Hathway Cable Reports 67.7% Drop in Q4FY26 Net Profit
Hathway Cable Q4FY26 result: Net profit declines 67.7% to ₹11.25 crore
Business Standard
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Hathway Cable & Datacom Ltd, a subsidiary of Reliance Industries Group, experienced a 67.7% decline in net profit to ₹11.25 crore for Q4FY26, down from ₹34.8 crore the previous year. Despite this, revenue from operations rose 6.37% to ₹545.85 crore. The company also announced the appointment of Gurjeev Singh Kapoor as CEO designate.
- 01Hathway's net profit fell 67.7% to ₹11.25 crore in Q4FY26.
- 02Revenue from operations increased by 6.37% to ₹545.85 crore.
- 03Total expenses rose 6.6% to ₹543.79 crore.
- 04For FY26, net profit decreased 11.13% to ₹82.24 crore.
- 05Gurjeev Singh Kapoor will become CEO on September 1, 2026.
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Hathway Cable & Datacom Ltd, a major provider of cable and internet services in India, reported a significant 67.7% decline in its consolidated net profit for the fourth quarter of FY26, amounting to ₹11.25 crore compared to ₹34.8 crore in the same period last year. The company's revenue from operations saw a modest increase of 6.37%, reaching ₹545.85 crore, up from ₹513.15 crore a year ago. The revenue from its Cable TV segment was ₹391.61 crore, while broadband services contributed ₹143.15 crore in Q4. Total expenses for the quarter rose by 6.6% to ₹543.79 crore, impacting overall profitability. For the entire fiscal year, Hathway's profit declined 11.13% to ₹82.24 crore, even as total income increased by 4.52% to ₹2,243.53 crore. Additionally, the company announced the appointment of Gurjeev Singh Kapoor as COO and CEO designate, effective April 20, 2026, with a transition to CEO on September 1, 2026.
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The decline in net profit may lead to reduced investor confidence and could affect future investment in infrastructure and services, impacting customers.
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