As a leading player in cable television and broadband services, it has made a significant acquisition that further strengthens its position in the cable TV domain. The article will shed light on the company’s growth strategies and its commitment to consolidating its position in the cable TV business amidst evolving market dynamics.
Share Price Movement
The share price of Hathway Cable & Datacom Limited went up by 5.35 percent to Rs. 17.93 per share on Thursday, an increase from its previous close of Rs. 17.02 per share. The market capitalisation now stands at approximately Rs. 3,122 crore as of November 28, 2024.
What Happened
The Company has acquired a 61.15% equity stake in Hathway Cable MCN Nanded Private Limited, a subsidiary of the Company, for an aggregate cash consideration of Rs. 11 (Rupees Eleven only). This acquisition is for consolidation of business operations, and Hathway Nanded has become a wholly owned subsidiary of the company.
Hathway Nanded is engaged in cable TV business and has presence in Nanded, Maharashtra. The company’s turnover for FY 2023-24, FY 2022-23, and FY 2021-22 were Rs. 558.44 lakhs, Rs. 707.76 lakhs, and Rs. 878.71 lakhs.
Q2 Financial Highlights
According to its recent filing, in the quarter ending September 2024, Hathway Cable & Datacom’s consolidated revenue from operations has increased by 6 percent YOY from Rs. 484 crore in Q2 FY24 to Rs. 513 crore in Q2 FY25 and increased by 1.98 percent QoQ from Rs. 503 crore in Q4 FY24.
The company’s consolidated net profit has increased by 30 percent, from Rs. 20 crore in Q2 FY24 to Rs. 26 crore in Q2 FY25. As compared to the last quarter of 2025, the company’s net profit has increased by 44 percent QoQ from Rs. 18 crore.
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Market Outlook
The broadband segment shows potential for growth in high-speed fixed broadband and increased demand for online applications, but faces threats from the migration of low-end users to mobility platforms due to competitive pricing.
The cable segment is seeing continued movement towards OTT platforms, revenue sharing challenges with LCOs, and lower paying capacity of consumers in certain markets, while also experiencing opportunities for penetration in untapped markets and increased customer engagement through regional content. Overall, the industry must navigate these dynamics to capitalise on emerging trends and mitigate competitive pressures.
Shareholding Pattern
As of the November 2024 shareholding pattern, Hathway Cable & Datacom Limited is primarily held by the promoters at 75 percent, domestic institutional investors hold 0.06 percent, and the public with 21.87 percent.
About Company
Hathway Cable and Datacom Limited, a leading telecommunications company in India, specialises in delivering cable television and broadband services. Established in 1959 as Chics Display Services, the company underwent significant rebranding in 1999. Since 2018, it has operated as a subsidiary of Reliance Industries Limited, solidifying its presence in Mumbai, Maharashtra. With a commitment to innovation, Hathway has become a household name, serving millions nationwide.
Hathway offers diverse services, including digital cable television with high-definition options and high-speed broadband powered by advanced DOCSIS and FTTH technologies. It reaches over 350 cities, catering to residential and corporate clients.
The company holds a 52% share in India’s cable broadband market, providing cutting-edge equipment like DVRs and HD set-top boxes. Hathway pioneered internet delivery through cable networks and consistently upgrades its offerings with speeds reaching 300 Mbps.
Recognised as a technology leader, Hathway continues to set benchmarks in the telecommunications sector. Its award-winning services reflect a commitment to excellence, enhancing digital experiences for millions of users across India.
Written By Fazal Ul Vahab C H
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