BENGALURU: Hathway Bhawani Cabletel and Datacom Limited (HBCDL) reported a 10.4 per cent YoY growth in net sales or Income from Operations (TIO) for the quarter ended 30 September, 2015 (Q2-2016, current quarter) at Rs 419.74 lakh as compared to Rs 380.14 lakh. Current quarter’s TIO was almost flat (increased 0.6 per cent) QoQ as compared to Rs 416.32 lakh.

Note: 100,00,000 = 100 lakh =10 million = 1 crore

The numbers in this report are mentioned in Rs lakh in general.

The company reported a lower loss in the current quarter at Rs 12.50 lakh as compared to the loss of Rs 50.14 lakh in the corresponding year ago quarter and a loss of Rs 18.52 lakh in the immediate trailing quarter.

HBCDL’s EBIDTA including ‘Other Income’  (Operating profit) was Rs 10.11 lakh 2.4 per cent margin) as compared to an operating loss of Rs 23.82 lakh in Q2-2015 and was over six times (6.6 times) the EBIDTA of Rs 1.53 lakh reported for Q1-2016.

Let us look at the other numbers reported by HBSDL

HBDCL’s Total Expenditure in the current quarter increased 1.3 per cent YoY to Rs 435.62 lakh (103.8 per cent of TIO) from Rs 429.90 lakh (113.1 per cent of TIO) and was almost flat (declined 0.5 per cent) QoQ from Rs 437.96 lakh (105.2 per cent of TIO).

A major expense head for the company is Pay Channel & Feed Charges (Pay channel). The company’s Pay channel costs in Q2-2016 declined 5.9 per cent YoY to Rs 200.29 lakh (47.7 per cent of TIO) from Rs 212.88 crore (56 per cent of TIO), but increased 1.9 per cent QoQ from Rs 196.49 lakh (47.2 per cent of TIO).

Employee Costs in the current quarter reduced by 12.1 per cent YoY to Rs 36.70 lakh (8.7 per cent of TIO) from Rs 41.75 lakh (11 per cent of TIO), but increased 3.5 per cent QoQ from Rs 35.45 lakh (8.5 per cent of TIO).

The company’s Provision for doubtful receivables in Q2-2016 increased 38.1 per cent YoY to Rs 43.50 lakh (10.4 per cent of TIO) as compared to Rs 31.50 lakh (8.3 per cent of TIO), but declined 18.7 per cent QoQ from Rs 53.50 lakh (12.9 per cent of TIO).

Interest costs in the current quarter reduced 3.9 per cent YoY to Rs 5.15 lakh (1.2 per cent of TIO) from 5.36 lakh (1.4 per cent of TIO) but increased 2.8 per cent QoQ from Rs 5.01 lakh (1.2 per cent of TIO).