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Tag: Hathway Cable and Datacom

  • Hathway Cable and Datacom Q1 FY23 revenues at Rs 447.2 crore

    Hathway Cable and Datacom Q1 FY23 revenues at Rs 447.2 crore

    Mumbai: Hathway Cable and Datacom on Friday reported its first quarter results for the financial year FY23. The company reported gross revenue of Rs 447.2 crore and earnings before interest, tax, depreciation and amortisation (Ebitda) of Rs 102.6 crore.

    The company reported profit after tax of Rs 21 crore as compared to Rs 28.4 crore in the preceding quarter. Its broadband business brought in revenues of Rs 157.2 crore and its cable TV business stood at Rs 290 crore.

    The company’s total expenditure stood at Rs 360.2 crore, and its pay channel cost stood at Rs 172.7 crore.

    Hathway Cable and Datacom reported 1.12 million broadband subscribers at the end of June. Customer satisfaction scores (CSAT) increased from 62 per cent in the first quarter of FY22 to 84 per cent in the first quarter of FY23.

    The company augmented its fibre-to-the-home capacity to accommodate another 1.2 million customers. It also finished next-generation. Docsis speed complaints were reduced by 80 per cent in all cities following the Docsis upgrade. It reported that 65 per cent of Docsis customers have been upgraded to 100 Mbps plans.

  • Hathway Cable and Datacom reports revenue of Rs 1,793 crore in FY22

    Hathway Cable and Datacom reports revenue of Rs 1,793 crore in FY22

    Mumbai: Hathway Cable and Datacom Ltd reported gross revenue of Rs 1,793 crore in FY22 an increase of four per cent over FY21. Its broadband revenue stood at Rs 621.9 crore while CATV revenue stood at Rs 1171.1 crore for the financial year. The company reported profit after tax of Rs 130.4 crore a decline of 49 per cent year-on-year.

    “The business model for the company was protected in spite of Covid-19 led movement restrictions and disrupted supply chains,” said the statement.

    In its fourth quarter results, the company saw gross revenues of Rs 448.8 crore, an increase of two per cent year-on-year. Broadband revenue for the quarter stood at 157.1 crore and CATV revenue at Rs 291.7 crore. It saw profit after tax of Rs 28.4 crore in the quarter, a 16 per cent decline quarter-on-quarter.

    CATV business highlights

    The company reported 5.4 million set-top-box connections and more than 109 cities and major towns. “In the last two years, the company has created an extensive incremental infrastructure for market share gain. We have connected over 250 new locations with IP links,” said the statement. “Our product/go-to-market strategy/infrastructure ready for taking benefit of a more conducive market and business scenario with pandemic becoming more manageable. Set top box procurement and market share gain plans being rolled out.”  

    It further added, “The casting of OTT apps through already seeded new generation HD boxes is being piloted. This unique feature can give access to OTT to millions of Hathway Cable TV customers without any need to buy an additional OTT box. We have also piloted TV Plug. Using this Hathway can provide the most reliable last mile cable TV connectivity from a mobile tower network.

    Hathway Cable has also launched a digital platform to enhance the competencies of partner local cable operators in the cable TV business.

    ISP business highlights

    The company’s subscription revenue stood at Rs 157.1 crore with an increase of 32K customers in Q4 FY22 led by strong FTTH customer acquisition. FTTH consumers now account for 70 per cent of overall ISP consumers. “The company saw subdued revenue growth on account of higher speed and unlimited data limits now available at lower ARPU plans at industry level,” said the statement.

    The company reported 1.11 million broadband subscribers at the end of the fourth quarter FY22. 

  • Hathway partners with Haptik to elevate customer experience & scales support

    Hathway partners with Haptik to elevate customer experience & scales support

    Mumbai: Hathway has partnered with Jio Haptik Technologies to leverage its conversational AI technology to improve customer retention.

    The cable TV and broadband service provider has successfully launched ‘Diva’ – an intelligent virtual assistant, to give customer support to Hathway’s 11 million subscribers.

    The advent of Covid-19 accelerated the move to work from home subsequently causing a shift in customer expectations. More customers started raising queries, complaints and requests on Hathway’s digital platforms including its app, self-care and website. ‘Diva’ helped drive faster customers responses and substantially elevated customer service, said the statement.

