Hathway Cable & Datacom Limited (HATHWAY)
₹9.95 -1.19% last close, 16 Oct
Q2 FY27 results
Hathway Cable & Datacom Limited reported Q2 FY27 results on 14 Oct 2026: revenue ₹568 Cr (+5.7% year on year, +0.4% on the previous quarter), and net profit ₹10.2 Cr (-44.3% year on year); the operating margin was 10.4%.
| Q2 FY27 (₹ Cr) | Value | YoY vs Q2 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹568 | +5.7% | +0.4% |
| Operating profit | ₹58.7 | -27.4% | -22.1% |
| Net profit | ₹10.2 | -44.3% | -58.6% |
| EPS (₹) | 0.06 | -40.0% | -57.1% |
| Operating margin | 10.4% | — | — |
- Profit -26% below its own trend
- Operating margin contracted 472 bps YoY
- All of pre-tax profit came from other income or one-off items
Quality of profit: none of the pre-tax profit of ₹15.1 Cr came from the core business; all of it came from other income and one-off items.
Against its own trend: net profit of ₹10.2 Cr was -25.7% against the ₹13.7 Cr its recent growth pointed to (below trend). This is a statistical baseline, not an analyst estimate.
Share price since the results: -8.2% (close before the filing to the latest close).
HATHWAY delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 42.14% of the HATHWAY shares traded on NSE were taken to delivery, against the stock's own 20-session average of 44.99%. That is close to its usual level.
Delivery in the last 5 sessions: 47.7% · 14.4% · 19.6% · 24.9% · 42.1%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Hathway Cable & Datacom reported its unaudited standalone and consolidated results for Q2 and H1 FY27 (period ended September 30, 2026). Standalone profit before tax for H1 stood at ₹52.48 crore compared to ₹53.85 crore in H1 FY26, with net operating cash flows reaching ₹93.80 crore. A persistent critical risk factor remains the unprovided DoT license fee demand amounting to ₹3,160.63 crore, which represents ~161% of Hathway's entire market capitalization (₹1,957 crore) and 66% of net worth.
- Standalone H1 profit before tax stood at ₹52.48 crore versus ₹53.85 crore in the year-ago period
- Net cash generated from operating activities in H1 was ₹93.80 crore compared to ₹103.95 crore in H1 FY26
- Payments for acquisition of property, plant, and equipment were ₹44.82 crore for H1
- Company continues to contest an unprovided DoT license fee demand of ₹3,160.63 crore
Hathway Cable & Datacom Limited has appointed Mr. Jitesh Shah as Chief Financial Officer (Key Managerial Personnel) effective September 1, 2026. He replaces Mr. Sitendu Nagchaudhuri, who superannuated from the company at the close of business on August 31, 2026. Mr. Shah brings over 15 years of experience across corporate strategy and business finance, having previously worked with Jio Platforms, Edelweiss, L&T, and TCS. The transition comes as Hathway maintains a ₹2,185 Cr TTM revenue base and a net cash balance sheet.
- Mr. Jitesh Shah appointed as Chief Financial Officer (KMP) effective September 1, 2026.
- Outgoing CFO Mr. Sitendu Nagchaudhuri superannuated on August 31, 2026.
- Incoming CFO brings over 15 years of finance experience across Jio Platforms, Edelweiss, L&T, and TCS.
- Board meeting approving the appointment concluded at 6:00 p.m. IST on August 31, 2026.
Hathway Cable & Datacom Limited conducted its 66th Annual General Meeting on August 19, 2026, via Video Conferencing. Shareholders approved all resolutions with the requisite majority, including the adoption of standalone and consolidated financial statements for the fiscal year ended March 31, 2026. Other approvals included the reappointment of retiring director Ms. Geeta Fulwadaya and the ratification of cost auditor remuneration for FY27. The disclosure is standard annual compliance and does not impact financial or operational metrics.
- 66th Annual General Meeting held virtually on August 19, 2026.
- Remote e-voting was active from August 16, 2026 (9:00 AM) to August 18, 2026 (5:00 PM).
- Shareholders approved adoption of FY26 standalone and consolidated audited financials.
- All ordinary and special business resolutions passed with requisite majority.
Shareholders of Hathway Cable & Datacom Limited approved the appointment of Deloitte Haskins & Sells Chartered Accountants LLP as statutory auditors at the Annual General Meeting held on August 19, 2026. The appointment is for a 5-year term spanning from the conclusion of the 66th AGM until the 71st AGM. To ensure a smooth transition, Deloitte will serve as joint auditor alongside existing auditor Nayan Parikh & Co. until the 67th AGM, after which Deloitte will continue as the sole auditor.
