HATHWAY CABLE Announces Quarterly Results (1QFY22); Net Profit Down 31.1%

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HATHWAY CABLE Announces Quarterly Results (1QFY22); Net Profit Down 31.1%
Thu, 22 Jul

HATHWAY CABLE has announced its results for the quarter ended June 2021. Here is a detailed performance review of the same:

HATHWAY CABLE Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-20*
3
Mar-21*
3
Jun-21*
QoQ ChangeYoY Change
Net SalesRs m4,1964,3874,4130.6%5.2%
Other incomeRs m68793243161.4%-64.7%
TurnoverRs m4,8824,4804,6563.9%-4.6%
ExpensesRs m3,0143,2523,3152.0%10.0%
Gross profitRs m1,1821,0831,0981.4%-7.1%
DepreciationRs m936929921-0.9%-1.6%
InterestRs m330110.0%-99.7%
Profit before taxRs m60324641970.5%-30.6%
TaxRs m143-275102-28.9%
Profit after taxRs m460521317-39.1%-31.1%
Gross profit margin%28.224.724.9
Effective tax rate%23.7-112.124.3
Net profit margin%9.411.66.8
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 5.2% on a year-on-year (YoY) basis. The expenses were up by 10.0% YoY during the same period.
  • The company's operating profit declined by 7.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 24.9% in 1QFY22 as against 28.2% in 1QFY21.
  • Depreciation charges declined by 1.6% and finance costs declined by 99.7% YoY, respectively.
  • Other income declined by 64.7% YoY during the quarter.
  • Net profit for the quarter declined by 31.1% YoY. Net profit margins during the quarter declined from 9.4% in 1QFY21 to 6.8% in 1QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 0.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 2.0% QoQ during the same period.
  • The company's operating profit increased by 1.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 24.9% in 1QFY22 as against 24.7% in 4QFY21.
  • Net profit for the quarter declined by 39.1% QoQ, while net profit margins declined from 11.6% in 4QFY21 to 6.8% in 1QFY22.

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

Check It Out: Are Small Caps the Best Way to Play the Massive EV Opportunity?

HATHWAY CABLE Share Price Performance

Over the last one year, HATHWAY CABLE share price has moved down from Rs 54.2 to Rs 25.8, registering a Loss of Rs 28.4 or around 52.4%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 13,305.4 (up 2.0%). Over the last one year it has moved up from 8,506.8 to 13,305.4, a gain of 4,799 points (up 56.4%).

Overall, the S&P BSE SENSEX is up 41.2% over the year.

Current Valuations

At the current price of Rs 25.8, the price to earnings (P/E) ratio of HATHWAY CABLE stands at 27.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.0 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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