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HFCL registers twofold increase in consolidated PAT during QE June 2019

July 11, 2019
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Domestic telecom gear manufacturer Himachal Futuristic Communications Limited (HFCL) has reported over a twofold jump in its consolidated profit after tax (PAT), which stood at Rs 1.17 billion during the quarter ended (QE) June 2019. The company had posted a net profit of Rs 0.47 billion in the corresponding quarter during 2018.

Further, HFCL’s consolidated revenue from operations increased by 23 per cent from Rs 12.15 billion during the QE June 2018 to Rs 13.43 billion during the QE June 2019. The earnings before interest, taxes, depreciation and amortisation (EBITDA) for the company stood at Rs 1.94 billion.

As per HFCL, the all-round performance was powered by a change in revenue mix, accelerated project execution and efficiency.

The company is now focused on new products and technologies that would open additional growth avenues and ensure sustainability. Further, it will continue leveraging its strength in design, development and management of communication networks in newer application domains such as railways, defence and smart cities.

 
 
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