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MUMBAI: It's obviously bearing the fruits of the government mandated digitisation of Indian cable TV and of being among the first movers in the sector. Hathway Cable & Datacom, which proudly claims that it is India's largest high speed cable broadband services provider on its website, has seen a remarkable turnaround in profits in Q4-2013 and in FY2013. It had posted net losses in the previous quarters. The results were posted after market hours this evening.
With 1.4 million two-way broadband enabled homes together with a subscriber base over 50 per cent of the total Indian cable TV broadband market, it was awarded as the best Indian MSO by indiantelevision.com's The Indian Telly Awards for its quality cable TV and broadband internet services earlier this month.
Let us look at the Q4-2013 financials as against Q4-2012
The cable TV services provider notched up total sales of Rs 231.18 crore in Q4-2013 as against Rs 135.46 crore in Q4-2012 - a phenomenal 70.6 per cent jump.
Expenses at Rs 186.88 crore in Q4-2013 grew when compared to Rs 139.30 crore in Q4-2012. Greater transparency in its operations, following phase 1 of digitisation, has resulted in it forking out more money to pay TV channels. Its pay TV channel costs have gone up to Rs 49.50 crore from Rs 38.79 crore in Q4-2012. Employee benefits have climbed to Rs 10.52 crore (Rs 7.68 crore).
What grabs our attention the most is the company's positive bottomline which is at Rs 28.27 crore as against a reported net loss of Rs 6.79 crore in Q4-2012.
Let us look at the Q4-2013 financials as against the preceding Q3-2013
Considering the quarterly trend, the top line (revenue) at Rs 231.18 crore witnessed a massive jump of nearly 50 per cent over Q3-2013's revenue of Rs 154.91 crore.
Expenses have surged to Rs 186.88 crore in Q4-2013 as against Rs 147.57 crore in the immediate preceding Q3-2013. Major contributors to this surge are attributed to pay channels costs which stood at Rs 49.50 crore (Rs 42.96 crore in Q3-2013).
Yet again Hathway's net profit of Rs 28.27 crore, as against a net loss of Rs 7.42 crore in Q3-2013 remains the most welcome of them all.
Indiantelevision.com's > Digital Edge> FY-2013 Financials: Hathway Cable profiteering courtesy digitisation
..
With 1.4 million two-way broadband enabled homes together with a subscriber base over 50 per cent of the total Indian cable TV broadband market, it was awarded as the best Indian MSO by indiantelevision.com's The Indian Telly Awards for its quality cable TV and broadband internet services earlier this month.
Let us look at the Q4-2013 financials as against Q4-2012
The cable TV services provider notched up total sales of Rs 231.18 crore in Q4-2013 as against Rs 135.46 crore in Q4-2012 - a phenomenal 70.6 per cent jump.
Expenses at Rs 186.88 crore in Q4-2013 grew when compared to Rs 139.30 crore in Q4-2012. Greater transparency in its operations, following phase 1 of digitisation, has resulted in it forking out more money to pay TV channels. Its pay TV channel costs have gone up to Rs 49.50 crore from Rs 38.79 crore in Q4-2012. Employee benefits have climbed to Rs 10.52 crore (Rs 7.68 crore).
What grabs our attention the most is the company's positive bottomline which is at Rs 28.27 crore as against a reported net loss of Rs 6.79 crore in Q4-2012.
Let us look at the Q4-2013 financials as against the preceding Q3-2013
Considering the quarterly trend, the top line (revenue) at Rs 231.18 crore witnessed a massive jump of nearly 50 per cent over Q3-2013's revenue of Rs 154.91 crore.
Expenses have surged to Rs 186.88 crore in Q4-2013 as against Rs 147.57 crore in the immediate preceding Q3-2013. Major contributors to this surge are attributed to pay channels costs which stood at Rs 49.50 crore (Rs 42.96 crore in Q3-2013).
Yet again Hathway's net profit of Rs 28.27 crore, as against a net loss of Rs 7.42 crore in Q3-2013 remains the most welcome of them all.
Indiantelevision.com's > Digital Edge> FY-2013 Financials: Hathway Cable profiteering courtesy digitisation
..
