Hathway Bhawani Q3 FY 21 PAT at Rs 34.06 crores

Mumbai based cable television provider Hathway Bhawani last week announced the consolidated financial results for the quarter ending December 31, 2020 registering a net profit of Rs 34.06.

The company’s total income stood at Rs 111.03 crores in Q3 FY 21, down from Rs 111.79 crores in the preceding quarter. The total expenses in Q3 FY 21 stood at Rs 82.39 crores, up from Rs 75.32 crores in the preceding quarter. The net profit rose from Rs 24.78 crores in the preceding quarter to Rs 34.60 crores in Q3 FY 21.

The feed charges stood at Rs 27.63 crores, operational expenses at Rs 10.14 crores, employee benefit expenses at Rs 15.42 crores, and finance cost at Rs 0.74 crores.

In other news, Hathway Bhawani’s parent company Hathway Cable and Datacom registered a net profit of Rs 62.72 croresfor the quarter ending December 31, 2020.