 "Hathway Cable & Datacom Q3 results: Profit declines 22% to Rs 22.35 crore")
Cable television distribution company Hathway Cable & Datacom Ltd on Tuesday reported a 22.31 per cent decline in consolidated net profit to Rs 22.35 crore for the third quarter of 2023-24.
The company had posted a net profit of Rs 28.77 crore in the October-December period a year ago, according to a regulatory filing of Hathway Cable & Datacom, a firm controlled by Reliance Industries Group.
However, its total revenue was up 5.46 per cent to Rs 504.58 crore in the October-December quarter. It was at Rs 478.45 crore in the corresponding period a year ago.
In the December quarter, total expenses of Hathway Cable & Datacom were at Rs 512.36 crore, up 5.7 per cent.
Shares of Hathway Cable & Datacom Ltd on Tuesday settled at Rs 23.85, down 2.77 per cent from the previous close.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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