Hathway Cable Q2 results: Net profit falls 44%, EBITDA margin shrinks

Hathway Cable and Datacom reported a 44.3% year-on-year decline in consolidated net profit to ₹10.16 crore for the second quarter of the financial year 2026-27, compared with ₹18.25 crore in the corresponding period last year.

The company’s revenue from operations rose 5.7% year on year to ₹567.51 crore from ₹536.67 crore in the year-ago quarter.

However, total expenses increased 9.5% to ₹582.89 crore from ₹532.42 crore a year earlier, outpacing revenue growth and weighing on profitability.

Pay channel costs, the company’s largest expense, rose to ₹335.91 crore from ₹280.03 crore in the corresponding quarter last year.

Profit before tax fell 42.2% year on year to ₹15.14 crore from ₹26.21 crore.

On a sequential basis, net profit declined 58.6% from ₹24.56 crore in the June quarter, while revenue from operations edged up from ₹565.10 crore.

For the first half of FY27, Hathway Cable’s consolidated net profit fell 29.5% year on year to ₹34.72 crore from ₹49.28 crore. Revenue from operations rose 6.1% to ₹1,132.61 crore from ₹1,067.17 crore.

Hathway Cable and Datacom appoints new CFO

In a separate development, Hathway Cable and Datacom appointed Jitesh Shah as its chief financial officer (CFO) and key managerial personnel, effective September 1, 2026. He succeeded Sitendu Nagchaudhuri, who superannuated on August 31.

The appointment was approved by the board of directors at its meeting on August 31, following recommendations from the Nomination and Remuneration Committee and the Audit Committee.

Shah has more than 15 years of experience in business finance, corporate strategy, financial planning, treasury and leading large cross-functional teams. He has held finance roles at Jio Platforms, Edelweiss, Larsen & Toubro (L&T) and Tata Consultancy Services (TCS).

He holds an MBA in Finance from the Sydenham Institute of Management Studies, Research and Entrepreneurship Education (SIMSREE), Mumbai, and a Bachelor of Engineering degree from Sardar Patel College of Engineering, Mumbai. He has also completed Level III of the CFA programme conducted by the CFA Institute, USA.

Hathway Cable and Datacom shares closed 3.14% lower at ₹10.80 on the NSE on Wednesday, October 14.

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