Hathway Bhawani posts net profit of Rs 62.9 Lakhs in Q4 FY 20

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Mumbai based cable television operator Hathway Bhawani Cabletel and Datacom Limited on Friday announced its financial results for the quarter ended March 31, 2020. The operators consolidated net profit stood at Rs 62.9 lakhs in Q4 FY20.

Hathway Bhawani posts net profit of Rs 62.9 Lakhs in Q4 FY 20

Results Summary

  • Standalone and Consolidated revenue from operations of Rs 1.17 crores
  • Standalone Net Profit of Rs 64.52 Lakhs
  • Consolidated Net Profit of Rs 62.9 Lakhs
  • Operational expenses down by 57% in Q4 FY 20

The consolidated revenue from operations came down from Rs 1.41 crores to Rs 1.17 crores in Q4 FY 20. The total expenses came down from Rs 80.88 Lakhs to Rs 63.59 Lakhs on the account of reduction in operational expenses, employee benefit expenses and other expenses.

Hathway Bhawani’s consolidated net profit came down from Rs 1.98 crores to Rs 62.9 Lakhs in Q4 FY 20. The huge profit in Q3 FY 20 was on account of the deferred tax expenses of Rs 1.38 crores. The consolidate earning per share stood at Rs 0.78 in Q4 FY 20 down from Rs 2.45 crore in Q3 FY 20.

Hathway Bhawani’s shares were trading at Rs 8 up by Rs 0.21 or 2.7% from the previous close of Rs 7.79 at the time of publishing.     

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