HFCL has announced its financial results for the quarter ended (QE) September 2021. The company’s consolidated net profit increased from Rs 533.2 million during the QE September 2020 to Rs 859.4 million during the QE September 2021, reporting a year-on-year (YoY) increase of 61.18 per cent.

Further, HFCL’s total revenue increased from Rs 10.54 billion to Rs 11.22 billion during the same period, reporting an increase of 6.42 per cent. Meanwhile, the company’s earnings before interest, taxes, depreciation and amortisation (EBITDA) increased from Rs 1.37 billion during the QE September 2020 to Rs 1.73 billion during the QE September 2021.

Commenting on the Company’s performance, Mr. Mahendra Nahata, Managing Director, HFCL 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. ”

Strategic highlights

  • Twin focus on execution and innovation fortifies current performance and future prospects
  • Capex projects across optical fibre, optical fibre cable and FTTH cable are headed towards on time commissioning, current capacity utilisations at optimal levels
  • Enquiry and order pipeline witnesses an uptick, outstanding order book of Rs 58.22 billion ensures sustainable revenue visibility

Commenting on the company’s performance, Mahendra Nahata, managing director, HFCL 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.” 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.”