Hathway Cable & Datacom's Q1 financials show positive performance, but concerns remain

Hathway Cable & Datacom, a smallcap company in the DTH/Cable industry, recently announced its financial results for the quarter ending June 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.

According to the financials, Hathway Cable has shown positive performance in the quarter, with a score of 6 compared to 17 in the previous 3 months. The company's Profit Before Tax (PBT) less Other Income has seen a significant growth of 252.82% year on year, indicating a positive trend in the near term.

However, the company's Profit After Tax (PAT) has fallen by -15.3% year on year, showing a negative trend in the near term. Additionally, the Operating Cash Flow for the company has been at its lowest in the last three years, indicating a decline in cash revenues from business operations.

One concerning factor is the Non Operating Income, which is 83.37% of the Profit Before Tax (PBT). This suggests that the company's income from non-business activities is high, which may not be a sustainable business model.

Furthermore, the company's Earnings per Share (EPS) for the quarter have been at its lowest in the last five quarters, indicating a decline in profitability and lower earnings for shareholders.

Overall, while Hathway Cable has shown positive financial performance in the quarter, there are some concerning factors that investors should keep in mind. It is important to carefully analyze the company's financials and future prospects before making any investment decisions.