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Hathway Cable & Datacom gains despite reporting net loss of Rs 2.42 crore in Q2

Hathway Cable & Datacom is currently trading at Rs. 23.15, up by 0.55 points or 2.43% from its previous closing of Rs. 22.60 on the BSE.

The scrip opened at Rs. 23.65 and has touched a high and low of Rs. 23.70 and Rs. 22.75 respectively. So far 104389 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 38.60 on 22-Aug-2019 and a 52 week low of Rs. 17.55 on 06-Aug-2019.

Last one week high and low of the scrip stood at Rs. 23.70 and Rs. 19.40 respectively. The current market cap of the company is Rs. 4071.24 crore.

The promoters holding in the company stood at 94.09%, while Institutions and Non-Institutions held 2.23% and 3.67% respectively.

The company has reported a net profit of Rs 3.27 crore for second quarter ended September 30, 2019 as compared to net loss of Rs 5.90 crore for the same quarter in the previous year. Total income of the company increased by 54.02% at Rs 212.82 crore for Q2FY20 as compared Rs 138.18 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a net loss of Rs 2.42 crore for the quarter under review as compared to net loss of Rs 84.70 crore for the same quarter in the previous year. However, total income of the company increased by 28.87% at Rs 510.77 crore for Q2FY20 as compared Rs 396.33 crore for the corresponding quarter previous year.