- Deloitte Haskins & Sells Chartered Accountants LLP appointed for a 5-year consecutive term (66th AGM to 71st AGM)
- Deloitte to serve as Joint Auditor with current auditor Nayan Parikh & Co. until the conclusion of the 67th AGM
- Transition approved by shareholders at the AGM concluded on August 19, 2026 at 03:35 p.m. IST
Hathway Cable & Datacom Limited conducted its 66th Annual General Meeting on August 19, 2026, via video conferencing. Shareholders considered and approved all ordinary and special resolutions with the requisite majority. Key agenda items included the adoption of standalone and consolidated financial statements for FY26, the reappointment of retiring director Ms. Geeta Fulwadaya, appointment and remuneration of statutory auditors, and remuneration ratification for cost auditors for FY27.
- 66th Annual General Meeting held on August 19, 2026, from 03:00 p.m. to 03:35 p.m. IST
- Remote e-voting held between August 16, 2026 (9:00 a.m.) and August 18, 2026 (5:00 p.m.)
- Adoption of audited financial statements for the financial year ended March 31, 2026
- Reappointment of Ms. Geeta Fulwadaya (DIN: 03341926) approved as Director retiring by rotation
- Cost auditors' remuneration ratified for the financial year ending March 31, 2027
Hathway Cable & Datacom has scheduled its 66th Annual General Meeting (AGM) for August 19, 2026, to be conducted via video conferencing. Key agenda items include the adoption of FY26 financial statements and the appointment of Deloitte Haskins & Sells as statutory auditors for a five-year term. The company currently operates with a TTM revenue of Rs 2,150 Cr and a PAT of Rs 82 Cr. While the company maintains a strong net worth of Rs 4,771 Cr, its ROCE remains low at 2.0%, reflecting capital efficiency challenges in a competitive broadband and cable market.
- 66th Annual General Meeting scheduled for August 19, 2026, at 3:00 P.M. IST
- Proposed appointment of Deloitte Haskins & Sells as Joint Auditors for a 5-year term until the 71st AGM
- Company reports a TTM revenue of Rs 2,150 Cr against a market capitalization of Rs 1,925 Cr
- Net worth stands at Rs 4,771 Cr, resulting in a low Price-to-Book (P/B) ratio of 0.4
- Promoter holding remains stable at 75.0% as of the latest reporting period
Hathway Cable & Datacom Limited has announced that its 66th Annual General Meeting (AGM) will be held on Wednesday, August 19, 2026, at 3:00 PM IST. The meeting will be conducted virtually through Video Conferencing or Other Audio Visual Means. The company has established August 12, 2026, as the cut-off date to determine shareholder eligibility for e-voting on AGM resolutions. This is a standard procedural filing required under SEBI and MCA regulations.
- 66th Annual General Meeting scheduled for August 19, 2026
- Cut-off date for e-voting eligibility set for August 12, 2026
- Meeting to be held via Video Conferencing starting at 03:00 P.M. IST
- Filing dated July 20, 2026, providing approximately one month notice
Hathway Cable & Datacom reported a 6.5% YoY revenue growth to ₹565.10 Cr for Q1 FY27, but Net Profit declined 21% YoY to ₹24.56 Cr. The profit drop was largely driven by an 18.8% surge in Pay Channel costs, which reached ₹319.46 Cr. While the Cable TV segment revenue grew to ₹405.51 Cr, it remains loss-making at the EBIT level (₹18.59 Cr loss). A massive contingent liability of ₹3,201.93 Cr regarding DoT license fees continues to be a significant overhang on the balance sheet.
- Revenue from operations increased 6.5% YoY to ₹565.10 Cr from ₹530.50 Cr.
- Net Profit declined to ₹24.56 Cr from ₹31.03 Cr in the same quarter last year.
- Pay Channel costs rose significantly to ₹319.46 Cr, representing 56.5% of total revenue.
- Cable Television segment reported a loss of ₹18.59 Cr for the quarter.
- Contingent liability for DoT license fee demands stands at ₹3,201.93 Cr, which is ~160% of the current market cap.
Hathway Cable & Datacom Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The company's Registrar and Share Transfer Agent, MUFG Intime India Private Limited, confirmed that no requests for dematerialization or rematerialization of securities were received during the period from April 1, 2026, to June 30, 2026. This is a standard administrative filing required to ensure that the company's share records are in sync with the depositories.
