Hathway Cable and Datacom Q1FY21 results; Posts a 804 per cent increase in consolidated net profit

Hathway Cable and Datacom Ltd., an Indian cable television service operator announced its quarterly results on July 17, 2020.  The company posted a consolidated net profit of Rs 66.06 crore for Q1FY21 , which increased by 804.26 per cent, as compared to Q1FY20 when it reported a consolidated net loss of Rs 9.38 crore.                                                                                                                                                 

The consolidated net sales reported in Q1FY21 came in at Rs 419.56 crore, which declined by 6.72 per cent YoY from Rs 449.78 crore in Q1FY20. At EBITDA level, the company stood at Rs 118.18 crore in Q1FY21 that increased by 26.88 per cent YoY. For Q1FY20, it posted an EBITDA of Rs 93.14 crore.                                                                                                                                                 

EBITDA margin as of Q1FY21 was at 28.17 per cent that increased by 7.46 per cent YoY. The net profit margin in Q1FY21 came in at 15.75 per cent, which increased by 17.84 per cent YoY. The net profit margin in Q1FY20 was at -2.09 per cent.               

The stock closed in green with a growth of 9.96 per cent at Rs 43.60 on BSE.