    ‘Diva’ has successfully handled 2.7 million conversations so far and has improved first response time (FRT) and issue identification by 98.3 per cent. It has also improved first-time resolution for technical and billing issues collectively by 95 per cent, it added.

    “Haptik is a key partner for Hathway because they are driving real innovation in conversational AI,” said Hathway Cable and Datacom chief customer service officer Anil Jhamb. “Their AI platform is transforming the way we think about fostering meaningful digital interactions and customer engagement. With Haptik we were able to bring speed and efficiency to our customers, improve customer communication and deliver the state-of-the-art digital experiences that achieve impactful results.”

    “The past year saw brands across all industries leaning more heavily on AI, automation, and self-service to manage high volumes of customer support queries coming in,” said Haptik VP and GM, India and MEA Pratyush Kukreja. “Messaging also has evolved as the preferred way for customers to interact with brands because it is quick, convenient and feels more personalized. Working with Hathway gives us the opportunity to power millions of users with AI-driven connected experiences. Seeing Hathway’s success further fuels our goal to drive the world’s transition to AI-powered conversations.”

  • Hathway Cable reports gross revenues of Rs 455 cr for Q3 FY22

    Hathway Cable reports gross revenues of Rs 455 cr for Q3 FY22

    Mumbai: Hathway Cable and Datacom Ltd posted its third-quarter financial results for FY 2022. The company reported its gross revenue at Rs 455 crore an improvement of three per cent year-on-year.

    The company saw broadband revenue of Rs 154.9 crore and cable TV (CATV) revenue of Rs 300.1 crore. It posted EBITDA of Rs 122.7 crore and EBITDA margin at 27 per cent.

    CATV business

    In the last two years, the company has created an extensive incremental infrastructure for market share gain with focus on Southern and Eastern states. “We have connected over 250 new locations with IP links and added 3,000 KMs of fiber network,” it said in a statement.

    The company has piloted a new generation of HD set-top boxes that allow the casting of OTT apps. Hathway Cable TV customers can now access OTT content without any need to buy an additional box. It also piloted a TV plug using which it can provide reliable last mile cable TV connectivity from a mobile tower network. The company has a presence in more than 109 cities and major towns with 5.5 million STBs deployed and 46,000 kms of the fiber cable network.

    ISP business

    The company saw strong FTTH customers acquisition during Q3 FY 22 with net additions of 24,000 FTTH customers. FTTH consumers now account for up to 65 per cent of overall ISP consumers and 70 per cent of ISP revenue.

    The company has 1.08 million broadband subscribers and sees an average consumption of 223 Gb. It has completed next-generation Docsis upgradation in all cities resulting in 70 per cent decline in Docsis speed complaints and 64 per cent of Docsis consumers have been upgraded to 100 mbps speed plans. The company has 76 per cent redundancy in FTTH PON ports up to the splitter level achieved as of December 2021. It saw an average of a single complaint per year per consumer regarding any FTTH service issue. FTTH capacity has been augmented to accommodate 1.2 lakh consumers.

  • Hathway profits up on lower revenue in second quarter

    Hathway profits up on lower revenue in second quarter

    BENGALURU: The Mukesh Dhirubhai Ambani controlled MSO and broadband internet services provider Hathway Cable and Datacom Limited (Hathway) reported consolidated profit after tax (PAT) at Rs 52.33 crore for the quarter ended 30 September 2020 (Q2 2021, quarter or period under review) against loss of Rs 2.42 crore for the corresponding year-ago quarter Q2 2020 (y-o-y). PAT for the period under review was 20.8 percent lower quarter-on-quarter (q-o-q) than the Rs 66.06 crore the company had posted for the immediate trailing quarter Q1 2021. However, consolidated operating EBDITA for the period under review at Rs 120.39 crore (27.9 percent of operating revenue) grew 14.7 percent y-o-y from Rs 105.71 crore (23.8 percent of operating revenue) and was also 1.9 percent higher q-o-q than the Rs 118.18 crore (28.2 percent of operating revenue) in Q1 2021.

    Hathway’s consolidated operating revenue fell 2.5 percent y-o-y in Q2 2021 to Rs 431.24 crore from Rs 442.11 crore in Q2 2020, but was 2.8 percent higher q-o-q than Rs 419.56 crore. Consolidated total income (total revenue) during the quarter fell 9.8 percent y-o-y to Rs 460.66 crore from Rs 510.77 crore, and was 5.6 percent lower q-o-q than Rs 488.22 crore.

