HATHWAY CABLE Announces Quarterly Results (1QFY20); Net Profit Up 842.2%

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HATHWAY CABLE Announces Quarterly Results (1QFY20); Net Profit Up 842.2%
Mon, 15 Jul

HATHWAY CABLE has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

HATHWAY CABLE Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m1,2981,3241,3381.0%3.1%
Other incomeRs m1741057740.8%3273.1%
TurnoverRs m1,3151,7341,91510.4%45.6%
ExpensesRs m8299019566.1%15.2%
Gross profitRs m469-422383-18.4%
DepreciationRs m2702822913.3%7.9%
InterestRs m24225637345.9%53.9%
Profit before taxRs m-26-550295
TaxRs m0-2,6771000.0%
Profit after taxRs m-262,127195-90.8%
Gross profit margin%36.1-31.928.6
Effective tax rate%0.0486.833.9
Net profit margin%-2.0122.710.2
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 3.1% on a year-on-year (YoY) basis. The expenses were up by 15.2% YoY during the same period.
  • The company's operating profit declined by 18.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 28.6% in 1QFY20 as against 36.1% in 1QFY19.
  • Depreciation charges increased by 7.9% and finance costs increased by 53.9% YoY, respectively.
  • Other income increased by 3273.1% YoY during the quarter.
  • Net profit for the quarter increased by 842.2% YoY. Net profit margins during the quarter increased from -2.0% in 1QFY19 to 10.2% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 1.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 6.1% QoQ during the same period.
  • The company's operating profit increased by 190.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 28.6% in 1QFY20 as against 31.9% in 4QFY19.
  • Net profit for the quarter declined by 90.8% QoQ, while net profit margins declined from 122.7% in 4QFY19 to 10.2% in 1QFY20.

To see how HATHWAY CABLE has performed over the last eight quarters,please visit here.

HATHWAY CABLE Share Price Performance

Over the last one year,HATHWAY CABLE share price has moved up from Rs 17.4 to Rs 24.0, registering a Gain of Rs 6.6 or around 37.9%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,611.0 (up 2.0%). Over the last one year it has moved up from 7,296.9 to 7,611.0, a gain of 314 points (up 4.3%).

Overall, the S&P BSE SENSEX is up 6.3% over the year.

Current Valuations

At the current price of Rs 24.0, the price to earnings (P/E) ratio of HATHWAY CABLE stands at 7.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.3 times.

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Related Views on News

HATHWAY CABLE Announces Quarterly Results (2QFY20); Net Profit Up 155.4% (Quarterly Result Update)

Oct 18, 2019 | Updated on Oct 18, 2019

For the quarter ended September 2019, HATHWAY CABLE has posted a net profit of Rs 33 m (up 155.4% YoY). Sales on the other hand came in at Rs 1 bn (up 6.7% YoY). Read on for a complete analysis of HATHWAY CABLE's quarterly results.

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