Cable TV

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

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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.

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