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HATHWAY CABLE Announces Quarterly Results (3QFY19); Net Profit Down 73.0%

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HATHWAY CABLE Announces Quarterly Results (3QFY19); Net Profit Down 73.0%
Thu, 24 Jan

HATHWAY CABLE has announced its results for the quarter ended December 2018. Here is a detailed performance review of the same:

HATHWAY CABLE Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m1,3871,3061,3493.3%-2.7%
Other incomeRs m59768612.2%44.6%
TurnoverRs m1,4461,3821,4343.8%-0.8%
ExpensesRs m786840836-0.5%6.3%
Gross profitRs m60146651310.1%-14.6%
DepreciationRs m24627932917.8%33.7%
InterestRs m175322206-36.2%17.3%
Profit before taxRs m239-5964-73.0%
TaxRs m0000.0%0.0%
Profit after taxRs m239-5964-73.0%
Gross profit margin%43.335.738.0
Effective tax rate%0.00.00.0
Net profit margin%16.5-4.34.5
* 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 fell 2.7% on a year-on-year (YoY) basis. The expenses were up by 6.3% YoY during the same period.
  • The company's operating profit declined by 14.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 38.0% in 3QFY19 as against 43.3% in 3QFY18.
  • Depreciation charges increased by 33.7% and finance costs increased by 17.3% YoY, respectively.
  • Other income increased by 44.6% YoY during the quarter.
  • Net profit for the quarter declined by 73.0% YoY. Net profit margins during the quarter declined from 16.5% in 3QFY18 to 4.5% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 3.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 0.5% QoQ during the same period.
  • The company's operating profit increased by 10.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 38.0% in 3QFY19 as against 35.7% in 2QFY18.
  • Net profit for the quarter increased by 209.2% QoQ, while net profit margins increased from -4.3% in 2QFY18 to 4.5% in 3QFY19.

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 44.8 to Rs 31.9, registering a Loss of Rs 12.9 or around 28.7%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,300.4 (up 0.3%). Over the last one year it has moved up from 6,977.6 to 7,300.4, a gain of 323 points (up 4.6%).

Overall, the S&P BSE SENSEX is down 0.0% over the year.

Current Valuations

At the current price of Rs 31.9, the price to earnings (P/E) ratio of HATHWAY CABLE stands at 230.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.1 times.

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HATHWAY CABLE Announces Quarterly Results (2QFY19); Net Profit Down 142.1% (Quarterly Result Update)

Nov 14, 2018 | Updated on Nov 14, 2018

For the quarter ended September 2018, HATHWAY CABLE has posted a net profit of Rs 59 m (down 142.1% YoY). Sales on the other hand came in at Rs 1 bn (down 0.5% YoY). Read on for a complete analysis of HATHWAY CABLE's quarterly results.

HATHWAY CABLE Announces Quarterly Results (1QFY19); Net Profit Down 109.7% (Quarterly Result Update)

Aug 16, 2018 | Updated on Aug 16, 2018

For the quarter ended June 2018, HATHWAY CABLE has posted a net profit of Rs 26 m (down 109.7% YoY). Sales on the other hand came in at Rs 1 bn (up 0.6% YoY). Read on for a complete analysis of HATHWAY CABLE's quarterly results.

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