Hathway Q1 net profit declines 18% to Rs 18.3 crores

Delhi: Hathway Cable and Datacom -- provider of cable and internet services -- on Wednesday reported a decline of 18.1% in consolidated net profit to Rs 18.32 crore for the June quarter.

The company had posted a net profit of Rs 22.36 crore in the April-June period a year ago, according to a regulatory filing from Hathway Cable, a firm owned by the Reliance Industries Group.

Its total revenue was flat at Rs 502.61 crore in the June quarter. It was at Rs 499.23 crore in the corresponding period a year ago.

During the quarter, its revenue from the Cable TV business was at Rs 336.14 crore and Rs 151.19 crore from broadband services in the June quarter of FY25.

Hathway Cable's total income, which includes other income, was down 1.69% in the June quarter to Rs 524.36 crore.

Total expenses of Hathway Cable was down 2% to Rs 503.14 crore.