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

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HATHWAY CABLE Announces Quarterly Results (2QFY20); Net Profit Up 155.4%
Fri, 18 Oct

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

HATHWAY CABLE Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m1,3061,3381,3944.1%6.7%
Other incomeRs m7657773527.4%862.8%
TurnoverRs m1,3821,9152,12811.1%54.0%
ExpensesRs m8409561,09915.0%30.9%
Gross profitRs m466383241-36.9%-48.2%
DepreciationRs m27929154787.7%95.9%
InterestRs m322373297-20.5%-7.9%
Profit before taxRs m-59295133-55.0%
TaxRs m01001000.1%0.0%
Profit after taxRs m-5919533-83.2%
Gross profit margin%35.728.617.3
Effective tax rate%0.033.975.4
Net profit margin%-4.310.21.5
* 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 6.7% on a year-on-year (YoY) basis. The expenses were up by 30.9% YoY during the same period.
  • The company's operating profit declined by 48.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 17.3% in 2QFY20 as against 35.7% in 2QFY19.
  • Depreciation charges increased by 95.9% and finance costs declined by 7.9% YoY, respectively.
  • Other income increased by 862.8% YoY during the quarter.
  • Net profit for the quarter increased by 155.4% YoY. Net profit margins during the quarter increased from -4.3% in 2QFY19 to 1.5% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 4.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 15.0% QoQ during the same period.
  • The company's operating profit declined by 36.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 17.3% in 2QFY20 as against 28.6% in 1QFY19.
  • Net profit for the quarter declined by 83.2% QoQ, while net profit margins declined from 10.2% in 1QFY19 to 1.5% in 2QFY20.

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

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HATHWAY CABLE Share Price Performance

Over the last one year,HATHWAY CABLE share price has moved down from Rs 29.5 to Rs 22.3, registering a Loss of Rs 7.3 or around 24.6%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,540.7 (down 0.1%). Over the last one year it has moved up from 7,278.2 to 7,540.7, a gain of 263 points (up 3.6%).

Overall, the S&P BSE SENSEX is up 12.7% over the year.

Current Valuations

At the current price of Rs 22.3, the price to earnings (P/E) ratio of HATHWAY CABLE stands at 7.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.1 times.

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Related Views on News

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

Jul 15, 2019 | Updated on Jul 15, 2019

For the quarter ended June 2019, HATHWAY CABLE has posted a net profit of Rs 195 m (up 842.2% YoY). Sales on the other hand came in at Rs 1 bn (up 3.1% YoY). Read on for a complete analysis of HATHWAY CABLE's quarterly results.

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