Are Hathway Cable latest results good or bad?

Hathway Cable & Datacom has reported its financial results for the quarter ending June 2025, indicating notable growth in several key metrics. The company achieved a Profit Before Tax (PBT) of Rs 6.55 crore, which represents a year-on-year growth of 50.92%. The Profit After Tax (PAT) also saw a significant increase, reaching Rs 31.03 crore, reflecting a robust year-on-year growth of 63.8%. Furthermore, net sales for the quarter amounted to Rs 530.50 crore, marking the highest performance in the last five quarters with a year-on-year growth of 5.55%.
On the operational side, the Operating Profit (PBDIT) excluding other income was reported at Rs 87.61 crore, showing a year-on-year growth of 8.60%. The Operating Profit Margin, excluding other income, was recorded at 16.51%, indicating a slight increase compared to the previous year.

However, it is important to note that a significant portion of the PBT, specifically 83.74%, was derived from non-operating income, totaling Rs 33.73 crore. This reliance on non-business activities raises questions about the sustainability of the company's financial model.

Overall, while Hathway Cable has demonstrated strong growth in various areas, the dependency on non-operating income may present challenges in the future. Additionally, the company saw an adjustment in its evaluation, reflecting the mixed nature of its financial performance.