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Hathway Cable & Datacom rises despite reporting 22% fall in Q3 consolidated net profit

17 Jan 2024 Evaluate

Hathway Cable & Datacom is currently trading at Rs. 24.09, up by 0.24 points or 1.01% from its previous closing of Rs. 23.85 on the BSE.

The scrip opened at Rs. 23.70 and has touched a high and low of Rs. 24.52 and Rs. 23.00 respectively. So far 3532096 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 26.12 on 10-Jan-2024 and a 52 week low of Rs. 12.21 on 29-Mar-2023.

Last one week high and low of the scrip stood at Rs. 25.43 and Rs. 22.95 respectively. The current market cap of the company is Rs. 4262.41 crore.

The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 5.70% and 19.30% respectively.

Hathway Cable & Datacom has reported results for third quarter ended December 31, 2023 (Q3FY24). 

The company has reported 7.18% fall in net profit at Rs 14.21 crore for the quarter ended December 31, 2023 as compared to Rs 15.31 crore for the same quarter in the previous year. Total income of the company decreased by 0.49% at Rs 171.59 crore for Q3FY24 as compared Rs 172.43 crore for corresponding quarter of the previous year.

On consolidated basis, the company reported 22.31% fall in its net profit at Rs 22.35 crore for Q3FY24 as compared to Rs 28.77 crore for the same quarter in the previous year. However, total income of the company increased by 6.10% at Rs 535.33 crore for Q3FY24 as compared Rs 504.53 crore for corresponding quarter of the previous year.

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