Quarter Ended: March 2026
Hathway Cable & Datacom – Q4 FY26 Results Analysis
NSE
hathway
BSE
533162
Topline improved modestly, but profit fell sharply due to margin pressure, weaker associate contribution, and elevated content/pay channel costs. Cash flows remain healthy, but earnings momentum is soft.
key financial highlights
- Revenue from Operations:
- Total Income (Q4 FY26): ₹545.85 crore
- QoQ Performance
- Previous Quarter: ₹536.56 crore
- Growth: +1.7%
- YoY Performance
- Previous Year: ₹513.15 crore
- Growth: +6.4%
- Profit After Tax (PAT):
- Current PAT: ₹11.25 crore
- QoQ
- Previous Quarter: ₹21.71 crore
- Change: -48.2%
- YoY
- Previous Year: ₹34.80 crore
- Change: -67.7%
- QoQ Trend Insight:
- Revenue Trend: Mild Growth
- Profit Trend: Sharp Decline
Margin Analysis
- Pay channel costs rose to ₹300.76 crore
- Operating expenses remain elevated
- Lower share of profit from associates
- Revenue growth insufficient to offset cost structure
Key Signal: Margin compression is significant
Segment performance
Segment Insight:
Business appears mature, with limited growth but rising cost pressure
Characteristics:
- Subscription/content cost heavy model
- Limited operating leverage visible
- Broadband/cable economics under pressure
- Associate income support weakening
Earning quality check
Positive:
- Positive operating cash flow
- Stable revenue base
- Controlled finance costs
Negative:
- Profit deterioration severe
- Weak earnings conversion
- Associate contribution falling
Interpretation: Earnings quality weakened materially, as cash generation remains better than accounting profitability
balance sheet analysis
- Total Assets: ₹5,182.36 crore
- Total Liabilities: ₹715.62 crore
Equity Growth
- FY26: ₹4,466.74 crore
- FY25: ₹4,384.08 crore
Cash Position
- FY26: ₹39.29 crore
- FY25: ₹57.27 crore
Indicates: Balance sheet remains strong due to large equity cushion, but liquidity declined
Cash flow analysis
Operating Cash Flow
- ₹198.57 crore
Investing Cash Flow
- Negative ₹209.70 crore
Financing Cash Flow
- Negative ₹6.86 crore
Closing Cash
- ₹39.29 crore
Indicates: Operating cash remains supportive, but investment outflows exceeded operating inflows
key risks
- Profit erosion risk
- Rising content/pay channel costs
- Structural pressure in cable business
- Weak operating leverage
- Declining cash reserves
management strategy
- Cost rationalization
- Broadband monetization
- Improve content economics
- Stabilize profitability
Financial Metrics
| Particular | In ₹ Crore | Q.O.Q (%) | Y.O.Y(%) |
|---|---|---|---|
| Total Income | 566.20 | +1.5 | +3.6 |
| PBT | 17.08 | -39.4 | -58.1 |
| PAT | 11.25 | -48.2 | -67.7 |
| EPS | 0.06 | -50.0 | -70.0 |
Hathway delivered modest revenue growth, but profitability deteriorated sharply
Official Exchange Filing: Hathway Cable & Datacom Limited
Quarterly Performance Context
FISCAL YEAR
2025-2026
AUDIT STATUS
REVIEWED