Hathway Cable Shares Fall The Most In 11 Weeks As It Slips Into Q4 Loss
The company slid into losses of Rs 14.62 crore in the fourth-quarter vs a net profit of Rs 28.42 crore a year ago,
Shares of Hathway Cable and Datacom Ltd. declined the most in over 11 weeks after the company reported fourth-quarter losses.
The company slid into losses of Rs 14.62 crore in the fourth quarter, compared to a net profit of Rs 28.42 crore in the same quarter of the previous fiscal, while revenue grew 2.41% to Rs 459.59 crore during the same period.
Hathway Cable and Datacom Q4 FY23 (Consolidated, YoY)
Revenues up 2.41% at Rs 459.6 crore.
Ebitda down 31.86% at Rs 63.1 crore.
Ebitda margins at 13.73% versus 20.64%
Net loss of Rs 14.62 crore versus net profit of Rs 28.42 crore.
Shares of Hathway Cable and Datacom fell 2.64% to Rs 12.9 apiece as of 9:49 p.m., compared to a 0.04% decline in the benchmark NSE Nifty 50. The stock declined as much as 5.28% intraday, the most in over 11 weeks since Jan. 27, 2023.
The total traded volume so far in the day stood at 4.6 times its 30-day average. The relative strength index was at 33.
Source: Bloomberg, Exchange filing