Hathway Bhawani net profit down in Q2 FY 19-20

Mumbai headquartered cable television operator Hathway Bhawani Cabletel and Datacom Limited has reported financial reports for the period ended September 30, 2019. The company has posted a standalone net profit of Rs 38.84 Lakhs for the quarter ended September 30, 2019, as against a net profit of Rs 69.80 Lakhs for the quarter ended June 30, 2019.

Further, the company’s income from operations from consolidated results stood at Rs 116.43 Lakhs in Q2 FY 19-20 down by Rs 1.16 Lakhs from the previous quarter. In Q1 FY 19-20 the income from operations was Rs 117.59 Lakhs. The company has reported EPS of Rs 0.48 for the period ending September 30, 2019, as compared to the Rs 0.86 for the period ended June 30, 2019.

Hathway Bhawani’s total expense for the period ending September 30, 2019, saw an increase of Rs 8.72 Lakh as compared for the period ended June 30, 2019. Feed charges, Finance cost and other expenses reduced in Q2 FY 19-20 while some raised.

Hathway Bhawani Cabletel and Datacom Limited share price are currently Rs 4.50, unchanged from its previous close of Rs 4.50 on the BSE.

Hathway Bhawani Cabeltel and Datacom is a Hathway subsidiary. Hathway owns a 51% stake in the company. Started in 1995, Hathway Bhawani provides Cable TV services in several cities. Hathway Bhawani is the largest Cable TV service provider to roll out Digital Cable TV services in cities viz: Mumbai, New Mumbai, Karjat, Mumbra. The company also provides broadband services.