Hathway Cable And Datacom FY26 Results: Consolidated Revenue ₹2,149.58 Crore, PAT ₹82.24 Crore — Channel 5 Made Wholly Owned Subsidiary

Hathway Cable and Datacom Limited — India’s major Multi-System Operator (MSO) for Digital Cable TV and one of the largest private broadband providers — declared its Q4 FY26 and full-year FY26 audited results on April 17, 2026. The Reliance Industries-backed company reported consolidated FY26 revenue of ₹2,149.58 crore and consolidated PAT of ₹82.24 crore. Standalone PAT was ₹65.38 crore.

A significant corporate action was also disclosed: on April 13, 2026, Hathway acquired the remaining 49% equity stake in Channel 5 for ₹40,000, making it a wholly owned subsidiary. The company also received unmodified (clean) audit opinions on both standalone and consolidated audited statements — an important governance signal. No dividend was declared for FY26, consistent with the company’s historical approach of retaining cash for network investment.

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Hathway Cable & Datacom FY26 Financial Results

Note: Full Q4 FY26 quarterly breakdown not individually reported. The above reflects FY26 full-year audited consolidated and standalone figures from BSE filing dated April 17, 2026. Source: Screener.in BSE announcement summary.

Business Context: Cable TV Challenges, Broadband Opportunity

Hathway’s business operates in two contrasting dynamics. The Cable TV segment — serving approximately 9.4 million active Digital Cable TV subscribers across India — faces structural headwinds from OTT streaming adoption and competitor cord-cutting. Revenue per subscriber has been pressured even as operational costs of maintaining the cable infrastructure remain significant. The broadband segment, serving approximately 1 million active broadband subscribers, represents the growth pillar — with average ARPU of approximately ₹465/month providing stable recurring revenue.

The consolidated PAT of ₹82.24 crore on ₹2,149.58 crore revenue represents a net margin of approximately 3.8% — thin for an infrastructure-heavy business and reflective of the elevated depreciation and interest costs associated with cable and broadband network investment. The FY26 EBITDA picture would be meaningfully better than the PAT figure suggests.

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Channel 5 Acquisition and Network Consolidation

The acquisition of the remaining 49% stake in Channel 5 (for the nominal sum of ₹40,000, reflecting the subsidiary’s minimal asset value) streamlines Hathway’s corporate structure by eliminating a joint venture arrangement. This type of housekeeping consolidation reduces management complexity and eliminates the need for minority interest accounting in consolidated statements going forward.

Conclusion

Hathway Cable & Datacom’s FY26 audited results confirm a business generating positive profits despite the structural challenges in linear cable television. The consolidated PAT of ₹82.24 crore on a ₹2,149.58 crore revenue base shows the company is managing cost discipline while navigating a difficult operating environment. The broadband subscriber base and ARPU stability provide a more defensible revenue floor. With the Reliance promoter group owning 75% and providing strategic backing, the company’s network assets remain strategically valuable even as the business model evolves away from pure cable distribution.

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Frequently Asked Questions

1. What was Hathway Cable & Datacom’s FY26 revenue and PAT?

Hathway Cable & Datacom reported consolidated FY26 revenue of ₹2,149.58 crore and consolidated PAT of ₹82.24 crore. Standalone PAT was ₹65.38 crore. Both standalone and consolidated results received unmodified (clean) auditor opinions.

2. What is the Channel 5 acquisition?

On April 13, 2026, Hathway Cable acquired the remaining 49% equity stake in Channel 5 for ₹40,000, making Channel 5 a wholly owned subsidiary. Previously Channel 5 was a joint venture. The acquisition simplifies the group corporate structure.

3. Did Hathway Cable declare a dividend?

No dividend was declared for FY26. Hathway Cable has historically not paid dividends, preferring to retain cash for network capital expenditure and broadband infrastructure investment.

4. How many subscribers does Hathway have?

Hathway Cable serves approximately 9.4 million active Digital Cable TV subscribers and approximately 1 million active broadband subscribers. The broadband home-pass footprint is approximately 5.95 million homes.

5. Who owns Hathway Cable & Datacom?

Reliance Industries / Reliance Jio holds 75% of Hathway Cable & Datacom as promoter. The remaining 25% is held by public shareholders. The company is listed on both NSE and BSE.

6. What is Hathway’s broadband ARPU?

Hathway’s broadband average revenue per user (ARPU) has been approximately ₹465/month, providing a stable recurring revenue base from the broadband subscriber segment.

7. When do TCS announce Q4 results 2026?

TCS declared Q4 FY26 results on April 9, 2026.

8. Is Hathway Cable a good investment?

Hathway Cable offers exposure to India’s broadband growth story via the Reliance ecosystem, but faces ongoing cable TV structural decline. At ~₹1,936 crore market cap and ₹82 crore PAT, it trades at ~23x earnings — not cheap for a mature infrastructure business with thin margins. Consult a SEBI-registered financial advisor before investing.

Disclaimer: Investment in the share market is subject to risk. This article is for informational and educational purposes only and does not constitute investment advice. All financial data is sourced from publicly available NSE/BSE filings and company investor relations pages. Verify all numbers before investing. Consult a SEBI-registered advisor before making investment decisions.

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