Mumbai: Hathway Cable and Datacom on Friday reported its first quarter results for the financial year FY23. The company reported gross revenue of Rs 447.2 crore and earnings before interest, tax, depreciation and amortisation (Ebitda) of Rs 102.6 crore.
The company reported profit after tax of Rs 21 crore as compared to Rs 28.4 crore in the preceding quarter. Its broadband business brought in revenues of Rs 157.2 crore and its cable TV business stood at Rs 290 crore.
The company’s total expenditure stood at Rs 360.2 crore, and its pay channel cost stood at Rs 172.7 crore.
Hathway Cable and Datacom reported 1.12 million broadband subscribers at the end of June. Customer satisfaction scores (CSAT) increased from 62 per cent in the first quarter of FY22 to 84 per cent in the first quarter of FY23.
The company augmented its fibre-to-the-home capacity to accommodate another 1.2 million customers. It also finished next-generation. Docsis speed complaints were reduced by 80 per cent in all cities following the Docsis upgrade. It reported that 65 per cent of Docsis customers have been upgraded to 100 Mbps plans.