HFCL has released its consolidated financial results for quarter ended (QE) December 31, 2024. As per the company, its revenue stood at Rs 10.11 billion in third quarter (Q3) of financial year 2024-25 (FY25) as compared to Rs 10.32 billion in Q3 FY24, showing a decline of 1.97 per cent year-on-year (YoY).
Meanwhile, the company’s consolidated earnings before interest, tax, depreciation and amortisation (EBITDA) was Rs Rs 1.71 billion as compared to Rs 1.63 billion, depicting a 5.16 per cent YoY growth in the reported period. Company’s profit after tax (PAT) declined to Rs 0.72 billion from Rs 0.82 billion, representing a decline of 11.95 per cent YoY.
On a standalone basis, the company reported quarterly revenue of Rs 9.60 billion, EBIDTA of Rs 1.65 billion, profit before tax (PBT) of Rs 1.06 billion and PAT of Rs 0.78 billion.
Commenting on the results, Mahendra Nahata, managing director, HFCL, said, “Despite a dynamic and challenging market environment, HFCL has demonstrated resilience with a stable quarterly performance. Our unwavering commitment to innovation and strategic growth continues to drive us forward. The recent BharatNet order wins are a testament to our expertise in strengthening India’s digital infrastructure, reinforcing our position as a trusted technology partner in the country’s broadband revolution. Additionally, the establishment of our new defense manufacturing unit in Hosur marks a significant milestone in our journey towards self-reliance in critical defense technologies. This step not only aligns with the ‘Make in India’ and ‘Atmanirbhar Bharat’ initiatives but also enhances our capability to contribute to national security.”
