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Hathway Cable & Datacom, has seen a remarkable turnaround in profits in Q4-2013 and in FY2013. It had posted net losses in the previous quarters. Hathway has 1.4 million 2 way broadband enabled homes together with a subscriber base over 50% of the total Indian cable TV broadband market.
Sales spurted 70% to ₹ 231.18 Crore in Q4-2013 compared to ₹ 135.46 Crore in Q4-2012.
Pay channel costs increased to ₹ 49.50 Crore from ₹ 38.79 Crore in Q4-2012. Employee benefits rose 36% ₹ 10.52 Crore (₹ 7.68 Crore).
The company's bottomline spurted remarkably to ₹ 28.27 Crore as against a reported net loss of ₹ 6.79 Crore in Q4-2012.
source -http://www.scatmag.com/businessnews.htm