Technology

Hathway narrows Q4 net loss to Rs 67.9 mn

MUMBAI: Hathway Cable and Datacom has narrowed its standalone net loss for the three-month period ended 30 March 2012 to Rs 67.94 million as against Rs 175.48 million a year ago. The multi-system-operator (MSO) had posted a net loss of Rs 182.78 million in the trailing quarter.


The MSO‘s loss from operations (before other Income, finance cost and exceptional items) during the quarter under review also came down to Rs 38.48 million, from Rs 70.57 million. In the trailing quarter, the loss was at Rs 49.28 million.


Net sales from operations in the fourth quarter jumped 16.33 per cent to Rs 1.34 billion as against Rs 1.15 billion in the corresponding quarter of the previous fiscal. In the third quarter of the fiscal, the company’s net sales stood at Rs 1.26 billion.


Hathway‘s total expenses during the quarter went up marginally (6.7 per cent) to Rs 1.39 billion, from Rs 1.31 billion. In the trailing quarter, the expenses stood at Rs 1.33 billion.


The pay channel cost for the quarter rose to Rs 387.93 million from Rs 342.53 million, while employee expense fell to Rs 76.82 million from 107.67 million a year ago. In the preceding quarter, the pay channel cost was Rs 355.13 million.


Full Fiscal performance


For the fiscal ended 31 March, the company‘s net sales increased to Rs 5.08 billion, from Rs 4.67 billion a year ago.


The company‘s net loss for the fiscal widened to Rs 501.92 million, from Rs 403.12 million.


Expenses rose to Rs 5.34 million as against Rs 4.81 billion in FY‘11.


The company said that it has utilised a total of Rs 4.06 billion from the IPO proceeds of Rs 4.8 billion as of 31 March 2012.


It has invested Rs 2.12 billion towards development of digital capital expenditure, services, set top boxes, broadband infrastructure, and capital expenditure, while Rs 1.89 billion is deployed towards repayment of loans and Rs 123.34 million for customer acquisition.


The company said that it has placed orders for adequate number of digital STBs to be seeded in its key markets for the first Phase of digitisation. "Hathway benefits as it is present in three of the four cities which form part of Phase 1 roll out i.e. Mumbai, Delhi and Kolkata, either directly or through its JV partners," the MSO said.


Hathway also witnessed the full fledged launch of its HD services with a bouquet of 20 channels during the quarter. The company set up one more digital head-end to serve the North / North West Delhi areas. Hathway has also launched its music channel "Hathway Music" in Hyderabad.


"The company has cumulatively achieved a landmark of over two million STBs in its universe and is consequently well placed to gain from Phases 1 and 2 of the DAS roll-out," the company said.

Latest Reads

http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/05/16/divesh.jpg?itok=zBE4YL3k
Livestreaming App SWOO sees momentum in India; Launches Trivia Format in India

SWOO, a leading global livestreaming platform established in Middle East, today announced the launch of its SWOO TRIVIA SHOW ? a celebrity hosted live video streaming game show for Indians. SWOO is a user friendly, engaging and feature-rich live broadcasting app available across Android/ iOS/ Web...

Technology Software Applications
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/05/14/TiVo-800.jpg?itok=YeoN1Hcd
TiVo exits STB business

MUMBAI: TiVo is exiting the manufacturing, sales and distribution of set-top boxes to a yet-undisclosed third party, the company has said.

Technology Hardware Set-top Boxes
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/05/09/iot.jpg?itok=8nXgmc_U
IET India IoT Panel joins hands with exhibitions india group for the 3rd edition of IoT india congress

IoT India Congress is India?s Platform of Platforms for the Internet of Things conceptualized by IET India IoT Panel, a think tank constituted by the Institution of Engineering and Technology (IET) India. The 3rd edition of IoT India Congress will be hosted in collaboration with India?s leading...

Technology Software Firmware
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/05/08/lexi.jpg?itok=uPD543QG
Tata Elxsi's Automation suite adopted by pan-European Media and Telecommunications Company

Tata Elxsi, a global design and technology services company, announced the licensing of its integrated test automation and monitoring suite ?FalconEye? to a pan-European media and telecommunications company for OTT automation and improving streaming performance.

Technology Software Firmware
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/04/13/nabshow.jpg?itok=S9rP2yss
Verimatrix recognized for contributions to latin american Pay-TV market with PRODU award win at NAB Show

LAS VEGAS: Verimatrix, a specialist in securing and enhancing revenue for network-connected devices and services, has received the PRODU Award for Best Pay-TV Technology Contribution on behalf of its MultiRights? OTT solution. MultiRights helps service providers effectively navigate the modern OTT...

Technology Software Firmware
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/04/09/magai.jpg?itok=233hZ8S7
Amagi debuts machine-learning powered content-preparation suite

Amagi, a cloud-based technology provider for media processing, has launched Tornado, a machine learning-based content preparation service that enables TV networks and content owners to scale their operations and accelerate broadcast workflows.

Technology Hardware Components
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/03/08/tivo.jpg?itok=1e68Zg0C
Sharp and TiVo extend interactive program guide deal to power content Discovery across entertainment devices

MUMBAI: TiVo Corporation (NASDAQ: TIVO), a global leader in entertainment technology and audience insights, today announced that Sharp Corporation will further utilize TiVo?s G-Guide HTML across Sharp 4K smart TVs and Ultra HD Blu-ray recorders in Japan, TiVo?s G-Guide xD app and remote schedule...

Technology Hardware Components
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/01/25/priyanka.jpg?itok=s2F-oxzy
HARMAN announces Priyanka Chopra as global brand ambassador

HARMAN International, a wholly-owned subsidiary of Samsung Electronics Co., Ltd. focused on connected technologies for automotive, consumer and enterprise markets, today announced that actress, singer, producer and philanthropist Priyanka Chopra has been named a global brand ambassador for the...

Technology Hardware Components
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/01/24/etere_0.jpg?itok=PCzLNCEq
Etere HSM expands interoperability with Grass Valley

Etere HSM features an integration with Grass Valley that improves interoperability, streamlines connectivity, enables faster content processing and includes deep archive capabilities. Etere introduces a new integration layer between Etere Hierarchical Storage Management (HSM) and Grass Valley...

Technology Hardware Components

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories