Cable TV

Hathway reports improved standalone Q3 results

http://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2018/02/13/hathway.jpg?itok=sc6M1kXO

BENGALURU: The demerged Hathway Cable and Datacom (Hathway) reported standalone profit after tax (PAT) of Rs 23.87 crore (17.2 per cent of operating revenue) for the quarter ended 31 December 2017 (Q3 2018, quarter under review), 70.4 per cent higher as compared to PAT of Rs 14.01 crore (10.7 per cent of operating revenue) in the immediate trailing quarter Q2 2018 (q-o-q).  It may be noted that Hathway?s numbers for Q3 2017 included both cable television and broadband numbers and hence, cannot be compared with Q3 2018 revenues that include only broadband revenue. Hence, Hathways numbers for the current quarter have been compared to its numbers from the immediate trailing quarter Q2 2018 (quarter ended 30 September 2017). As a matter of fact, after the transfer of Hathway?s cable television business as a slump sale since Q1 2018, the company has reported PAT for each quarter.

Hathway?s total revenue of Rs 144.53 crore for the quarter under review was 5.4 per cent more q-o-q than Rs 136.97 crore. Revenue from operations in Q3 2018 was 5.8 per cent higher q-o-q at Rs 138.61 crore than Rs 131.4 crore.

Hathway?s total comprehensible income (TCI) for the current quarter was 71.9 per cent higher q-o-q at Rs 24.01 crore as compared to Rs 13.98 crore. Simple operating EBIDTA for Q3 2018 at Rs 60.2 crore (43.3 per cent of operating revenue) was 14.2 per cent higher q-o-q than Rs 52.55 crore (40.1 per cent of operating revenue).

Hathway?s total expenditure in the quarter under review declined 1.9 per cent q-o-q to Rs 120.70 crore from Rs 123.07 crore. Finance costs in the current quarter declined 13.1 per cent q-o-q to Rs 17.54 crore from Rs 20.19 crore. Employee benefits expense in Q3 2018 increased 7.6 per cent q-o-q to Rs 11.33 crore from Rs 10.53 crore. Other expenses in the quarter declined 2.5 per cent q-o-q to Rs 34.20 crore from Rs 35.07 crore. Other operational expenses reduced 0.5 per cent in Q3 2018 to Rs 32.89 crore from Rs 33.06 crore.

Also Read :

Hathway Cable & Datacom reports improved numbers for Q2-18

Hathway Bhawani MD and CEO Sameer Joseph quits

Hathway reports improved performance

Latest Reads

http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/10/11/act.jpg?itok=jNeP51zC
ACT Fibernet seeks funding; discloses financials

In its prospectus with SEBI, ACT Fibernet submitted the financial details and is looking for fund-raising to expand the business across India. ACT Fibernet reported revenue of Rs 1,217 crore and EBITDA of Rs 211.67 crore in fiscal 2017.

Cable TV Local Cable Operators
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/10/05/hathway.jpg?itok=3H7_WXyA
Hathway to target existing users for new OTT, cable hybrid STBs

Indian consumers are not losing interest in linear TV anytime soon but one can’t be too wary given the OTT burst. To stay ahead of the game, Hathway has unveiled two new products – an OTT set-top box and a cable hybrid box. Both of the boxes have been priced at Rs 2999.

Cable TV Local Cable Operators
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/10/01/pankraj_1.jpg?itok=YCyiTCA0
Carriage fees have dropped in 2018 : Chrome DM Carriage Optimizer Report

Carriage fees have dropped by approximately 5 per cent for existing deals and by about 7 per cent for new channel launches is one of the highlights of the seventh edition (R7) of the Chrome Carriage Optimizer Annual Report (CCO) by Chrome Data Analytics & Media (Chrome DM).

Cable TV Local Cable Operators
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/09/11/siti.jpg?itok=jXHpwkyJ
SITI Networks Limited announces “SITI PlayTop”, its first Hybrid Set Top Box

SITI Networks Limited, has announced that it will be introducing a range of Set Top Boxes for delighting its customers. To begin with, the company has announced, “SITI PlayTop”, its first Hybrid Set Top Box.

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/09/04/siti.jpg?itok=JOG8pkn3
Siti relooks at broadband as cable subscription drove revenues in FY18

In FY 2017 (fiscal or year ended 31 March 2017, previous year), the Essel Group’s Siti Networks Ltd (Siti) was all gung-ho about broadband. In its annual report for fiscal 2017, the company said that it had become the largest multi-system operator (MSO) and a leading wired broadband services...

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/09/01/Digital.jpg?itok=v-WMvuRl
Pay TV execs feel need to innovate to remain relevant, finds study

With the advent of digital content platforms, pay TV industry across the world is facing stiff competition. The pay TV Innovation Forum report produced by Nagra in association with research firm MTM, found that 90 per cent of executives believe that pay TV providers will have to innovate strongly...

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/08/29/hathway.jpg?itok=iFsVkbju
Hathway Cable gets approval to raise funds worth Rs 99.63 crore

MUMBAI: Leading cable and broadband player Hathway received an approval to raise funds worth Rs 99.63 crore at a board meeting held on 29 August. Following the approval the company’s shares rallied as much as 15 per cent.

Cable TV Multi System Operators
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/08/28/zee_1.jpg?itok=pRptDAIa
ZEEL announces new TV channel prices ahead of deadline

Ahead of 31 August 2018 deadline for publishing TV channel prices in a new format and a day before the Supreme Court hears a case relating to TRAI’s new tariff regime, Zee Entertainment Enterprises Ltd  (ZEEL) has made public its channel prices as suggested by the regulator in 2016, setting an...

Cable TV Local Cable Operators
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/08/28/gtpl.jpg?itok=WHQxgPNL
GTPL Hathway to promote 40 Mbps broadband speed to masses

As wireline broadband business is emerging as a sector full of growth opportunities, several cable operators, as well as MSOs, are increasing their investment in the segment. GTPL Hathway, the Gujarat based cable and broadband player, is ready to lower its ARPU in the broadband segment to get more...

Cable TV Local Cable Operators

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories