Hathway Cable and Datacom’s September-quarter profit falls 44% to ₹10 crore as pay channel costs rise

Hathway Cable and Datacom Limited has told the exchanges that it released its unaudited consolidated results for the quarter and half year ended 30 Sep 2026 on 14 Oct 2026. Net profit for the September quarter was ₹10.16 crore, down 44% from ₹18.25 crore a year earlier, while revenue from operations rose 6% to ₹567.51 crore from ₹536.67 crore.

Revenue was almost unchanged from the ₹565.10 crore of the June 2026 quarter, and net profit was well below the ₹24.56 crore of that quarter. Total income was ₹598.59 crore, against ₹555.45 crore. Profit before tax was ₹15.14 crore, against ₹26.21 crore. The group’s share of joint ventures and an associate was a loss of ₹0.56 crore, against a profit of ₹3.18 crore a year earlier. Basic earnings per share were ₹0.06, against ₹0.10.

Pay channel cost, the largest expense, rose 20% to ₹335.91 crore from ₹280.03 crore. Other operational expenses fell to ₹80.56 crore from ₹88.58 crore, and depreciation, amortisation and impairment was ₹73.86 crore, against ₹76.39 crore.

For the half year, revenue from operations was ₹1,132.61 crore against ₹1,067.17 crore a year earlier, and net profit was ₹34.72 crore against ₹49.28 crore.

Inference

Pay channel cost grew about three times as fast as revenue, which explains most of the fall in profit. Lower other operating expenses and lower depreciation offset only a small part of that increase.

The statement does not say what caused the higher pay channel cost. The profit was lower both than a year earlier and than the June quarter.