Hathway Cable and Datacom reports Q2 net profit of Rs 52.33 crore

Hathway Cable and Datacom on Thursday reported a consolidated net profit of Rs 52.33 crore for the quarter ended September 30, 2020, helped by lower expenses.

The company had reported a consolidated net loss of Rs 2.42 crore in the July-September quarter a year ago, Hathway Cable and Datacom said in a regulatory filing.

Its total income stood at Rs 460.66 crore in the quarter under review, down 9.81 percent, as against Rs 510.77 crore in the same quarter previous fiscal.

Hathway Cable’s total expenses in the second quarter of the current fiscal were at Rs 407.90 crore as against Rs 509.59 crore in the same period a year ago, down 19.95 percent.