    Broadband and CATV segment numbers for Q2 2021

    Hathway has two major segments – broadband internet services (BB) and cable television or CATV.

    BB segment saw operating revenue increase 10 percent y-o-y in Q2 2021 to Rs 153.34 crore from Rs 139.36 crore in the corresponding year ago quarter and grew 4.7 percent q-o-q from Rs 146.51 crore in Q1 2021. The segment’s operating result (operating profit) in Q1 2021 was Rs 6.68 crore as compared to an operating loss of Rs 25.10 crore in Q1 2020, but was 14.8 percent lower than the operating profit of Rs 7.84 crore in Q1 2021.

    CATV segment revenue declined 8.2 percent y-o-y in Q2 2021 to Rs 277.90 crore from Rs 302.75 crore in Q2 2020, but was 1.8 percent more q-o-q than the Rs 273.05 crore for Q1 2021 The segment reported more than two-fold increase in operating result (operating profit) – which grew 116 percent y-o-y in Q2 2021 to Rs 21.32 crore from Rs 9.87 crore in Q2 2020 and was 25 percent higher q-o-q than Rs 17.06 crore in the immediate trailing quarter/

    Let us look at the other numbers reported Hathway for Q2 2021

    All numbers in this report are consolidated unless stated otherwise.

    Total expenditure in Q2 2021 declined 19.9 percent y-o-y to Rs 407.90 crore from Rs 509.50 crore in the corresponding period of the previous year and was 4.7 percent lower q-o-q than Rs 427.92 crore in Q1 2021.

    Pay channel cost during the quarter under review declined 4.4 percent y-o-y to Rs 132.46 crore from Rs 138.55 crore, but was almost flat (up 0.2 percent) q-o-q as compared to Rs 132.18 crore for Q1 2021. Employee cost in Q2 2021 declined 3.6 percent y-o-y to 24.44 crore from Rs 25.36 crore, but was 0.6 percent higher q-o-q than Rs 24.30 crore in Q2 2020. Operational expenses in Q2 2021 grew 19.8 percent y-o-y to Rs 81.65 crore from Rs 68.18 crore and were 5.1 percent more q-o-q than Rs 77.67 crore in Q1 2021.

    Finance cost was less than one-twelfth (declined 91.8 percent) y-o-y to Rs 4.27 crore from Rs 51.87 crore in the corresponding quarter of last year and was a little more than one-eighth (declined 87 percent) than the Rs 32.96 crore in Q1 2021. Other expenses in Q2 2021 declined 31.5 percent y-o-y to Rs 72.30 crore from Rs 105.01, but were 7.5 percent higher q-o-q than the Rs 67.23 crore in Q1 2021.

  • Hathway reports higher profits despite lower revenue

    Hathway reports higher profits despite lower revenue

    BENGALURU: The Mukesh Dhirubhai Ambani-controlled MSO and broadband internet services provider Hathway Cable and Datacom Ltd (Hathway) reported consolidated profit after tax (PAT) at Rs 66.06 crore for the quarter ended 30 June 2020 (Q1 2021, quarter or period under review) against loss of Rs 9.38 crore for the corresponding year ago quarter Q1 2020 (y-o-y). Consolidated operating EBITDA for the period under review at Rs 118.18 crore (28.2 percent of operating revenue) grew 26.9 percent y-o-y from Rs 83.14 crore (20.7 percent of operating revenue).

    Hathway’s consolidated operating revenue fell 6.7 percent y-o-y in Q1 2021 to Rs 419.56 crore from Rs 449.78 crore in Q1 2020. Consolidated total income (total revenue) during the quarter fell 3.6 percent y-o-y to Rs 514.46 crore from Rs 506.68 crore.

    Hathway has two major segments – broadband internet services (BB) and cable television or CATV.

    BB segment saw operating revenue increase 9.5 percent y-o-y in Q1 2021 to Rs 146.51 crore from Rs 133.81 crore in the corresponding year ago quarter. The segment’s operating result (operating profit) declined 14.2 percent y-o-y in Q1 2021 to Rs 7.84 crore from Rs 9.14 crore.

