Hathway Profit Plunges 67.7% Despite Revenue Gains, Company Names New Leadership
Hathway Cable & Datacom Ltd., a major provider of cable and internet services, reported a significant decline in its consolidated net profit for the fourth quarter of fiscal year 2026. The company disclosed that its net profit dropped 67.7 per cent, settling at ₹11.25 crore for the quarter ended March 2026.This steep decline contrasts sharply with the profit posted in the same period last year. According to regulatory filings, the company had recorded a net profit of ₹34.8 crore during the January-March quarter of 2025.
Q4 Financial Performance Under Scrutiny
While the profit figures signal a substantial slowdown, the underlying revenue stream showed moderate growth. Hathway reported an increase of 6.37 per cent in its revenue from operations, reaching ₹545.85 crore in the March quarter. This compares to ₹513.15 crore recorded in the year-ago period.Examining the revenue components, the core Cable TV business generated ₹391.61 crore. Broadband services contributed ₹143.15 crore in Q4 of FY26.
Despite the top-line growth, total expenses for Hathway Cable climbed 6.6 per cent to ₹543.79 crore, significantly outpacing the increase in revenue.
Full Year Outlook and Total Income Growth
Looking at the full financial year ended March 31, 2026, the firm's profitability faced headwinds. The overall profit for Hathway Cable & Datacom declined 11.13 per cent, concluding the year at ₹82.24 crore.However, total income, which includes other income, provided a stabilizing metric. For the full fiscal year, total income increased by 4.52 per cent, reaching ₹2,243.53 crore. Furthermore, the company's total income in the December quarter grew 3.6 per cent to ₹566.2 crore.
Corporate Leadership Announces Key Transition
In a separate corporate filing, Hathway provided an update regarding its senior management structure. The company announced the approval of Gurjeev Singh Kapoor for the role of COO cum CEO designate, effective April 20, 2026.Kapoor's tenure is set to build toward a full transition to the CEO role. He is scheduled to take over as CEO on September 1, 2026, following the conclusion of Tavinderjit Singh Panesar's term as CEO on August 31, 2026.
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