For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Hathway Cable & Datacom Shares Jump 9% As Business Returns To Profitability

|

On Monday, shares of Hathway Cable & Datacom Ltd surged as much as 8.7 percent to Rs 47.5 after it reported a consolidated net profit of Rs 66.06 crore for the April-June 2020 when compared to a net loss of Rs 9.8 crore in the same period a year ago.

Its consolidated net sales declined by 6.72 percent to Rs 419.56 crore from Rs 449.78 crore in June 2019.

Hathway Cable & Datacom Shares Jump 9% As Business Returns To Profitability
 

The company's revenue from the broadband segment rose 9 percent while that from its cable TV business fell 14 percent year-on-year.

Operational performance remained strong with an EBITDA (earnings before interest, taxes, depreciation, and amortization) level of Rs 118.18 crore in the June-ended quarter, an increase of 26.88 percent from last year.

It is the second day of 9 percent gain in the stock. On Friday, ahead of Hathway Cable & Datacom Ltd announced of its financial results for the quarter, shares of the company closed 9.96 percent higher at Rs 43.60 on BSE.

    Read more about: hathway cable amp datacom
    Story first published: Monday, July 20, 2020, 13:51 [IST]
    Company Search
    Get Instant News Updates
    Enable
    x
    Notification Settings X
    Time Settings
    Done
    Clear Notification X
    Do you want to clear all the notifications from your inbox?
    Settings X
    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more