Hathway Cable & Datacom Reports Significant Decline in Net Profit for March 2026 Quarter
Hathway Cable & Datacom consolidated net profit declines 67.33% in the March 2026 quarter
Business Standard
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Hathway Cable & Datacom's net profit fell by 67.33% to ₹11.33 crore in the March 2026 quarter compared to the previous year. Despite a 6.37% increase in sales to ₹545.85 crore, the company's annual net profit also dropped by 11.03% to ₹82.31 crore.
- 01Net profit for Q1 2026 declined by 67.33% year-on-year.
- 02Sales increased by 6.37% in the March 2026 quarter.
- 03Annual net profit fell by 11.03% compared to the previous year.
- 04Total sales for the fiscal year 2026 rose by 5.39%.
- 05Operating profit margin decreased significantly.
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Hathway Cable & Datacom reported a 67.33% decline in net profit, amounting to ₹11.33 crore for the quarter ending March 2026, compared to ₹34.68 crore in the same quarter of the previous year. Despite this significant drop, the company's sales rose by 6.37% to reach ₹545.85 crore, up from ₹513.15 crore in March 2025. For the full fiscal year ending March 2026, Hathway's net profit decreased by 11.03% to ₹82.31 crore, down from ₹92.51 crore in the previous year. Sales for the entire year also saw an increase of 5.39%, totaling ₹2,149.58 crore, compared to ₹2,039.65 crore in the prior year. The operating profit margin (OPM) showed a notable decline, dropping from 17.68% to 12.95% in the latest quarter, indicating challenges in maintaining profitability amidst rising sales.
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The decline in net profit could lead to reduced investments in infrastructure and services, potentially affecting customers' experience and service quality.
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