Hathway Cable & Datacom zooms 20% on Q2 numbers
ETMarkets.com|
Updated: Nov 03, 2017, 04.14 PM IST
NEW DELHI: Shares of Hathway Cable & Datacom rallied 20 per cent on Friday after the company posted strong quarterly numbers on Thursday.
Following the development, the stock gained 19.91 per cent to end at Rs 38.25 on BSE. It opened at Rs 38.20 and touched an intraday high and low of Rs 38.25 and Rs 36.50 respectively.
For the quarter ended September, 2017, the company reported total revenue at Rs 131.15 crore and net profit stood at Rs 14.01 crore as compared to net loss of Rs 40 crore in the corresponding quarter in the previous year.
EBITDA for the quarter fell by 1.5 per cent YOY to Rs 52.6 crore with a corresponding margin expansion of 2,352 bps.
EBITDA margin for the quarter stood at 40.1 per cent, aided by absence of pay channel cost during the quarter.
The scrip touched its fresh 52-week high of Rs 49.45 on April 4, 2017 and its 52-week low of Rs 26.75 on November 9, 2016.
Following the development, the stock gained 19.91 per cent to end at Rs 38.25 on BSE. It opened at Rs 38.20 and touched an intraday high and low of Rs 38.25 and Rs 36.50 respectively.
For the quarter ended September, 2017, the company reported total revenue at Rs 131.15 crore and net profit stood at Rs 14.01 crore as compared to net loss of Rs 40 crore in the corresponding quarter in the previous year.
EBITDA for the quarter fell by 1.5 per cent YOY to Rs 52.6 crore with a corresponding margin expansion of 2,352 bps.
EBITDA margin for the quarter stood at 40.1 per cent, aided by absence of pay channel cost during the quarter.
The scrip touched its fresh 52-week high of Rs 49.45 on April 4, 2017 and its 52-week low of Rs 26.75 on November 9, 2016.
