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Tag: Hathway Bhawani

  • Hathway Bhawani stays tuned in with steady Q1 despite revenue static

    Hathway Bhawani stays tuned in with steady Q1 despite revenue static

    MUMBAI: Even in the choppy waters of cable and broadband, Hathway Bhawani has kept its wires untangled. Hathway Bhawani Cabletel & Datacom Ltd reported a modest consolidated net profit of Rs 0.82 lakh for the quarter ended June 30, 2025, according to its unaudited financial results approved by the board on July 14. This marks a sharp dip from Rs 29.03 lakh in the previous quarter, but a turnaround from a net loss of Rs 11.41 lakh in the corresponding quarter last year.

    While revenue from operations inched up marginally by 1 per cent year-on-year to Rs 60.91 lakh, total income for the quarter stood at Rs 61.17 lakh. The company’s share of profit from its joint venture, Hathway Bhawani NDS Network Ltd, contributed Rs 0.27 lakh to the bottom line this quarter.

    Operating expenses remained broadly stable, with feed charges at Rs 22.29 lakh, employee benefit expenses at Rs 11.55 lakh, and other expenses slightly lower year-on-year at Rs 17.10 lakh. However, deferred tax and a short provision of Rs 1.46 lakh for earlier years dragged down the profit after tax to a net loss of Rs 0.77 lakh. The company also recorded a minor actuarial gain of Rs 0.05 lakh from remeasurement of benefit plans.

    On the standalone front, the picture remained similar revenue matched the group’s performance at Rs 60.91 lakh, but net loss widened slightly to Rs 1.04 lakh due to the same tax adjustments.

    The company also addressed long-standing telecom licensing fee demands totalling Rs 4,130.38 lakh from the Department of Telecommunications, reaffirming its legal confidence and reiterating that no provision was necessary based on legal opinion.

    While the earnings per share stood at a flat Rs (0.01), the company closed the quarter with stability on most operating metrics. In a sector where volatility often rules the screen, Hathway Bhawani continues to keep the static at bay even if the signal isn’t quite booming just yet.

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  • Hathway Bhawani appoints Vatan Pathan as CEO

    Hathway Bhawani appoints Vatan Pathan as CEO

    MUMBAI: Hathway Bhawani Cabletel & Datacom ‍(Hathway Bhawani) has approved the appointment of Vatan Pathan​ as CEO with immediate effect. Pathan has been the additional director at Hathway Bhawani Cabletel and Datacom Ltd since 7 November 2017.

    Hathway Bhawani’s release to the BSE stated, “ We would like to inform you that at the meeting of the board of directors of the company held today that the board of directors has approved the appointment of Vatan Pathan, director, as a chief executive officer of the company with immediate effect.”

    Recently, Vineet Garg resigned as the director from the board of Hathway Bhawani Cabletel and Datacom with effect from 30 March 2018. He also resigned as the chief financial officer (CFO) effective 15 May 2018.

    Also Read:

    Hathway CFO Vineet Garg resigns

    Hathway reports improved standalone Q3 results

  • Hathway Bhawani MD and CEO Sameer Joseph quits

    Hathway Bhawani MD and CEO Sameer Joseph quits

    MUMBAI:  Hathway Bhawani Cabletel and Datacom’s managing director and CEO Sameer Joseph has resigned with immediate effect, that is, 4 October, 2017. 

    With an experience of 20+ years of successful track record in service, financial service, FMCG and telecom industry working with brands like TNT, Coke, Idea, Airtel, Tata & Uninor.

    Joseph had joined Hathway Bhawani in November 2016 as the senior vice-president – operations and managing director. Prior to joining Hathway Bhawani, he worked as the vice-president and national sales and distribution head with Sun Telenor Payment Bank. 

    He also worked with Uninor as the associate vice-president and regional sales and distribution head (north and west ) for six years.

  • Hathway Bhawani CEO Samson Jesudas quits

    Hathway Bhawani CEO Samson Jesudas quits

    MUMBAI: Hathway Bhawani Cabletel & Datacom managing director and chief executive officer Samson Jesudas has resigned. The company today informed the Bombay Stock Exchange (BSE) that Jesudas has tendered his resignation with effect from 21 September. Hathway Bhawani is a joint venture between Hathway and Bhawani Cable.

    Earlier, he worked as the chief marketing and distribution officer at Indusind Media & Communication Ltd for two years. Then, Jesudas was appointed as the head of operations at Hathway Cable and Datacom, before joining as the CEO of Hathway Bhawani Cable and Datacom.

  • Hathway Bhawani CEO Samson Jesudas quits

    Hathway Bhawani CEO Samson Jesudas quits

    MUMBAI: Hathway Bhawani Cabletel & Datacom managing director and chief executive officer Samson Jesudas has resigned. The company today informed the Bombay Stock Exchange (BSE) that Jesudas has tendered his resignation with effect from 21 September. Hathway Bhawani is a joint venture between Hathway and Bhawani Cable.

    Earlier, he worked as the chief marketing and distribution officer at Indusind Media & Communication Ltd for two years. Then, Jesudas was appointed as the head of operations at Hathway Cable and Datacom, before joining as the CEO of Hathway Bhawani Cable and Datacom.

  • Q2-2016: Hathway Bhawani YoY sales up 10.4%, loss down

    Q2-2016: Hathway Bhawani YoY sales up 10.4%, loss down

    BENGALURU: Hathway Bhawani Cabletel and Datacom Limited (HBCDL) reported a 10.4 per cent YoY growth in net sales or Income from Operations (TIO) for the quarter ended 30 September, 2015 (Q2-2016, current quarter) at Rs 419.74 lakh as compared to Rs 380.14 lakh. Current quarter’s TIO was almost flat (increased 0.6 per cent) QoQ as compared to Rs 416.32 lakh.

