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HFCL delivers another quarter of healthy performance

HFCL delivers another quarter of healthy performance 1

New Delhi, 13th October, 2021:HFCL Limited, India’s leading technology enterprise engaged in manufacturing high end transmission and access equipment, optical fibre and optical fibre cables and creating communication networks for telecom service providers, Railways, Defence and Smart City &Surveillance Projects, has  announced itsunaudited financial results for the secondquarter ended September 30, 2021of FY22.

Consolidated Financial Highlights

ParticularsQ2 FY22 Rs. in CroreQ1 FY22 Rs. in CroreChange Q-o-Q%Q2 FY21 Rs. in CroreChange        Y-o-Y%
Revenue1122.051206.87-7.03%1054.326.42%
EBIDTA173.20191.54-9.58%137.4725.99%
EBIDTA Margin (%)15.44%15.87%-43Bps13.04%240Bps
PAT85.9490.69-5.23%53.3261.18%
PAT Margin (%)7.66%7.51%15Bps5.06%260Bps

On a standalone basis, for the second quarter ended 30th September, 2021, the Company reported aRevenue of ₹1004.92 crore, EBIDTA of ₹ 138.97 crore, PBT of ₹ 93.83 crore and PAT of ₹ 70.18 crore.

For the half year ended 30th September, 2021, the Company reported consolidated revenue of ₹ 2328.92 crore, EBIDTA of ₹ 364.74 crore, PBT of ₹ 239.29 crore and PAT of ₹ 176.63 crore.

For the half year ended 30th September, 2021, the Company reported standalone revenue of ₹ 2113.12 crore, EBIDTA of ₹ 304.02 crore, PBT of ₹ 203.88 crore  and PAT of ₹ 150.72 crore.

Commenting on the Company’s performance, Mr. Mahendra Nahata, the Managing Director said,“We had a strong quarter with growth in revenues, expansion in margins and robust cash generation as compared to Q2 FY 21. Our capacity utilisation remained at optimum level across all the manufacturing facilities. The opportunity landscape is poised to get better and HFCL continues to strengthen its customer value proposition with ever expanding bouquet of products and solutions and riding high on innovation and economies of scale with expanded capacities. ” Commenting further , he added, “Our conscious shift towards margin and cash flow accretive components of telecom products and capital efficient projects would continue to strengthen our profitability ratio while our holistic R&D focus would keep us ahead of the curve of technological advancements. The resilience and competitiveness of our teams, sustained strengthening of our organisational capabilities further fortifies the HFCL story ahead. ”

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