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Hathway Appoints Gurjeev Singh Kapoor as CEO Designate; to Take Charge on Sept 1, 2026
Hathway Cable and Datacom has announced a leadership transition, appointing Mr. Gurjeev Singh Kapoor as COO cum CEO Designate effective April 20, 2026. He is slated to officially take over as the CEO on September 1, 2026, following the completion of the current CEO Mr. Tavinderjit Singh Panesar's term on August 31, 2026. Mr. Kapoor is a media industry veteran with over 30 years of experience, having held senior roles at Disney Star, Sony Pictures, and Discovery. This planned succession suggests a focus on strengthening distribution and revenue growth through experienced leadership.
Key Highlights
Mr. Gurjeev Singh Kapoor appointed as COO cum CEO Designate starting April 20, 2026
Transition to full CEO role scheduled for September 1, 2026, ensuring a 4-month overlap
Appointee brings over 30 years of leadership experience from Disney Star, Sony, and ESPN
Current CEO Mr. Tavinderjit Singh Panesar to complete his term on August 31, 2026
Mr. Kapoor holds an MBA from FMS Delhi and a digital leadership diploma from Cornell University
💼 Action for Investors
Investors should monitor the transition for any shifts in the company's digital distribution and international growth strategies. The appointment of a high-caliber industry veteran is generally a positive signal for long-term operational excellence.
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Hathway Q3 Net Profit Rises 59% YoY to ₹21.71 Crore; Revenue Flat Sequentially
Hathway Cable & Datacom reported a consolidated net profit of ₹21.71 crore for Q3 FY26, a significant 59% increase from ₹13.64 crore in the same quarter last year. Revenue from operations stood at ₹536.56 crore, showing a 5% year-on-year growth but remaining stagnant compared to the previous quarter. The company continues to struggle with its Cable TV segment, which posted an operational loss of ₹11.39 crore, while the Broadband segment remained profitable at ₹4.17 crore. A sharp rise in pay channel costs, which jumped to ₹287.44 crore from ₹249.29 crore YoY, remains a key pressure point on margins.
Key Highlights
Net profit grew 59.2% YoY to ₹21.71 crore in Q3 FY26 versus ₹13.64 crore in Q3 FY25.
Revenue from operations increased 5% YoY to ₹536.56 crore, though it was flat on a QoQ basis.
Pay channel costs surged to ₹287.44 crore, up from ₹249.29 crore in the corresponding quarter last year.
The Cable TV segment reported a loss of ₹11.39 crore, while Broadband segment profit stood at ₹4.17 crore.
Earnings Per Share (EPS) improved to ₹0.12 from ₹0.08 in the year-ago period.
💼 Action for Investors
Investors should monitor the persistent losses in the Cable TV segment and the rising content costs which are offsetting revenue gains. While the bottom-line growth is positive, the stagnation in broadband revenue indicates high competition in the ISP space.