    CATV segment revenue declined 13.6 percent y-o-y in Q1 2021 to Rs 273.05 crore from Rs 315.97 crore in Q1 2020. The segment reported more than six-fold increase in operating result (operating profit) – which grew 505 percent y-o-y in Q1 2021 to Rs 17.06 crore from Rs 2.82 crore in Q1 2020.

    Let us look at the other numbers reported Hathway for Q1 2021

    All numbers in this report are consolidated unless stated otherwise.

    Total expenditure in Q1 2021 declined 17.6 percent y-o-y to Rs 427.92 crore from Rs 519.61 crore in the corresponding period of the previous year. Pay channel cost during the quarter under review increased 1.6 percent y-o-y to Rs 152.70 crore from Rs 130.06 crore. Employee cost in Q1 2021 grew 2.8 percent y-o-y to Rs 24.30 crore from Rs 23.63 crore in Q1 2020. Operational expenses in Q1 2021 grew 0.7 percent (almost flat) y-o-y to Rs 77.67 crore from Rs 77.13 crore. Finance cost was less than half (declined 59.7 percent) y-o-y to Rs 32.96 crore from Rs 81.79 crore in the corresponding quarter of last year. Other expenses in Q1 2021 declined 46.6 percent y-o-y to Rs 67.23 crore from Rs 125.82 crore.

  • Cable business drives Hathway’s return to profitability

    Cable business drives Hathway’s return to profitability

    BENGALURU: Mukesh Ambani’s Reliance Industries Limited-owned Indian multi-system operator and internet services provider Hathway Cable and Datacom Limited (Hathway) reported consolidated profit after tax (PAT) of Rs 105.47 crore for the year ended 31 March 2020 (FY 2020, year under review) as compared to a loss of Rs 187.67 crore for FY 2019. The company’s cable division reported a consolidated operating profit of Rs 84.77 crore and operating revenue of Rs 1,230.71 crore as compared to a consolidated operating loss of Rs 457.46 crore on operating revenue of Rs 1,030.66 crore in FY 2019. Cable business revenue for the year under review grew 19.4 per cent as compared to FY 2019.

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    The other business of Hathway – broadband internet services saw operating revenue grow 7.6 per cent in FY 2020 to Rs 567.59 crore from Rs 527.63 crore in the previous year. The internet services business incurred an operating loss of Rs 20.54 crore in FY 2020 as compared to an operating profit of Rs 42.01 crore in FT 2019.

    Hathway’s consolidated operating revenue in FY 2020 grew 15.4 per cent to Rs 1,798.39 crore from Rs 1,558.29 crore in FY 2019. Consolidated total income for the year grew 26.2 per cent to Rs 2044.14 crore from Rs 1,619.20 crore in the previous year.

    For the quarter ended 31 March 2020 (Q4 2020, quarter under review), Hathway reported consolidated operating revenue of Rs 455.68 crore, which was 19.6 per cent more than the Rs 381.04 crore in the corresponding quarter of the previous year Q4 2019 (Y-o-Y). Consolidated PAT for the quarter under review grew more than sevenfold (up 642.5 per cent) in Q4 2020 Y-o-Y to Rs 49.08 crore from Rs 6.61 crore.

    Cable business operating revenue for Q4 2020 increased 22.4 per cent to Rs 304.36 crore Y-o-Y from Rs 248.61 crore. Hathway reported operating profit of Rs 39.04 crore as compared to an operating loss of Rs 333.89 crore for Q4 2019. Internet services business revenue for the quarter under review grew 14.3 per cent Y-o-Y to Rs 151.32 crore from Rs 132.43 crore. Internet services business saw an operating profit of Rs 1.24 crore in Q4 2020 as compared to an operating loss of Rs 18.11 crore in Q4 2019.

    Let us look at the other numbers reported by the company

    All numbers in this report are consolidated unless stated otherwise.

    Total expenditure in FY 2020 grew 7.6 per cent to Rs 1,960.53 crore from Rs 1,822.72 crore in the previous year. Pay channel cost during the year under review declined 8.1 per cent to Rs 560.56 crore from Rs 609.85 crore. Employee cost in FY 2020 grew 14.4 per cent to Rs 94.79 crore from Rs 82.86 crore. Other operational expenses in FY 2020 grew 21.1 per cent to Rs 306.62 crore from Rs 253.30 crore. Finance cost grew 2.5 per cent to Rs 226.37 crore from Rs 220.80 crore. Other expenses in FY 2020 grew 32.2 per cent to Rs 401.09 crore from Rs 303.50.

