Small-cap stock under ₹20 skyrockets over 13% after Q1 results outcome
In Q1 FY26, consolidated net profit for Hathway Cables saw a sharp 69% rise to ₹ 31.03 crore compared to ₹ 18.37 crore in the year-ago quarter. The strong jump in net profit during the April-June 2025 quarter was driven by a sharp improvement in the operating performance. The profit before tax at ₹ 40.28 crore during the April-June quarter of 2025 grew close to 60% compared to ₹ 25.29 crore in the April-June 2024 quarter.
The revenue from operations was ₹ 530.50 crore, a 5.55% year-on-year increase compared to ₹ 502.61 during the April-June 2024 quarter.
Small-cap stock under ₹ 20, Hathway Cable & Datacom share price movement
Hathway Cable & Datacom share price opened at ₹ 16.10 on the BSE on Wednesday. The Hathway Cable & Datacom share price at the time of opening was more than 2% higher than the previous trading session's closing price of ₹ 15.77. However, the Hathway Cable & Datacom share price gained to intraday highs of ₹ 17.95, which meant gains of more than 13% (13.8%) during the intraday trades on Wednesday.
Hathway Cable & Datacom share price had scaled to a 52-week, or 1-year, high of ₹ 25.66 in July last year. However, the Hathway Cable & Datacom share price had seen significant correction thereafter to 52-week or 1-year lows of ₹ 11.94 in April this year, following sharp correction in the Indian Stock Markets amidst valuation concerns and global uncertainties. led by geopolitical tensions and also the tariff-related concerns
Hathway Cable & Datacom share price thereafter has rebounded well from lows in April.
Disclaimer: The views and recommendations made above are those of individual analysts or brokerage companies and not of Mint. We advise investors to check with certified experts before making any investment decisions
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