India's Hathway falls after Q4 profit slump, CEO to step down

Hathway Cable and Datacom

20/04/2026 06:51

** Shares of cable broadband service provider Hathway Cable and Datacom HAWY.NS fall 4% to 11.14 rupees

** Stock nears one-week low, set for steepest single-day fall in over three weeks

** Current CEO Tavinderjit Singh Panesar to step down, effective August 31

** COO Gurjeev Singh Kapoor to takeover role from September 1

** HAWY reports 67.3% y/y fall in Q4 consolidated net profit to 113.3 mln rupees

** Cable TV business continued to bleed, with losses widening in Q4; pay channel costs (Cable TV) grew much faster than revenue, and large tax outgo created significant one-time drag on bottom line

** Hathway trades at a trailing 12-month price-to-earnings ratio of 19.46, compared to industry average of 8.77 - LSEG

** Stock down over 10% year-to-date

 (Reporting by Pranav Kashyap in Bengaluru)

 ((pranav.kashyap@tr.com; +919886482111;))