    Total expenditure in Q4 2020 grew 5.2 per cent Y-o-Y to Rs 458.53 crore from Rs 435.97 crore. Pay channel cost during the period under review increased 16.25 per cent Y-o-Y to Rs 152.70 crore from Rs 131.41 crore. Employee cost in Q4 2020 reduced 3.1 per cent Y-o-Y to Rs 21.53 crore from Rs 22.22 crore. Other operational expenses in Q4 2020 grew 20.4 per cent Y-o-Y to Rs 79.72 crore from Rs 66/23 crore. Finance cost declined 22.1 per cent Y-o-Y to Rs 43.13 crore from Rs 55.38 crore. Other expenses in Q4 2020 grew 5.5 per cent Y-o-Y to Rs 81.70 crore from Rs 77.45 crore.

  • Cable TV subscription drives Hathway revenue growth in Q1 FY 2020

    Cable TV subscription drives Hathway revenue growth in Q1 FY 2020

    BENAGLURU: Hathway Cable and Datacom Ltd (Hathway) reported 38 percent growth in subscription revenue from its cable TV business (CATV) for the quarter ended 30 June 2019 (Q1 2020, quarter or period under review) as compared to the corresponding year ago quarter (y-o-y) Q1 2019. CATV subscription revenue for Q1 2020 grew 28 percent as compared to the immediate trailing quarter Q4 2019 (q-o-q). CATV subscription revenues for the period under review, the corresponding year ago quarter and the immediate trailing quarter were Rs 216.7 crore, Rs 157.4 crore and Rs 169.9 crore respectively.

    Placement revenue in Q1 2020 grew 5 percent y-o-y to Rs 78.7 crore from 75.2 crore and grew 35 percent q-o-q from Rs 58.2 crore. Activation revenue declined 13 percent y-o-y to Rs 15.3 crore from Rs 17.6 crore and declined 3 percent q-o-q from Rs 15.7 crore. The split of placement and activation revenues for iCATV and Broadband business has not  been mentioned.

    Overall, CATV business revenue in Q1 2020 grew 24 percent y-o-y to Rs 315.97 crore from Rs 254.91 crore and grew 27.1 percent q-o-q from Rs 248.51 crore. The company reported an operating profit (segment result) of Rs 2.82 crore from CATV business for Q1 2020 as compared to an operating loss of Rs 31.16 crore in Q1 2019 and an operating loss of Rs 333.89 crore for Q4 2019. The high losses for Q4 2019 were due to exceptional items to the extent of Rs 410.74 that included impairment of trade receivables, advances and exposure to certain entities including joint ventures, write down to property plants and equipment and expenses relating to equity infusion. The exceptional items for Q4 2019 were a one time expense and had non-routine material impact on financial statements says the company. Q1 2020 is the first full quarter after the implementation of Telecom Regulatory Authority of India (TRAI) New Tariff Order.

    Comparatively, the broadband business revenue of the country’s now fourth largest wired broadband internet services provider grew 3.1 percent y-o-y and 1 percent q-o-q. Hathway reported Rs 133.81 crore, Rs 129.8 crore and Rs 132.43 crore as broadband revenue for Q1 2020, Q1 2019 and Q4 2019 respectively. Hathway reported less than half the operating profit (segment result) from its Broadband business at Rs 9.14 crore for Q1 2020 as compared to an operating profit of Rs 19.89 crore for Q1 2019. The company had reported an operating loss of Rs 18.11 crore for the immediate trailing quarter from its broadband business.

    The company says that it has deployed 60 lakh (6 million, 0.06 crore) set top boxes and claims 8.4 lakh (0.84 million, 0.084 crore) broadband internet subscriber base at the end of the quarter under review in an investor presentation. Comparative broadband subscribers for Q1 2019 and Q4 2019 were 7.7 lakh (0.77 million, 0.077 crore) and 8.1 lakh (0.81 million, 0.081 crore) respectively. While data consumption per user has gone up, broadband ARPU has declined in Q1 2020 to Rs 650 in Q1 2020 from Rs 690 in Q1 2019 and from Rs 662 in Q4 2019. It says further that FTTH markets will be leading growth in customer acquisition and that its focus will be on doubling net additions momentum Q2 2020 onward.