- Zero (0) requests received for dematerialization during the quarter ended June 30, 2026
- Zero (0) requests received for rematerialization during the same period
- Reporting period spans from April 01, 2026, to June 30, 2026
- Certificate issued by MUFG Intime India Private Limited (formerly Link Intime India Pvt. Ltd.)
Reliance Industrial Investments and Holdings Limited, a promoter group entity of Hathway Cable & Datacom Limited, has filed a mandatory annual declaration under SEBI Takeover Regulations. The filing confirms that no encumbrances or pledges were created on their shareholding during the financial year 2025-26. This maintains the status quo of the company's high promoter holding of 75.0% being entirely unencumbered. For a company with a market cap of Rs 2,050 Cr and a low D/E ratio of 0.00, this routine disclosure confirms the stability of the promoter's equity position.
- Promoter group confirms 0% of shares were encumbered or pledged during FY 2025-26
- Promoter holding remains stable at 75.0% as per the latest shareholding data
- Company maintains a clean balance sheet with a Debt-to-Equity ratio of 0.00
- TTM revenue stands at Rs 2,150 Cr with a net worth of Rs 4,771 Cr
Hathway Cable & Datacom Limited has announced the closure of its trading window starting July 1, 2026, in compliance with SEBI Insider Trading regulations. This closure is a standard procedure ahead of the announcement of financial results for the first quarter ending June 30, 2026. The restriction applies to directors, promoters, and designated persons of the company and its material subsidiaries. The trading window will remain closed until 48 hours after the Q1 results are officially declared and made public.
- Trading window closure period commences on July 1, 2026.
- Closure is in anticipation of financial results for the quarter ending June 30, 2026.
- Restriction applies to Directors, Promoters, and Designated Persons per the Hathway Code.
- Trading window will reopen 48 hours after the financial results are disseminated to the exchanges.
Promoter entities including Hathway Investments Private Limited and Globus Stores Private Limited have filed a formal declaration under SEBI Takeover Regulations. The disclosure confirms that the promoters and promoter group have not created any encumbrance or pledge on their shareholding in Hathway Cable & Datacom Limited as of March 31, 2026. This is a routine annual compliance filing that ensures transparency regarding the status of promoter equity. It indicates that the promoter's stake remains free from any debt-related liens or third-party obligations.
- Declaration submitted under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
- Promoters confirmed zero encumbrance on company shares for the period ended March 31, 2026.
- Entities involved include Akshay Raheja, Viren Raheja, Hathway Investments, and Globus Stores.
- The filing confirms no direct or indirect pledges were created during the reporting period.
The promoter group of Hathway Cable & Datacom Limited, including Akshay Raheja and Viren Raheja, has submitted a formal declaration under Regulation 31(4) of SEBI Takeover Regulations. The filing confirms that no shares held by the promoter group were encumbered or pledged, either directly or indirectly, during the period ending March 31, 2026. This annual disclosure is a routine but essential requirement that provides transparency regarding the stability of promoter holdings. The absence of share pledges is generally viewed as a sign of financial strength and lack of debt-related pressure on the promoters.
- Declaration filed under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
- Promoter group entities confirmed zero encumbrance on Hathway Cable shares as of March 31, 2026.
- Entities involved include Akshay Raheja, Viren Raheja, Hathway Investments Private Limited, and Globus Stores Private Limited.
- The disclosure ensures compliance with NSE circular requirements dated April 2, 2025.
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.
- 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
Hathway Cable & Datacom Limited has released its audited financial results for the quarter and full year ended March 31, 2026. The Board of Directors approved the results in a meeting held on April 17, 2026, which concluded at 5:00 p.m. The independent auditors, Nayan Parikh & Co., issued an unmodified opinion, confirming that the financial statements provide a true and fair view of the company's consolidated and standalone performance. The consolidated results include key entities such as Hathway Digital Ltd and associate GTPL Hathway Ltd.
- Board of Directors approved audited financial results for Q4 and FY ended March 31, 2026.
- Statutory auditors issued an unmodified opinion for both standalone and consolidated financials.
- Consolidated results incorporate performance from subsidiaries like Hathway Digital and associates like GTPL Hathway.
- The board meeting was conducted between 3:00 p.m. and 5:00 p.m. on April 17, 2026.
- Financials were prepared in compliance with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Financial Performance
Revenue Growth by Segment
Broadband Business revenue was INR 294.12 Cr in H1 FY26, down 2.86% YoY. Cable Television Business revenue was INR 740.67 Cr in H1 FY26, up 8.89% YoY. Dealing in Securities revenue was INR 32.38 Cr in H1 FY26, down 0.12% YoY.
