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Hathway reduces losses in Q4; improves FY 2010 show
MUMBAI: Hathway Cable & Datacom, which had raised Rs 4.80 billion this year via its initial public offering (IPO), has come out with a mixed bag of results to show for FY ‘10.
For the whole fiscal, the MSO (multi system operator) has managed to reduce its net loss to Rs 815.50 million, from Rs 1.06 billion in previous fiscal. Its bottomline was eroded to a certain extent thanks to higher amortisation and depreciation costs at Rs 899.64 million up from Rs 816.61 million, in the previous year.
Hathway‘s net income for the fiscal stood almost flat at Rs 4 billion, as compared to Rs 3.96 billion a year ago, a marginal increase of 1.1 per cent
Hathway has also managed to reduce its expenditure this financial year. Another positive sign for the company is that profit before interest, other income, depreciation and exceptional items at Rs 705.1 million has increased by 8.7 per cent.
The company disclosed that it has so far utilised Rs 105.6 million of the IPO proceeds, while Rs 4.10 billion has been invested in mutual funds and the rest is deposited with banks.
The depreciation, amortisation and impairment expenditure of the company at Rs 899.65 million is very high, and has in fact gone up from last year by approximately Rs 80 million.
The company noted that it has suffered a major setback in Chennai, where it lost subscribers to competition because of “unforeseen conditions,” leaving it to recover its equipments.
For the quarter ended 31 March 2010, Hathway posted a net loss of Rs 99.34 million, on an income of Rs 987 million. If it continues with this performance, its profit & loss statement is likely to be stained a little less red by the time the current fiscal ends.
The company has Rs 4.1 billion in mutual funds, which if their NAVs rise could be a major contributing factor to its other income in the coming quarter, and may prove to be its turning point. However, one has to wait and watch how the markets and the company‘s investments perform, before drawing any conclusions.
A profit of Rs 55.8 million after depreciation for the last quarter of fiscal 2010 is also a good sign for the company, and apparently investors are playing a wait and watch game, irrespective of the overall losses sustained by it. The Hathway closing price on Friday 14 May was Rs 205.90.
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Inshorts Group chief Deepit Purkayastha joins IAB video council for Southeast Asia and India
The co-founder and chief executive of the short-form content platform has been inducted into the IAB SEA+India Video Council, giving India a stronger voice in shaping digital video frameworks
NOIDA: India has long been the world’s most chaotic, multilingual and mobile-first digital market. Now, one of its most prominent short-video executives is getting a seat at the table where the rules are written.
Deepit Purkayastha, co-founder and chief executive of Inshorts Group, has been selected as a member of the IAB SEA+India Video Council for 2026. Run by the Interactive Advertising Bureau, the council brings together senior leaders from Southeast Asia and India to shape standards, best practices and measurement frameworks for the fast-evolving video and digital advertising ecosystem.
The timing is pointed. According to the IAMAI-Kantar Internet in India Report 2025, over 588 million Indians are now consuming short-video content, with growth increasingly driven by rural and non-metro audiences. India’s active internet user base has crossed 950 million, with 57 per cent of users now coming from rural markets. Yet the frameworks that govern how video consumption is measured and monetised were largely designed for single-language, Western markets and have struggled to keep pace with the scale, diversity and complexity of India’s digital landscape.
Purkayastha is no stranger to these debates. He already serves on the AI Council at Marketing and Media Alliance India and as co-chair of the Digital Entertainment Committee at the Internet and Mobile Association of India. His induction into the IAB SEA+India Video Council extends that influence into the global video standards arena.
Inshorts Group sits squarely at the intersection of these forces. Its flagship product, Inshorts, India’s highest-rated short news app, reaches 12 million active users with 60-word news summaries. Its sister platform, Public App, reaches 80 million monthly active users across more than 700 districts and 12 languages, serving communities that most global platforms barely register.
Purkayastha said the opportunity was about building something more representative. “India today sits at the centre of the global video ecosystem, but the frameworks that define how value is created and measured have not always kept pace with the realities of our market,” he said. “Being part of the IAB SEA+India Video Council is an opportunity to contribute to a more representative and future-ready approach, one that accounts for diversity in language, context, and user intent.”
As a council member, Purkayastha will contribute to shaping regional standards across video advertising, measurement and platform governance, with a focus on frameworks that are native to India’s multilingual, mobile-first ecosystem rather than imported from global benchmarks designed elsewhere.
For years, India has been content to play by rules written for other markets. Purkayastha’s induction is a signal that it is done waiting to be consulted and ready to start writing them.