    Let us look at the other numbers reported by the company

    All numbers in this report are consolidated unless stated otherwise.

    Hathway’s total operating revenue for Q1 2020 grew 16.9 percent y-o-y to Rs 449.78 crore from Rs 384.71 crore and grew 18 percent q-o-q from Rs 381.04 crore. Total income or revenue for Q1 2020 grew 29.2 percent y-o-y to Rs 506.68 crore from Rs 392.18 crore and grew 20 percent q-o-q from Rs 422.10 crore. The company reported a loss of Rs 9.38 crore for Q1 2020 as compared to a loss of Rs 51.72 crore for Q1 2019 and profit after taxes (PAT) of Rs 6.61 crore in Q4 2019.

    The company reported EBITDA growth of 15 percent y-o-y in its investor presentation for Q1 2020 to Rs 104.38 crore (23.2 percent margin) from Rs 90.5 crore (23.5 percent margin) and growth of 37 percent q-o-q from Rs 76.1 crore (20 percent margin). Simple EBITDA calculated from the company’s numbers reported to the bourses was Rs 93.14 crore (20.7 percent margin) for Q1 2020 which was 30.6 percent higher y-o-y than Rs 71.32 crore (18.5 percent margin) reported for Q1 2019 and was 11.2 percent more than the Rs 83.73 crore (22 percent margin) for Q4 2019.

    Total expenditure in Q1 2020 grew 16.1 percent y-o-y  to Rs 519.61 crore from Rs 447.52 crore and grew 19.2 percent from Rs 435.97 crore.

    Pay channel cost during the period under review declined 15.5 percent y-o-y to Rs 130.06 crore from Rs 153.88 crore and declined 1 percent q-o-q from Rs 131.41 crore. Employee cost in Q1 2020 grew 15.6 percent y-o-y to Rs 23.63 crore from Rs 20.45 crore and grew 6.3 percent q-o-q from Rs 22.22 crore. Operational cost in Q1 2020 grew 29.6 percent y-o-y to Rs 77.13 crore from Rs 59.51 crore and grew 16.5 percent q-o-q from Rs 66.23 crore. Finance cost grew 58.7 percent y-o-y to Rs 81.79 crore from Rs 51.53 crore and grew 47.7 percent q-o-q from Rs 83.28 crore. Other expenses in Q1 2020 grew 58.2 percent y-o-y to Rs 125.82 crore from Rs 79.55 crore and grew 62.5 percent q-o-q from Rs 77.45 crore.

  • RIL plans to acquire additional 26% stake in Hathway Cable and Datacom

    RIL plans to acquire additional 26% stake in Hathway Cable and Datacom

    MUMBAI: Reliance Industries (RIL) and its group companies have announced an open offer to acquire an additional 26 per cent stake in Hathway Cable and Datacom, after receiving the approval from Competition Commission of India (CCI), according to a new article in the Press Trust of India.

    Reliance Industries along with Jio Content Distribution, Jio Internet Distribution Holdings and a clutch of group companies "have announced an open offer for acquisition of up to 46,02,27,170 fully paid up equity shares…from public shareholders of Hathway Cable and Datacom, representing 26 per cent of the expanded voting share capital, at a price of Rs 32.35 per equity share aggregating to total consideration of Rs 1,488.83 crore, payable in cash," Hathway informed in a regulatory filing.

    In October 2018, Reliance Industries had acquired majority stakes in Den Networks Ltd and Hathway Cable and Datacom Ltd for Rs 5,230 crore.

    In DEN, Reliance made a primary investment of Rs 2,045 crore through a preferential issue and secondary purchase of Rs 245 crore from existing promoters. In Hathway, RIL made a primary investment of Rs 2,940 crore through a preferential issue.

