Himachal Futuristic Communications Limited (HFCL) has announced its audited financial results for the fourth quarter (Q4) financial year ended March 31, 2022.
On standalone basis, the company reported a quarterly revenue of Rs 10.66 billion, earning before interest depreciation tax and amortisation (EBIDTA) of Rs 1.28 billion, profit before tax (PBT) of Rs 830 million and profit after tax (PAT) of Rs 620 million.
For the financial year ended March 31, 2022, the company reported revenue of Rs 42.86 billion, EBIDTA of Rs 5.72 billion, PBT of Rs 3.82 billion and PAT of Rs 2.83 billion on standalone basis.
The Board of Directors has also recommended a dividend at 18 per cent, that is Rs 0.18 per equity share of face value of Rs 1 each, for the financial year 2021-22.
Commenting on the Q4 results, Mahendra Nahata, managing director, HFCL, said, “Our consistent performance in spite of uncertainties on account of geopolitical conflict, supply chain constraints, increased input cost, and pandemic related volatilities reflects the resilience of our business model and steady strengthening of our growth foundation. Steady technological strides, capacity additions, portfolio expansion and fiscal prudence adds predictability to our performance, as evident in our performance numbers. Being one of the leader in Indian telecom equipment and cable manufacturing as well as network implementation, HFCL is moving ahead with another round of capital expenditure (CAPEX) of Rs 4.25 billion, a healthy pipeline of next-generation products and solutions, accelerated stance of technological and research and development (R&D) alliances and partnerships and resolute deepening and widening of its global footprints.”
