Hathway Cable & Datacom ‘s Q2 Financial results: Revenue Grows by 5.98% YoY

The comprehensive analytics outlining the performance and outlook of Hathway Cable & Datacom Limited‘s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Today, we’re looking at Hathway Cable & Datacom Limited’s financial performance for the Q2(Sep 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 5.98 %. However, it did see a marginal increase of 2.02 % from the previous quarter. Expenses ticked up slightly by 1.08 % quarter-on-quarter, aligning with the annual rise of 6.31 %. Operating profit, while up 4.39 % compared to last year, faced a quarter-on-quarter increase of 6.93 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -0.26 %, but an expansion of 0.77 % sequentially. Other income rose by 59.86 % compared to the last quarter, despite an annual decline of -21.26 %. Interest expenses dropped significantly by -12.2 % from the previous quarter, yet the year-over-year increase remains at a moderate 100 %. Depreciation costs climbed by 0 % quarter-on-quarter, yet on an annual scale, they experienced a reduction of -12.83 %. Profit before tax grew annually by 17.54 % but saw an increase from the preceding quarter by 87.94 %.
Tax expenses as a percentage of profits decreased slightly by -22.09 % compared to last year, with a more notable quarter-on-quarter increase of 5.31 %. Net profit rose by 28.71 % year-on-year but experienced a 40.72 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 36.36 % but a quarterly rise of 50 %. In summary, Hathway Cable & Datacom Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing Hathway Cable & Datacom Limited’s 2024(Q2) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 5.98 % year-on-year growth, however, there was a minor increase of 2.02 % from the previous quarter. Expenses rose by 6.31 % compared to the previous year, with a 1.08 % increase quarter-on-quarter. Operating Profit surged by 4.39 % annually, and saw a 6.93 % increase from the last quarter.
Net Profit showed yearly increase of 28.71 %, and experienced a 40.72 % increase from the previous quarter. Earnings Per Share (EPS) rose by 36.36 % annually, however rose by 50 % compared to the last quarter. In essence, while Hathway Cable & Datacom Limited exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.