     

    Note: 100,00,000 = 100 lakh =10 million = 1 crore

    The numbers in this report are mentioned in Rs lakh in general.

     

    The company reported a lower loss in the current quarter at Rs 12.50 lakh as compared to the loss of Rs 50.14 lakh in the corresponding year ago quarter and a loss of Rs 18.52 lakh in the immediate trailing quarter.

     

    HBCDL’s EBIDTA including ‘Other Income’  (Operating profit) was Rs 10.11 lakh 2.4 per cent margin) as compared to an operating loss of Rs 23.82 lakh in Q2-2015 and was over six times (6.6 times) the EBIDTA of Rs 1.53 lakh reported for Q1-2016.

     

    Let us look at the other numbers reported by HBSDL

     

    HBDCL’s Total Expenditure in the current quarter increased 1.3 per cent YoY to Rs 435.62 lakh (103.8 per cent of TIO) from Rs 429.90 lakh (113.1 per cent of TIO) and was almost flat (declined 0.5 per cent) QoQ from Rs 437.96 lakh (105.2 per cent of TIO).

     

    A major expense head for the company is Pay Channel & Feed Charges (Pay channel). The company’s Pay channel costs in Q2-2016 declined 5.9 per cent YoY to Rs 200.29 lakh (47.7 per cent of TIO) from Rs 212.88 crore (56 per cent of TIO), but increased 1.9 per cent QoQ from Rs 196.49 lakh (47.2 per cent of TIO).

     

    Employee Costs in the current quarter reduced by 12.1 per cent YoY to Rs 36.70 lakh (8.7 per cent of TIO) from Rs 41.75 lakh (11 per cent of TIO), but increased 3.5 per cent QoQ from Rs 35.45 lakh (8.5 per cent of TIO).

     

    The company’s Provision for doubtful receivables in Q2-2016 increased 38.1 per cent YoY to Rs 43.50 lakh (10.4 per cent of TIO) as compared to Rs 31.50 lakh (8.3 per cent of TIO), but declined 18.7 per cent QoQ from Rs 53.50 lakh (12.9 per cent of TIO).

     

    Interest costs in the current quarter reduced 3.9 per cent YoY to Rs 5.15 lakh (1.2 per cent of TIO) from 5.36 lakh (1.4 per cent of TIO) but increased 2.8 per cent QoQ from Rs 5.01 lakh (1.2 per cent of TIO).

  • Hathway Bhawani posts lower revenue, lower loss for Q1-2015

    Hathway Bhawani posts lower revenue, lower loss for Q1-2015

    BENGALURU: Hathway Bhawani Cabeltel and Datacom Limited (HBC&DL) reported loss of Rs 65.55 lakh for the current quarter as compared to the Rs 99.63 lakh loss in Q4-2014 and the Rs 83.2 lakh loss in Q1-2014.

     

    HBC&DL reported 4 per cent lower total operating revenue (TIO) in Q1-2015 at Rs 3.89 crore as compared to the Rs 4.05 crore in the immediate trailing quarter and was 3.8 per cent lower than the Rs 4.04 crore in the year ago quarter.

     

    Note: Rs 100,00,000 = 100 lakhs = 10 million = 1 crore

     

    HBC&DL reported 10.9 per cent lower expenditure in Q1-2014 at Rs 4.51 crore as compared to the Rs 5.06 crore in Q4-2014 and 4.9 per cent lower than the Rs 4.74 crore in Q1-2014.

     

    EBIDTA in Q1-2015 was negative at Rs 0.42 crore as compared to the negative Rs 0.77 crore in Q4-2014 and the negative Rs 0.51 crore in Q1-2014.

     

    The company paid Rs 1.62 crore (41.7 per cent of TIO) in Q1-2015, which was 87.4 per cent higher than the Rs 0.89 crore (21.4 per cent of TIO) in Q4-2014 and 44.3 per cent lower than the Rs 2.91 crore (72 per cent of TIO) in Q4-2014.

     

    The company has informed the bourses that subject to shareholders’ approval, it intends to issue up to 9 lakh fully paid up equity shares of face value of Rs 10 to Hathway Cable and Datacom at a price of Rs 11 per equity share aggregating Rs 99,00,000.

     

    HBC&DL’s equity share price went up 3.9 per cent yesterday (11 August). The share opened at Rs 10.45 and closed at Rs 10.39, with 512 shares changing hands. The earlier closing price of the share was Rs 10. The 30 day average volume of shares was 317. The book value of each equity share was Rs 2.19. The P/E ratio of the industry that HBC&DL is involved in is 32.84.

     

    Click here for the financial

  • Hathway Cable’s Jagdish Kumar Pillai resigns as director of JV Hathway Bhawani

    Hathway Cable’s Jagdish Kumar Pillai resigns as director of JV Hathway Bhawani

    MUMBAI: Mumbai-based multi-system operator (MSO) Hathway Bhawani Cabletel & Datacom has appointed Samson Jesudas as the company’s joint managing director.

     

    Also, Hathway Cable & Datacom CEO Jagdish Kumar Pillai has resigned as director of Hathway Bhawani. Hathway Cable & Datacom is a joint venture partner in Hathway Bhawani.

     

    “It is an operational decision. Bhawani is a small entity and with Jagdish being involved in a number of issues, this seemed the right decision,” says an official from Hathway Cable & Datacom.

     

    The changes will take place immediately. “The board has already approved it. Now we are inviting the stakeholders to approve the appointment of Jesudas as the joint managing director,” he adds.

     

    Jesudas has been appointed as the joint MD for a period of three years, till 2017. “Jesudas is an old hand and he seemed to be the right choice,” the Hathway official feels.