Multi System Operator (MSO) Hathway Cable and Datacom Limited last week reported the financial results for the quarter ending June 30, 2020. Hathway reported a net profit of Rs 66.06 crores in Q1 FY 21, up from Rs 49.08 crores net profit in the preceeding quarter,
Results at a Glance
- Total income at Rs 488.82 crores in Q1 FY 21
- Total expenses at Rs 427.92 crores in Q1 FY 21
- Net profit at Rs 66.06 crores in Q1 FY 21
- Cable Television revenue at Rs 273.05 crores in Q1 FY 21
Hathway’s total income came down from Rs 514.46 crores in the preceding quarter to Rs 488.22 crores in Q1 FY 21. The total expenses also came down from Rs 458.53 crores in the preceding quarter to Rs 427.2 crores in Q1 FY 21.
Hathway saw a decrease in pay channel costs in Q1 FY 21. This came on the account of reduction in cable TV revenue which came down from Rs 304.36 crores in Q4 FY 20 to Rs 273.05 crores in Q1 FY 21.
The net profit in Q1 FY 21 stood at Rs 66.06 crores up from Rs 49.08 crores net profit in the previous quarter.