Hathway Cable Reports Flat Q3 FY24-25 Results Amid Operational Challenges and Declining Profitability

Hathway Cable & Datacom has released its financial results for the third quarter of FY24-25, showcasing a flat performance. The company's evaluation has undergone a notable adjustment, reflecting challenges in its operations over the past three months.
On a positive note, Hathway Cable achieved an impressive inventory turnover ratio of 3,798.68 times for the half-year, marking the highest performance in the last five half-year periods. This indicates the company's efficiency in managing and selling its inventory.

However, the financial results also highlight several concerning trends. The Profit After Tax (PAT) for the quarter is reported at Rs 13.96 crore, which represents a significant year-on-year decline. Additionally, the Profit Before Tax (PBT) has reached its lowest level in five quarters, suggesting a negative trajectory. The company's heavy reliance on non-operating income, which constitutes a substantial portion of PBT, raises questions about the sustainability of its financial health. Furthermore, the Earnings per Share (EPS) has fallen to Rs 0.08, the lowest in five quarters, and the Debtors Turnover Ratio has decreased, indicating slower debt collection processes.

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