Hathway Cable picture blurs
By
Research Desk
about 8 years ago
Hathway Cable & Datacom is the top loser on the BSE since the opening bell. The stock price is down 5% at Rs.32 levels. Its 52-week low is at Rs.24.
The market is very disappointed with the company’s Q2FY17 performance. Though its total income rose 19% (YoY) at Rs.321 crore and EBITDA rose 17% at Rs.53 crore, the company posted a net loss of Rs.40 crore v/s loss of Rs.32 crore in previous Q2.
The company’s biggest expense is on Pay Channel cost – this comprises 30% of total expenses and it was up 23% this Q2. Interest outgo is also pretty large at Rs.24 crore for Q2 and Rs.54 crore for H1FY17.