Hathway Cable Q1 profit doubles QoQ but cable TV still bleeds

Tipsheet Editorial — Thu, 16 Jul 2026 16:27:07 GMT

Net profit at ₹24.56 cr vs ₹11.25 cr last quarter; revenue edges up to ₹565 cr. Investment income props up results; DoT's ₹3,201.93 cr demand remains a contingent liability.

What’s new

Net profit more than doubled sequentially to ₹24.56 cr, aided by higher other income and lower tax.
Cable TV segment logged an operating loss of ₹18.59 cr; broadband contributed just ₹1.45 cr.
DoT's ₹3,201.93 cr license fee demand remains contested with no provision made.

Why it matters

The profit recovery is on a weak base, the March quarter was unusually low. Strip out ₹17.78 cr from dealing in securities, and operating profit is thin. The DoT demand of ₹3,201.93 cr remains unresolved.

What we’re watching

Trend in cable TV segment losses, any narrowing would signal structural improvement.
Progress on the DoT demand, even a partial provision would hit book value.
Broadband subscriber additions, the segment's ₹1.45 cr profit is barely a rounding error.

The full read

Hathway Cable more than doubled its Q1 net profit to ₹24.56 cr from ₹11.25 cr in the March quarter, but that is still below last year's ₹31.03 cr. The improvement came from ₹17.78 cr in investment gains and a lower tax bill, not from operations. The cable TV business, its core, lost ₹18.59 cr. Broadband eked out ₹1.45 cr, a rounding error on a ₹565 cr revenue base. The ₹3,201.93 cr DoT license-fee demand remains unanswered. This is a routine quarter, no surprises, no progress. The stock trades at a trailing P/E of 25.2 with a 2.1% ROE, implying the market is pricing in a resolution that hasn't come.

Primary source: BSE · NSE

Hathway's Q1 profit jumps QoQ but lags year-ago level

Tipsheet Editorial — Thu, 16 Jul 2026 16:23:05 GMT

Net profit of ₹24.56 cr more than doubles from ₹11.25 cr in March quarter; revenue rises to ₹565.10 cr. Cable TV losses persist, broadband barely profitable, DoT liability remains overhang.

What’s new

Net profit jumped to ₹24.56 cr from ₹11.25 cr in Q4 FY26
Revenue rose to ₹565.10 cr from ₹545.85 cr sequentially
Cable segment loss continues; broadband marginally profitable

Why it matters

The QoQ recovery is welcome, but the YoY decline from ₹31.03 cr shows core business pressure. With a ₹3,201.93 cr DoT notice unresolved, the balance sheet risk stays material.

What we’re watching

Resolution of DoT show-cause notice for ₹3,201.93 cr
Trend in broadband profitability, still only marginal
Q2 revenue momentum after modest QoQ growth

The full read

Hathway Cable posted a net profit of ₹24.56 cr for the June quarter, more than double the ₹11.25 cr of Q4 FY26, but below the ₹31.03 cr reported a year ago. Revenue inched up sequentially to ₹565.10 cr. The cable TV business remains in the red; the broadband arm is only marginally profitable. The big overhang is a ₹3,201.93 cr demand from the DoT that the company is contesting with no provision booked. At a market cap of just ₹2,076 cr, that potential liability is existential, but it is not new. The quarter is a routine update: earnings are mixed, the trajectory is unclear, and the material story hasn't changed.

Primary source: BSE · NSE

Hathway Cable & Datacom Ltd. (HATHWAY) — Tipsheet

Hathway Cable Q1 profit doubles QoQ but cable TV still bleeds

What’s new

Why it matters

What we’re watching

The full read

Hathway's Q1 profit jumps QoQ but lags year-ago level

What’s new

Why it matters

What we’re watching

The full read