Quarterly Result: Hathway Cable & Datacom Ltd
Bhagyashree Vivarekar / 25 Nov 2016
Hathway Cable & Datacom Ltd., is currently trading at Rs. 34.6, up by 0.3 points or 0.87% from its earlier closing of Rs. 34.3 on the BSE. The company's net loss for the quarter is Rs 40.4 cr, Rs 8.5 cr greater than the Q2FY16 net loss of Rs 32 cr, triggered by 53% and 46% yoy decrease in other income and foreign exchange gains respectively.
Technical View:
Hathway Cable & Datacom Ltd., is currently trading at Rs. 34.6, up by 0.3 points or 0.87% from its earlier closing of Rs. 34.3 on the BSE.
The scrip has touched a high and low of Rs. 35.2 and Rs. 34.35 respectively, after opening at 35.1. Altogether 351494(NSE+BSE) shares have been traded on the counter; and the stock is currently trading below its 200 DMA.
Standalone Results Q2FY17:
Hathway Cable and Datacom Ltd’s Q2FY17 numbers have beaten street estimates. Revenue has come in 1.2% greater than the street estimate of Rs 317 cr. EBITDA margin is greater by 261 bps from the estimate of 14%. Net loss is Rs 10 cr lesser than the estimated figure of Rs 51 cr.
The quarter's revenue has depleted 18.8% yoy to Rs 321 cr.
Hathway's EBITDA has surged by 16.7% yoy to Rs 53 cr while EBITDA margins have shrunken by 29 bps yoy to 16.6%.
The company's net loss for the quarter is Rs 40.4 cr, Rs 8.5 cr greater than the Q2FY16 net loss of Rs 32 cr, triggered by 53% and 46% yoy decrease in other income and foreign exchange gains respectively.
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