MUMBAI: It’s a small MSO in the eastern part of Mumbai and covers the area of Chembur. But Hathay Bhawani Cabletel is  an off shoot of Hathway & Cable Datcom, which is a national MSO and is a part of Reliance Industries.

The company  reported financial results for the quarter and nine months ended 31 December 2024, revealing declining revenues and a shift from profitability to losses compared to the previous year.

Q3 Financial Performance (October-December 2024)
* Total Income: Rs 59.57 lakh, down 12 per cent  from Rs 67.92 lakh in Q3 FY 2023.
* Total Expenses: Rs 65.25 lakh, up 21 per cent from Rs 53.89 lakh in Q3 FY 2023.
* Net Loss: Rs 5.68 lakh, compared to a profit of Rs 4.03 lakh in the same quarter last year.

The decline in income and significant rise in expenses contributed to the company’s unfavorable quarterly performance, highlighting operational inefficiencies and increased cost pressures.

Nine-Month Financial Performance (April-December 2024)
* Total Income: Rs 181 lakh, a 12 per cent decline from Rs 206.25 lakh during the same period in 2023.
* Total Expenses: Rs 203.20 lakh, a slight reduction from Rs 205.66 lakh in the prior year.
* Net Loss: Rs 22.20 lakh, compared to a modest profit of Rs 59,000 during the nine months ended December 2023.

The income contraction coupled with sustained high expenses reversed the profitability recorded in the previous year.