Hathway Bhawani Q4FY26 results: FY26 loss, revenue ₹2.39 cr

Hathway Bhawani declares Q4FY26 and FY26 audited results

Hathway Bhawani Cabletel & Datacom Limited announced its audited financial results for the quarter and year ended March 31, 2026, after a board meeting held on April 14, 2026. The company said the board reviewed and approved both consolidated and standalone audited financial statements, as recommended by the Audit Committee. The meeting started at 4:15 p.m. and concluded at 4:55 p.m. The results were submitted to BSE Limited under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filings cover performance across a year that saw revenue soften and profitability move into loss at the consolidated level.

Consolidated FY26: profit turns to net loss

For FY26, the company reported a consolidated net loss of ₹0.1698 crore, compared with a consolidated profit of ₹0.0433 crore in FY25. Revenue from operations declined to ₹2.3853 crore in FY26 from ₹2.5680 crore in FY25. Total income for FY26 stood at ₹2.4189 crore versus ₹2.7517 crore in FY25. The company also reported negative earnings per share (EPS) of ₹(0.21) for FY26 compared with ₹0.05 in FY25. The shift from a small profit to a loss was accompanied by lower operating scale and continued cost outgo.

Q4FY26 performance: lower revenue and quarterly loss

In Q4FY26, revenue from operations was ₹0.5974 crore, down from ₹0.7736 crore in Q4FY25. Total income for Q4FY26 was ₹0.6229 crore versus ₹0.9417 crore in Q4FY25. The quarter ended with a consolidated net loss of ₹0.1753 crore, compared with a profit of ₹0.2332 crore in Q4FY25. EPS for Q4FY26 was ₹(0.22) against ₹0.29 in the year-ago quarter. The quarter’s numbers reinforced the full-year trend of weaker top line and loss-making outcome.

Cost structure: expenses stay elevated despite lower scale

Total expenses on a consolidated basis were ₹2.4459 crore for FY26, compared with ₹2.6829 crore in FY25. Key expense heads cited by the company included feed charges of ₹0.9146 crore and employee benefit expenses of ₹0.4013 crore. Other expenses were ₹0.7336 crore for the year. Even with expenses lower year-on-year, the decline in income meant the overall profitability stayed under pressure. The company described the performance as challenging, reflecting the operating conditions during the year.

Standalone FY26: exceptional item drives deeper loss

On a standalone basis, the company reported a net loss of ₹0.4133 crore for FY26, compared with a profit of ₹0.0529 crore in FY25. Standalone revenue from operations fell to ₹2.3377 crore in FY26 from ₹2.5680 crore in FY25. The company disclosed exceptional items of ₹0.3968 crore (reported for both Q4FY26 and FY26), which weighed on profitability. In Q4FY26, standalone net loss was ₹0.4195 crore, compared with a profit of ₹0.2337 crore in Q4FY25. Standalone EPS was ₹(0.51) for FY26 and ₹(0.52) for Q4FY26.

Subsidiary acquisition: Hathway Bhawani NDS Network becomes wholly owned

During the quarter, Hathway Bhawani Cabletel & Datacom acquired the remaining 49% equity stake in Hathway Bhawani NDS Network Limited. This made the entity a wholly owned subsidiary. The company said the entity was a joint venture until February 5, 2026, and it became a subsidiary from February 6, 2026. The acquisition involved 15,190 equity shares for ₹0.0015 crore. The disclosure indicates a simplification of group structure late in the financial year.

Key numbers at a glance (₹ crore)

All figures below are converted to ₹ crore for comparability.

Auditor’s opinion and filing details

Nayan Parikh & Co., Chartered Accountants, issued unmodified opinions on both the consolidated and standalone audited financial results. The auditors stated that the results comply with Indian Accounting Standards and present a true and fair view of the company’s financial position. The filings were signed by Priya Bhagat, Company Secretary and Compliance Officer. The company’s security code on BSE is 509073. The registered office address disclosed is 1st Floor, B-wing, Jaywant Apartment, Above SBI Bank, 63, Tardeo Road, Mumbai - 400034.

Regulatory matter: DoT license fee show-cause and demand notices

The company also disclosed an ongoing regulatory issue involving Show Cause cum Demand notices from the Department of Telecommunications. The notices relate to license fees amounting to ₹41.3038 crore. The demand covers financial years from 2005-06 to 2007-08 and 2009-10 to 2014-15. Based on legal expert opinion cited in the filing, the company stated that no provision is necessary for this matter. Such legacy disputes can remain a monitoring point for investors because they involve regulatory interpretation and long time periods.

Compliance update: no dematerialisation requests in Jan to Mar 2026

Separately, the company filed a quarterly compliance certificate with BSE on April 7, 2026. The filing confirmed that there were zero dematerialisation requests for equity shares during January to March 2026. The certificate was filed under SEBI Regulation 74(5) and validated by the registrar, KFin Technologies Limited. The disclosure is procedural in nature but indicates compliance with mandated reporting.

Timeline of disclosed events

What investors will track next

The FY26 filings highlight a year of lower operating revenue and a return to consolidated losses, alongside a larger standalone loss influenced by exceptional items. Investors typically watch how operating income and expense controls evolve in subsequent quarters, but the company has not provided forward financial guidance in the disclosed material. The wholly owned subsidiary structure after February 2026 may change how the group reports and manages its operations going forward. Updates on the Department of Telecommunications matter, including any formal developments, will remain relevant given the stated demand amount. The next set of statutory and exchange disclosures will clarify whether the FY26 performance stabilises after the year-end changes.