Board approves unaudited results for the quarter and half year ended September 30, 2026; auditors' conclusion unmodified
Board meeting, October 14, 2026 (03:00 p.m. to 05:15 p.m.): the Audit Committee reviewed and recommended, and the Board approved.
By ScoutQuest · · 2 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 567.51 | 536.67 | +5.7% | 565.10 | +0.4% |
| Total income | 598.59 | 555.45 | +7.8% | 597.42 | +0.2% |
| Profit before tax | 15.14 | 26.21 | −42.2% | 32.64 | −53.6% |
| Profit after tax | 10.16 | 18.25 | −44.3% | 24.56 | −58.6% |
| Total comprehensive income | 10.17 | 18.13 | −43.9% | 24.76 | −58.9% |
| Basic EPS | 0.06 | 0.10 | −40% | 0.14 | −57.1% |
- PAT change YoY
- 18.25 (−44.3%)
- Period
- Quarter ended September 30, 2026
Auditor's review
Conclusion: Unmodified
Notes to the results
- DOT Show Cause cum Demand notices demanding license fees of Rs.3,201.93 Crores incl. interest and penalty; Group contests and, based on legal opinion, considers no provision necessary.
Board meeting outcome
The Board of Directors met on October 14, 2026, from 03:00 p.m. to 05:15 p.m. The unaudited financial results, consolidated and standalone, for the quarter and half year ended September 30, 2026 were reviewed and recommended by the Audit Committee, and then approved by the Board, at their respective meetings held that day.
Auditor's review conclusion
- The results are accompanied by an Independent Auditor's Review Report from the joint auditors, Deloitte Haskins & Sells LLP and Nayan Parikh & Co.
- The conclusion is unmodified: nothing came to the auditors' attention that caused them to believe the statement had not disclosed the information required to be disclosed, or that it contained any material misstatement.
- A review is substantially less in scope than an audit, and the auditors state that they do not express an audit opinion.
How the consolidated numbers look (unaudited)
- Revenue from operations: Rs. 567.51 crore for the quarter and Rs. 1,132.61 crore for the half year.
- Total income: Rs. 598.59 crore for the quarter.
- Net profit for the period: Rs. 10.16 crore for the quarter and Rs. 34.72 crore for the half year.
- For comparison, net profit for the period in the same periods a year earlier was Rs. 18.25 crore for the quarter and Rs. 49.28 crore for the half year.
Put simply, revenue from operations was higher year on year in both periods, while net profit for the period was lower in both periods.
Department of Telecommunications demand
Note 3 records that the group received Show Cause cum Demand notices from the Department of Telecommunications, Government of India, demanding license fees amounting to Rs.3,201.93 Crores (June 30, 2026, March 31, 2026 and September 30, 2025: Rs. 3,201.93 Crores). The note states that the demand includes interest and penalty computed up to the date of the respective notices, that the group has made representations contesting the basis of the demands, and that, based on the opinion of a legal expert, the group is confident that it has strong grounds to defend the matter and considers no provision necessary.
What a reader may keep in mind
- These are interim unaudited results carrying a review conclusion, not an audit opinion.
- Net profit for the period is lower than a year earlier even though revenue from operations is higher, so the movement in expenses and other line items is worth reading alongside the headline numbers.
- The DOT matter is contested and no provision has been made for it, so how it eventually turns out can influence future reported numbers.
The Statement also includes the results of subsidiaries, joint ventures and one associate, with part of that information reviewed by other auditors or one of the joint auditors; the auditors state that their conclusion is not modified in respect of those matters.
Also from Hathway Cable & Datacom
Board meeting on October 14, 2026 to consider un-audited results for quarter and half year ended September 30, 2026
7 Oct 2026
More numbers
- Consolidated Revenue from operations, half year ended September 30, 2026Rs. 1,132.61 crore
- Consolidated Net profit for the period, half year ended September 30, 2026Rs. 34.72 crore
- Consolidated Net profit for the period, half year ended September 30, 2025Rs. 49.28 crore
- License fees demanded in DOT Show Cause cum Demand noticesRs.3,201.93 Crores
- Total income, latest quarter598.59 (Rupees in Crores)
- Total income, year-ago quarter555.45 (Rupees in Crores)
- Total income, previous quarter597.42 (Rupees in Crores)
- Total comprehensive income, latest quarter10.17 (Rupees in Crores)
- Total comprehensive income, year-ago quarter18.13 (Rupees in Crores)
- Total comprehensive income, previous quarter24.76 (Rupees in Crores)
- Profit after tax, latest quarter10.16 (Rupees in Crores)
- Profit after tax, year-ago quarter18.25 (Rupees in Crores)
- Profit after tax, previous quarter24.56 (Rupees in Crores)
- Revenue from operations, latest quarter567.51 (Rupees in Crores)
- Revenue from operations, year-ago quarter536.67 (Rupees in Crores)
- Revenue from operations, previous quarter565.10 (Rupees in Crores)
- Profit before tax, latest quarter15.14 (Rupees in Crores)
- Profit before tax, year-ago quarter26.21 (Rupees in Crores)
- Profit before tax, previous quarter32.64 (Rupees in Crores)
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