New Delhi, 13 October 2021: HFCL Limited, a leading Indian technology enterprise specializing in high-end transmission and access equipment, optical fiber and cables, and communication networks for telecom, railways, defence, and smart city projects, today announced its unaudited consolidated financial results for the second quarter ended 30 September 2021 (Q2 FY22).
Financial Highlights (Consolidated):
Revenue: ₹1,122.05 crore, up 6.42% year-on-year (YoY), down 7.03% quarter-on-quarter (QoQ)
EBITDA: ₹173.20 crore, up 25.99% YoY, down 9.58% QoQ
EBITDA Margin: 15.44%, improved 240 basis points YoY
Profit After Tax (PAT): ₹85.94 crore, up 61.18% YoY
PAT Margin: 7.66%, improved 260 basis points YoY
Standalone Results for Q2 FY22:
Revenue: ₹1,004.92 crore
EBITDA: ₹138.97 crore
Profit Before Tax (PBT): ₹93.83 crore
PAT: ₹70.18 crore
Half-Year Consolidated Performance (H1 FY22):
Revenue: ₹2,328.92 crore
EBITDA: ₹364.74 crore
PBT: ₹239.29 crore
PAT: ₹176.63 crore
Half-Year Standalone Performance (H1 FY22):
Revenue: ₹2,113.12 crore
EBITDA: ₹304.02 crore
PBT: ₹203.88 crore
PAT: ₹150.72 crore
Commenting on the results, Mr. Mahendra Nahata, Managing Director, HFCL Limited, said:
“We delivered a strong quarter marked by revenue growth, margin expansion, and robust cash generation compared to Q2 FY21. Our manufacturing facilities operated at optimum capacity. The market opportunity is improving, and HFCL continues to strengthen its value proposition with an expanding portfolio of innovative products and solutions, leveraging economies of scale and enhanced capacities.”
He further added, “Our strategic focus on margin-accretive telecom components and capital-efficient projects will sustain profitability growth. Our holistic R&D efforts keep us ahead in technological advancements. The resilience and competitiveness of our teams and organizational capabilities further bolster HFCL’s growth story.”
