reports
- Rohit Dokania
Hathway Cable & Datacom's Q1FY20 results (Dropping coverage) - Cable s...
Q1FY20 result highlights Broadband segment (standalone): Revenue grew 1.0% qoq at ~Rs1.3bn (3% miss), mainly driven by subscriber additions (~30k qoq net additions), while ARPU fell ~1.8% qoq to ~Rs650. Weak performance on revenue was compounded by higher operating expenses (staff +13.9% qoq; operations +23.5% qoq). As a result, EBITDA fell 9.6% qoq to ~Rs383m (21% miss). APAT came in at ~Rs195m (-33.9% qoq) due to higher finance costs (+45.9% qoq) and tax payments (first time since FY10). Ho...
An unfavourable environment weighs on HATHWAY CABLE & DATACOM, which s...
The independent financial analyst theScreener just requalified the general evaluation of HATHWAY CABLE & DATACOM (IN), active in the Broadcasting & Entertainment industry. As regards its fundamental valuation, the title still shows 0 out of 4 stars and its market behaviour is seen as moderately risky. theScreener believes that the unfavourable environment weighs on the sector and penalises the company, which sees a downgrade to its general evaluation to Slightly Negative. As of the analysis date...
- Rohit Dokania
Hathway Cable & Datacom's Q4FY19 results (Neutral) - All eyes on new p...
Q4FY19 result highlights Broadband segment (standalone): Revenue fell 1.9% qoq at ~Rs1.3bn (3% miss). Net subscriber base improved to ~810k (vs ~780k qoq; net additions ~30k qoq) while ARPU was flat qoq at ~Rs662. We believe the revenue decline was due to lower oth. op. income (vs sequential quarter), while operating expenses rose ~7.7% qoq. As a result, EBITDA fell 17.5% qoq to ~Rs423m (20% miss). However, higher than expected other income (4x qoq; 8x vs expectation) led to adjusted PAT comi...
- Rohit Dokania
Hathway Cable & Datacom's Q3FY19 results (Neutral) - All eyes on new p...
Q3FY19 result highlights HATH’s standalone business includes its Broadband Business only. The cable business had been demerged into a 100% subsidiary. Broadband segment (standalone): Revenue was up 3.3% qoq at ~Rs1.35bn (in-line). Net subscriber base improved to ~780k (vs ~770k qoq; net additions ~15k qoq) while ARPU came off by ~1.5% qoq to ~Rs662. Reported EBITDA at Rs544m grew by 17% qoq and was 1% ahead of est. However, adj. for forex fluctuations (~Rs31m gain in Q3; ~Rs72m loss in Q2), ...
- Rohit Dokania
Hathway Cable & Datacom's Q2FY19 results (Neutral) - All eyes on new p...
Q2FY19 result highlights HATH’s standalone business includes its Broadband Business only. The cable business has been demerged into a 100% subsidiary. Broadband segment (standalone): Revenue was flat qoq at ~Rs1.3bn (3% miss) – HATH continues to churn out low data consumers (subscriber base stable at ~770k qoq; 30k customers lost in Q2 in addition to 2% monthly churn rate), while ARPU fell 3% qoq to ~Rs672 (due to subs down-trading to lower ARPU packs given that bandwidth limit has been incr...
- Rohit Dokania
Hathway Cable & Datacom's Q1FY19 results (Neutral) - Headwinds in broa...
Q1FY19 result highlights HATH’s standalone business includes its Broadband Business only. The cable business has been demerged into a 100% subsidiary. Broadband segment (standalone): Revenue declined ~11% qoq to ~Rs1.3bn (14% miss) – the miss was driven by subscriber base being culled by ~57k (lower ARPU/lower usage; net subs loss of ~30k to 770k), which also led to blended ARPU falling to Rs690 (vs Rs710 qoq). EBITDA at ~Rs469m fell ~21% qoq (26% miss) while margins shrunk ~440 bps qoq to 3...
- Rohit Dokania
Hathway Cable & Datacom's Q4FY18 results (Neutral) - Strength in Broad...
Q4FY18 result highlights Hathway results are not comparable yoy because till FY17, Hathway’s standalone business was reflective of its cable and broadband business combined whereas from Q1FY18 onwards, the cable business has been demerged into a 100% subsidiary and now the standalone business is reflective of its broadband business only. Broadband segment (standalone): Revenue at ~Rs1.5bn grew at a decent 5.1% qoq (in-line), despite the intensified competitive activity in the wireless broadb...
- Rohit Dokania
Hathway Cable & Datacom's Q3FY18 results (Neutral) - Decent performanc...
Q3FY18 result highlights Hathway results are not comparable yoy because till FY17, Hathway’s standalone business was reflective of its cable and broadband business combined whereas from Q1FY18 onwards, the cable business has been demerged into a 100% subsidiary and now the standalone business is reflective of its broadband business only. Broadband segment (standalone): Revenue at Rs1.4bn (1.7% beat), grew by 5.7% qoq, a good show in the current context of high competitive activity in the wir...
- Rohit Dokania
Hathway Cables' Q2FY18 results (Neutral) - Broadband doing satisfactor...
Q2FY18 result highlights Hathway results are not comparable yoy because till FY17, Hathway’s standalone business was reflective of its cable and broadband business combined whereas from Q1FY18 onwards, the cable business has been demerged into a 100% subsidiary and now the standalone business is reflective of its broadband business only. Broadband segment (standalone): Revenue at Rs1.31bn (in line), grew by 1.7% qoq which is reasonable in the current context of high competitive activity in t...
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
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