Detailed Coverage

Hathway Cable & Datacom FY26 Results

Consolidated Profit: ₹82.24 crore (FY26) vs ₹92.54 crore (FY25)
Consolidated Revenue: ₹2,149.58 crore (FY26) vs ₹2,039.65 crore (FY25)

Reader Takeaway: Lower profit despite higher revenue; contingent liability remains a key risk.

What just happened

Hathway Cable & Datacom Ltd announced its financial results for the fiscal year ending March 31, 2026. Consolidated revenue grew to ₹2,149.58 crore from ₹2,039.65 crore in the previous year. However, consolidated profit saw a decline to ₹82.24 crore from ₹92.54 crore.

On a standalone basis, revenue decreased to ₹581.98 crore from ₹602.12 crore, and profit fell to ₹65.38 crore from ₹79.33 crore.

The company also appointed Deloitte Haskins & Sells Chartered Accountants LLP as a Joint Auditor alongside existing auditors Nayan Parikh & Co., effective from the 66th Annual General Meeting.

No dividend was recommended for the fiscal year 2025-26.

Why this matters

While revenue shows an upward trend, the decrease in profitability at both consolidated and standalone levels is a concern for investors. The company has also undergone significant corporate restructuring and divestments during the year, aiming to simplify its group structure. A substantial contingent liability related to Department of Telecommunications (DOT) license fee demands remains a critical factor to monitor.

The backstory

Hathway Cable & Datacom is a major player in the cable television and broadband services market in India. The company has been working on streamlining its operations and simplifying its corporate structure. This includes amalgamating wholly-owned subsidiaries and divesting stakes in certain cable network entities.

What changes now

The appointment of a joint auditor, Deloitte Haskins & Sells, aims to ensure audit continuity and potentially enhance financial oversight. The corporate restructuring, including amalgamations and divestments, is intended to create a more efficient group structure. Investors will be watching how these changes impact future financial performance and operational efficiency.

Risks to watch

The primary risk highlighted is the substantial contingent liability of ₹3,160.63 crore (standalone) and ₹3,201.93 crore (consolidated) concerning DOT license fee demands. Management also continues to express concerns about regulatory imbalances between cable operators and OTT platforms.

Peer comparison

Information on direct peer performance for the same period is not provided in the filing.

Context metrics (time-bound)

As of March 31, 2026, Hathway reported 1.02 million broadband subscribers (standalone) and 4.63 million digital cable TV viewers (consolidated).

What to track next

Investors should closely monitor the resolution of contingent liabilities related to DOT license fees, the impact of the ongoing regulatory environment on the cable TV business, and the company's efforts to improve profitability despite revenue growth.