Hathway Cable and Datacom Q1 FY27 Results: Net Profit Rises 118% Sequentially to ₹24.56 Crore, Driven by Steady Operations

Digital cable television and broadband internet service provider Hathway Cable and Datacom Limited (NSE: HATHWAY; BSE: 533262) today announced its unaudited consolidated financial results for the first quarter of fiscal year 2027 ended June 30, 2026. The company achieved steady top-line expansion, resulting in a dramatic sequential profit bounce, even as elevated content acquisition costs caused a moderate contraction in year-on-year (YoY) bottom-line metrics.

Income Architecture and Top-Line Tractions

Hathway expanded its operating footprint across its core multi-system operator (MSO) and internet service portfolios during the three-month period:

Revenue from Operations: Logged at ₹565.10 crore for Q1 FY27, registering a steady 6.5% year-on-year (YoY) growth against the ₹530.50 crore reported in the first quarter of the previous fiscal year. On a sequential basis, revenue advanced by 3.5% compared to ₹545.85 crore in Q4 FY26.

Total Income: Aggregated to ₹597.42 crore, minorly supported by other corporate non-operating income of ₹32.32 crore.

Profitability Rebound Analysis

The net profit performance for the quarter highlighted a powerful sequential recovery, effectively normalizing from a heavy tax drag in the preceding quarter:

Net Profit for the Period: Reached ₹24.56 crore for Q1 FY27, showcasing an outstanding 118.3% surge sequentially compared to the ₹11.25 crore logged in Q4 FY26. However, on a year-on-year basis, net profit dipped 20.9% against the ₹31.03 crore posted in the base quarter of the last fiscal year, pinned down by high variable operational outlays.

Net Profit Attributable to Parent Owners: Concluded at ₹24.50 crore, while non-controlling interests brought in a minimal ₹0.06 crore.

Total Comprehensive Income: Stood at ₹24.76 crore, aided by small positive re-measurements of defined benefit plans worth ₹0.20 crore.

Earnings Per Share (EPS): Basic and diluted EPS for the quarter bounced back sequentially to ₹0.14 per share (face value of ₹2 each), moving up from ₹0.06 in Q4 FY26 but landing slightly under the ₹0.18 recorded in Q1 FY26.

Cost Matrix and Operational Expenditures

Increased outlays for premium entertainment and sports channels shaped the company's expenditure framework for the quarter:

Total Expenses: Rose to ₹565.28 crore for Q1 FY27, up 7.1% from ₹527.95 crore in the corresponding quarter last fiscal year.

Pay Channel Cost: Emerged as the primary expense driver, scaling up 18.8% YoY to ₹319.46 crore from ₹268.94 crore, as premium television programming and broadcasting rates advanced.

Other Operational Expenses: Stayed well-contained at ₹87.05 crore, compared to ₹84.90 crore in Q1 FY26.

Personnel & Administrative Costs: Employee benefit obligations fell minorly to ₹20.08 crore from ₹21.20 crore YoY. Other miscellaneous business expenses dropped to ₹63.11 crore against ₹67.85 crore in the year-ago base quarter.

Depreciation & Financing: Capital asset depreciation charges moderated down to ₹75.38 crore, while interest and financing fees remained extremely low at ₹0.20 crore.

Tax Configurations and Capital Base

Hathway's consolidated profit before tax landed at ₹32.64 crore, factoring in a minor ₹0.50 crore share of net profit from joint venture and associate networks. Total corporate tax expenses for the three-month window concluded at ₹8.08 crore, consisting of a current tax outgo of ₹6.42 crore and a deferred tax net charge of ₹1.66 crore.

The company maintains a highly liquid equity capital structure, with its paid-up equity share capital base remaining unchanged at ₹354.02 crore (divided into fully paid-up shares of face value ₹2 each). Its long-term other equity reserves remained solid, tracking at ₹4,111.08 crore as per the trailing audited annual balances.

Shares of Hathway Cable & Datacom Limited was last trading in BSE at Rs. 11.04 as compared to the previous close of Rs. 11.09. The total number of shares traded during the day was 235123 in over 532 trades.

The stock hit an intraday high of Rs. 11.11 and intraday low of 10.85. The net turnover during the day was Rs. 2568622.00.

Source : Equity Bulls

Keywords

HathwayCableandDatacom INE982F01036 Q1FY27 Q1FY2027 ResultUpdate