Geographic Revenue Split
Not disclosed in available documents, though the company operates in 700+ cities and towns across India.
Profitability Margins
Operating Profit Margin was 17% (0.17) for FY25, compared to 16% (0.16) in FY24. Net Profit Ratio was 5% (0.05) for FY25.
EBITDA Margin
EBITDA margin was 21% as of Q2 FY23, with EBITDA at INR 101.1 Cr. Consolidated Profit Before Tax for H1 FY26 was INR 66.49 Cr, up 2.0% YoY from INR 65.17 Cr.
Capital Expenditure
Not disclosed in absolute INR Cr, but the company connected over 250 new locations with IP links to expand infrastructure for market share gains.
Operational Drivers
Raw Materials
Bandwidth, Set Top Boxes (STBs), and Fiber Optic Cables are the primary operational inputs.
Capacity Expansion
Current infrastructure includes 5.6 million STBs. Expansion includes connecting 250+ new locations with IP links to enhance reach.
Raw Material Costs
Not disclosed as a specific percentage of revenue, but the company is shifting to MPEG-4/HEVC STBs and DOCSIS 3.1/GPON networks to manage technology costs.
Manufacturing Efficiency
Achieved 96% online collection efficiency through the Hathway Connect portal, reducing manual intervention and improving cash flow cycles.
Logistics & Distribution
Distribution is managed through a network of LCOs across 700+ cities and towns.
Strategic Growth
Expected Growth Rate
5.10%
Growth Strategy
Growth will be achieved by offering OTT and broadband bundles to existing cable customers, upgrading to high-efficiency MPEG-4/HEVC STBs, and expanding the GPON network. The company is also leveraging its Hathway Connect portal to onboard LCOs faster and gain a first-mover advantage in new geographies.
Products & Services
Broadband internet services, Cable TV subscriptions, OTT (Over-The-Top) service bundles, and Set Top Boxes.
Brand Portfolio
Hathway, Hathway Connect.
New Products/Services
Integrated OTT services for existing cable customers and high-speed broadband via DOCSIS 3.1/GPON networks.
Market Expansion
Targeting growth in 700+ existing cities and towns by enhancing infrastructure in 250+ new locations.
Market Share & Ranking
Maintains a base of 5.6 million STBs; specific industry ranking not disclosed.
Strategic Alliances
Sold entire equity stake in three subsidiaries (Hathway Nashik, Chennai Cable Vision, and others) to Infomedia and Networking Private Limited (INPL) for INR 40.
External Factors
Industry Trends
The industry is seeing a convergence of broadband and cable services with a rapid shift toward OTT. Hathway is positioning itself by upgrading to HEVC technology to handle higher data demand.
Competitive Landscape
Characterized by low entry barriers and multiple players across geographies, leading to intense price competition.
Competitive Moat
Moat is built on an extensive last-mile infrastructure and a digitized LCO management system (Hathway Connect) that handles 96% of collections, creating high switching costs for operators.
Macro Economic Sensitivity
Global growth is projected at 3.3% for 2025, which may impact consumer discretionary spending on media and internet services.
Consumer Behavior
Shift toward on-demand OTT content and high-speed fiber broadband is driving the need for GPON network upgrades.
Regulatory & Governance
Industry Regulations
Compliant with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically Regulation 33 for financial reporting and Regulation 34 for corporate governance.
Taxation Policy Impact
Income tax refunds of INR 5.81 Cr were received in H1 FY25; current tax rate not specified.
Legal Contingencies
The company stated that no provision is necessary for a specific pending matter mentioned in the financial notes, though the INR value was not disclosed.
Risk Analysis
Key Uncertainties
Awareness risk: Delays in onboarding LCOs to new initiatives could negate first-mover advantages. Technology risk: Rapid evolution may lead to the obsolescence of existing STB assets.
Geographic Concentration Risk
Operates across 700+ cities, reducing concentration risk in any single municipality.
Third Party Dependencies
High dependency on Local Cable Operators (LCOs) for customer relationship management and last-mile service delivery.
Technology Obsolescence Risk
Mitigated by shifting to MPEG-4/HEVC STBs and providing broadband through DOCSIS 3.1/GPON networks.
Credit & Counterparty Risk
Trade receivables increased by INR 188.44 Cr in H1 FY26, indicating potential collection risks or extended credit terms to LCOs.
