HFCL Ltd has announced its financial results for Q3FY21. The company’s consolidated net profit increased from Rs 455.8 million in the quarter ended December 2019 to Rs 851 million in the quarter ended December 2020, recording a year on year rise of nearly 87 per cent.
This growth in net profits was backed by strong demand for optical fibre cables, FTTH as well as momentum in transformational projects, and 5G prospects.
Meanwhile, HFCL’s total income increased by 48.6 per cent on YoY basis and stood at Rs 12.81 billion for Q3FY21.
Moreover, the company had a robust order book of Rs 73.13 billion and has great prospects ahead for its indigenously designed and developed products that have application across industries like telecom, railways and defence.
