Are Hathway Cable latest results good or bad?

Hathway Cable & Datacom has reported its financial results for the quarter ending March 2025, showcasing a notable performance in several key areas. The company's Profit Before Tax (PBT) reached Rs 7.74 crore, reflecting a year-on-year growth of 45.22%. Net sales for the quarter hit Rs 513.15 crore, representing the highest figure in the last five quarters, although the year-on-year growth rate was 4.01%, a decline from the previous year’s 7.35%.
Operating profit (PBDIT) also peaked at Rs 90.75 crore, with an operating profit margin of 17.68%, indicating enhanced operational efficiency. However, the consolidated net profit showed a modest year-on-year growth of 0.32%, a significant reduction from the previous year's 336.46%.

While the earnings per share (EPS) rose to Rs 0.20 and the Profit After Tax (PAT) reached Rs 35.06 crore, the company faces challenges with a high reliance on non-operating income, which constituted 81.21% of PBT. This reliance raises concerns about the sustainability of its business model.

Overall, Hathway Cable's financial performance indicates significant improvements in certain metrics, but the high proportion of non-operating income and the adjustment in its evaluation suggest areas that require careful consideration moving forward.