Hathway Q1 Results: Net profit declines 18% YoY to Rs 18.3 crore, revenue at Rs 502.6 crore

Hathway Cable & Datacom Ltd — provider of cable and internet services — on Wednesday reported a decline of 18.1 per cent in consolidated net profit to Rs 18.32 crore for the June quarter. The company had posted a net profit of Rs 22.36 crore in the April-June period a year ago, according to a regulatory filing from Hathway Cable, a firm owned by the Reliance Industries Group.

Its total revenue was flat at Rs 502.61 crore in the June quarter. It was at Rs 499.23 crore in the corresponding period a year ago.