GOOD SHOW BY HFCL IN Q1-2018-19 LET US HOPE THAT NOW ITS PAST GLORY COMES BACK IN COMING MONTHS

Himachal Futuristic Communications Ltd.

The highlights of financial results are given below: 

1. HFCL delivers strong all round performance during Q1 of FY 2018-19: 

a. Revenue up by 23.48% to Rs.1032.30 crores from Rs.836.01 crores (Net of excise) in Q1 of FY 2017; 

b. EBIDTA Margin has increased to Rs.89.13 crores (8.63%) from Rs. 59.96 crores (7.18%) in Q1 of FY 2017; 

c. PST Margin has increased to Rs.70.14 crores (6.79%) from Rs.40.14 crores (4.81%) in Q1 of FY 2017; 

d. Tax Expense during quarter under review looks on the higher side as compared to Q4 of FY 17-18 due to tax benefits availed on some of the items on payment basis during that Quarter; 

e. Book value per equity share increased to Rs.10.15 (as on 30th June 2018 from Rs.9.81 as on 31st March 2018 . 

2. Robust Order book of more than Rs.8600 crores including Advance Purchase Orders worth Rs.2750 crores as on 30th JULY 2018. 

3. Post implementation of Expansion Programme, the annual capacity of Optical Fibre Cable manufacturing will increase by April 2019: a) From 8.4 Mn FKM to 15 Mn FKM on standalone basis; b) From 12 Mn FKM to 22 Mn FKM on consolidated basis (including capacity of subsidiaries)

4. Manufacturing of Optical Fibre (New Green Field Project) with annual capacity of 6.4 Mn FKM is expected to be operational by May 2019. This backward integration will enhance the overall operating margins of Optical Fibre Cable Manufacturing. 

5. Focused on delivering non-dilutive growth with sharp focus on improving Return on Equity and Free Cash Flow. 

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