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Hathway posts net loss of Rs 36.8 crore in Q3FY14

Margins affected by nearly 95% increase in pay channel cost

Cable and broadband service provider Hathway Cable and Datacom Ltd posted loss of Rs 36.8 crore for Q3 FY14 as compared to loss of Rs 7.4 crore in the corresponding quarter last fiscal. The EBITDA margin for the quarter came down from 23% in FY13 to 16% in FY14. Despite increase in revenue, margins were affected by nearly 95% increase in pay channel cost (Rs 42.9 crore in Q3 FY13 vs. Rs 83.7 in Q3 FY14).   Revenues for the quarter stood at Rs 234.78 crore ( as against Rs 152.9 in Q3 FY13) while EBITDA was Rs 36.7 crore. The company saw an upsurge in costs incurred due to ...