HFCL Limited (‘HFCL’), a leading technology enterprise with operations in manufacturing of high-end telecom equipment, optical fiber and optical fiber cables and offering communication network solutions for telcos, defence and railway sector announced its Un-audited financial results for the second quarter and half year ended 30th September, 2023.
Consolidated Financial Highlights – Q2FY24
Particulars | Q2FY24
₹. in crores |
Q1FY24
₹. in crores |
Change Q-o-Q % | Q2FY23
₹. in crores |
Change Y-o-Y% |
Revenue | 1111.49 | 995.19 | 11.69 % | 1173.47 | (5.28) % |
EBIDTA | 149.77 | 159.62 | (6.17) % | 174.60 | (14.22) % |
EBIDTA Margin (%) | 13.47 % | 16.04 % | (257) Bps | 14.88 % | (141) Bps |
PAT | 70.17 | 75.56 | (7.13) % | 84.31 | (16.77) % |
PAT Margin (%) | 6.31 % | 7.59 % | (128) Bps | 7.18 % | (87) Bps |
On a standalone basis, the Company reported quarterly revenue of INR 1001.76 Crores, EBIDTA of INR 131.85 crores, PBT of INR 90.25 crores and PAT of INR 67.55 crores.
Nahata outlining HFCL’s strategic moves added, “With our focus on innovation and R&D, we have made significant progress in designing and developing indigenous telecom product and solutions, to meet the significant upcoming demand for fiberisation and 5G network infrastructure in India and key global markets like US, Middle East, France and Germany. We have taken continued efforts to design and develop next-gen products like optical fiber cables for international markets, 5G access and transportation equipment and 5G backhauling products which will significantly boost our revenue and margins going ahead. The Company recently launched its revolutionary Intermittently Bonded Ribbon (IBR) Cable in the United Kingdom and showcased high-fiber density Flat Ribbon Cable in the United States to address the fiberisation challenges and evolving needs of the international customer.”