Financials
Hathway Q2-2014 y-o-y revenue up 68 per cent, loss returns after two quarters
BENGALURU: Indian Multi Systems Operator (MSO) Hathway Cable & Datacom Limited (Hathway) reported net sales/income from operations of Rs 219.33 crore for Q2-2014, 68 per cent higher than the Rs 130.33 crore the company reported for Q2-2013, but 5.4 per cent lower than the Rs 231 crore for the immediate trailing quarter (Q1-2014).
The company reported a net loss of Rs (-44.44) crore for Q2-2014, 35.26 times higher than the loss of Rs (-1.26 crore) for the corresponding period last year. Earlier, Hathway had reported positive PAT for two consecutive quarters, viz. Q1-2014 when it returned a positive PAT of Rs 5.32 crore and an even higher positive PAT of Rs 28.27 crore for Q4-2013. For FY-2013, the company had reported a net profit for the year from continuing operations of Rs 3.2 crore, while for FY-2012; the company had reported a loss of Rs 5.17 crore.
Let us look at the other Q2-2014 figures reported by Hathway
Hathway’s EBIDTA for Q2-2014 at Rs 40.15 crore was 68.7 per cent more than the Rs 23.8 crore for Q2-2013, but almost half (52.1 per cent) of Rs 77.04 crore for Q1-2014.
The MSO reported a loss before other income, interest and exceptional Items, and tax of Rs (-12.9) crore for Q2-2014, as compared to a loss of Rs (-5.39) crore for Q2-2013 and a profit of Rs 34.55 crore for Q1-2014.
Hathway reported expense of Rs 233.19 crore (5.9 per cent more than the total income of Rs 220.28 crore) for Q2-2014, more than double (2.09 times) the Rs 111.7 crore for Q2-2013 and about 17.8 per cent more than the Rs 198.01 crore for the immediate preceding quarter (Q1-2014).
Harthway’s pay channel cost at Rs 68.3 crore was 75 per cent more than the Rs 39.05 crore for Q2-2013 and 16.8 per cent more than the Rs 58.45 crore for Q1-2014.
Depreciation and amortisation expense at Rs 51.32 crore was 16.2 per cent more than the Rs 44.18 crore for Q2-2013 and 23.5 per cent more than the Rs 41.54 crore for Q1-2014.
Another major expense head – Other expenses for Q2-2014 at Rs 98.12 crore was up 62.6 per cent as compared to the Rs 60.33 crore for Q2-2013 and 17.3 per cent more than the Rs 83.67 crore for Q1-2014.
Hathway’s finance cost for Q2-2014 at Rs 23.71 crore more than tripled (was 3.25 times) the Rs 7.30 crore for Q2-2013 and was 9.7 per cent more than the Rs 21.61 crore for Q1-2014.
Hathway reported a foreign exchange loss of Rs (-7.51) crore for Q2-2014 as compared to a gain of Rs 4.48 crore for Q2-2013 and a loss of Rs (-8.32) crore for the trailing quarter (Q1-2014).
Revenue and results from the other segments was a minor fraction of the overall revenue.
MUMBAI: It’s time to brief the markets: Page Industries is showing that even when regulations tighten, it can still keep its footing in the innerwear business. The Bengaluru-based apparel major has reported its financials for the quarter ended 31 December 2025, delivering a performance that remains steady and well put together.
The company’s top line showed plenty of elasticity this quarter. Revenue from operations stretched to Rs 1,38,675.71 lakhs, a healthy jump from the Rs 1,29,085.82 lakhs reported in the preceding quarter. Compared to the same period last year, which stood at Rs 1,31,305.10 lakhs, it’s clear the brand’s grip on the market isn’t loosening. Total income for the quarter, including other finance gains, reached a comfortable Rs 1,39,919.03 lakhs.
However, it wasn’t all smooth silk. The Government of India’s new unified Labour Codes, covering everything from wages to social security, officially kicked in on 21 November 2025. This regulatory shift forced Page Industries to account for a one-time “exceptional item” cost of Rs 3,500.42 lakhs to cover incremental employee benefits and related obligations. Despite this Rs 35-crore legislative snag, the underlying business remained robust. Profit before tax stood at Rs 25,625.35 lakhs after the exceptional hit, and without that one-off cost, the figure would have been a more muscular Rs 29,125.77 lakhs. Net profit for the quarter came in at Rs 18,953.64 lakhs.
Total expenses rose to Rs 1,10,793.26 lakhs, driven largely by raw material consumption of Rs 30,162.65 lakhs and employee benefits of Rs 23,310.66 lakhs. Even so, the company’s operational strength ensured the bottom line remained firmly stitched together.
For shareholders, the news is particularly “fitting.” The Board has declared a third interim dividend for 2025-26 of Rs 125 per equity share. The record date has been set for 11 February 2026, with the payment scheduled on or before 6 March 2026. This follows two previous interim dividends of Rs 150 and Rs 125 declared earlier in the financial year, reinforcing the company’s commitment to sharing the spoils of its success.
Looking at the nine-month stretch ending December 2025, Page Industries has amassed total income of Rs 4,04,090.59 lakhs, with total comprehensive income of Rs 58,231.49 lakhs. While the basic earnings per share for the quarter dipped slightly to Rs 169.93, compared to Rs 183.48 in the same quarter last year, the year-to-date EPS remains a solid Rs 524.57.
Auditors at S.R. Batliboi & Associates LLP have given the results a “limited review” thumbs up, reporting no material misstatements. It seems that, as far as Page Industries is concerned, the business remains as well-constructed as its famous Jockey briefs.
