in the
near future in Kolkata and Delhi."
In the broadband segment, the average
revenue per user increased by 23 per cent,
while revenue increased by 26 per cent to
reach Rs 41.6 crore in Q1 FY15 and its EBITDA
grew 71 per cent.
"Continuing to build upon our early mover
advantage (Hathway has achieved a market
share of 30% in Phase 1 and Phase 2 DAS
markets) the Company has expanded its
subscriber universe by 200,000 mainly due to
additions in Eastern India. The aggregate
universe of the Company is now about 11.7
million subscribers," the company added.
Hathway is in the process of raising Rs.300.8
crore by way of preferential allotment of
shares to funds managed by Capital Group,
USA. The shares of face value of Rs10 each are
to be issued at a premium of Rs 310 per share
(adding up to Rs 320 per share). The
extraordinary general meeting for approving
the same will be held on September 5.
The company's stock fell 4.7 per cent to close
at Rs 275. http://www.business-standard.com/article/companies/hathway-cable-datacom-revenue-up-8-114081300915_1.html