  • Hathway reports improved numbers

    Hathway reports improved numbers

    BENGALURU: The demerged Hathway Cable and Datacom Ltd (Hathway) reported standalone profit after tax (PAT) of Rs 12.62 crore (8.7 per cent of operating revenue) for the quarter ended 31 March 2018 (Q4 2018, quarter under review), 47.1 per cent lower as compared PAT of Rs 23.87 crore (17.2 per cent of operating revenue) in the immediate trailing quarter Q3 2018 (q-o-q).  It may be noted that Hathway’s numbers for Q4 2017 include both cable television and broadband numbers and hence cannot be compared with Q4 2018 revenues that include only broadband revenue. Hence, Hathway’s numbers for the quarter under review have been compared to its numbers from the immediate trailing quarter Q3 2018 (quarter ended 31 December 2017). As a matter of fact, after the transfer of the Hathway’s cable television business as a slump sale since Q1 2018, the company has reported standalone profits after tax for each quarter as well as for fiscal 2018.

    Hathway’s standalone total revenue of Rs 149.24 for Q4 2018 was 5.1 per cent more q-o-q then Rs 144.53 crore for Q3-2081. Revenue from operations in Q4 2018 was 5.1 per cent higher q-o-q at Rs 145.74 crore than Rs 138.65 crore.

    Hathway’s total comprehensible income (TCI) for the quarter under review was 43.9 per cent lower q-o-q at 13.47 crore than Rs 24.01 crore. Simple operating EBITDA for Q4 2018 at 59.04 crore (40.5 per cent of operating revenue) was 1.7 per cent lower q-o-q than Rs 60.6 crore (43.3 per cent of operating revenue).

    Hathway’s total expenditure in the quarter under review increased 12.4 per cent q-o-q to Rs 135.70 crore from Rs 120.70 crore. Finance costs in Q4 2018 increased 17.1 per cent q-o-q to Rs 23.37 crore from Rs 17.54 crore. Employee Benefits Expense in Q4 2018 reduced 1.7 per cent q-o-q to Rs 11.14 crore from Rs 11.33 crore. Other expenses in the quarter increased 26.6 per cent q-o-q to Rs 43.32 crore from Rs 34.20 crore. Other operational costs reduced 2.5 per cent q-o-q in Q4 2018 to Rs 32.25 crore from Rs 33.06 crore in Q3 2018.

    Hathway’s standalone numbers for FY 2018

    Hathway’s standalone operating revenue or broadband revenue for the year ended 31 March 2018 (year under review, FY 2018) was Rs 544.54 crore. Standalone total revenue for FY 2018 was Rs 556.51 crore. The company reported standalone TCI of Rs 78.92 crore. Standalone PAT for 2018 was Rs 77.66 (14.3 per cent of operating revenue). Total expenditure for the year under review was Rs 495.06 crore.

    Hathway’s consolidated numbers for FY 2018

    Hathway reported consolidated total revenue of Rs 1,544.33 crore for the year ended 31 March 2018 (year or fiscal under review, FY 2018) was 12.9 per cent more than Rs 1,368.25 crore in FY 2017. Revenue from operations including other operating revenue in FY 2018 was 14.1 per cent higher in FY 2018 at Rs 1,534.62 crore than Rs 1,344.40 crore in the previous year. The company reported a lower total comprehensible loss (TCL) of Rs 105.21 crore for FY 2018 as compared to TCL of Rs 193.19 crore for FY 2017. Net loss for the year under review was also lower at Rs 108.30 crore as compared to Rs 193.79 crore in FY 2017.

    Consolidated total expenditure for FY 2018 at Rs 1,686.45 crore was 7.8 per cent higher than Rs 1,564.17 crore in FY 2017. Consolidated pay channel cost during the year under review was 20.7 per cent higher at Rs 569.35 crore as compared to Rs 471.69 crore in FY 2017. Consolidated other operating costs in FY 2018 were 2.9 per cent higher at Rs 263.90 crore as compared to Rs 256.47 crore in FY 2017. Consolidated employee benefits expense during the period under review reduced 17.3 per cent to Rs 76.99 crore from Rs 93.15 crore in the previous year. Consolidated finance cost in FY 2018 was 37.9 per cent higher at Rs 152.76 crore as compared to Rs 110.75 crore in the previous fiscal. Consolidated other expenses reduced 11.5 per cent in FY 2018 to Rs 288.75 crore from Rs 326.26 crore in FY 2017.

    Hathway’s consolidated numbers include revenue from two segments – broadband business and cable TV. The standalone numbers mentioned above were for Hathway’s broadband business. Cable television revenue for FY 2017 was Rs 990.08 crore and an operating loss of Rs 129.33 crore.

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