HFCL LTD. has reported financial results for the period ended June 30, 2021.
Financial Results (Q1 FY 2021-22) - QoQ Comparison
The company has reported total income of Rs.1212.16 crores during the period ended June 30, 2021 as compared to Rs.1397.52 crores during the period ended March 31, 2021.
The company has posted net profit / (loss) of Rs.87.83 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.84.67 crores for the period ended March 31, 2021.
The company has reported EPS of Rs.0.68 for the period ended June 30, 2021 as compared to Rs.0.66 for the period ended March 31, 2021.
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| Total Income | ₹ 1212.16 crs | ₹ 1397.52 crs |  -13.26% | | Net Profit | ₹ 87.83 crs | ₹ 84.67 crs |  3.73% | | EPS | ₹ 0.68 | ₹ 0.66 | 3.03% |
Financial Results (Q1 FY 2021-22) - YoY Comparison
The company has reported total income of Rs.1212.16 crores during the period ended June 30, 2021 as compared to Rs.704.06 crores during the period ended June 30, 2020.
The company has posted net profit / (loss) of Rs.87.83 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.21.09 crores for the period ended June 30, 2020.
The company has reported EPS of Rs.0.68 for the period ended June 30, 2021 as compared to Rs.0.17 for the period ended June 30, 2020.
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| Total Income | ₹ 1212.16 crs | ₹ 704.06 crs | 72.17% | | Net Profit | ₹ 87.83 crs | ₹ 21.09 crs | 316.45% | | EPS | ₹ 0.68 | ₹ 0.17 | 300% |
On a standalone basis, for the first quarter ended 30th June, 2021, the Company reported a Revenue of Rs. 1,108.20 crore, EBIDTA of Rs. 165.05 crore, PBT of Rs. 110.05 crore, Tax of Rs. 29.51 crore and PAT of Rs. 80.54 crore.
Commenting on the Company's performance, Mr. Mahendra Nahata, the Managing Director said, "Our sturdy performance of Q1FY22 demonstrates the foundation and efficacy of our strategy towards growth that we have been working upon over the recent years. The fact that we could execute well across manufacturing and supplies, project implementation and capex plans, in spite of the upheaval caused by the second wave of the pandemic, is a testimony of commitment of our people.
Commissioning of a dedicated 5G R&D centre at Bengaluru, on the back of newly constituted 5G business division, launch of another PM WANI model village 'Baidebettu' in Karnataka, running of manufacturing capacities at an optimum level of efficiency, fast progress being made on recently announced CAPEX across all manufacturing locations, the healthy enquiry and order inflows from the domestic and international markets both - all these are indicative of a promising path ahead.
Our operating environment continues to brim with possibilities. Expansion of BharatNet, rapidly growing fiber to the home segment, PLI scheme, additional spectrum allocation to the telcos and approval for 5MHz 4G spectrum for Indian Railways will all amplify our opportunity spectrum. We are geared up to leverage these opportunities with our market leading products and solutions which continue to get sharper with an added edges of technological advancements and cost competitive manufacturing.
Our collaborative pursuit of new product development in key SG segments including SG Radio Access Network (RAN) and SG Transport equipment both for the Indian and international markets continues to make rapid progress. We stand well aligned with the India growth story with a sharper focus on technology indigenization and make in India for the world. The transformed HFCL that we have worked passionately and assiduously towards is ready to meet opportunities with preparation."
Shares of HFCL LTD. was last trading in BSE at Rs.88.95 as compared to the previous close of Rs. 84.75. The total number of shares traded during the day was 2082456 in over 11087 trades.
The stock hit an intraday high of Rs. 88.95 and intraday low of 81.85. The net turnover during the day was Rs. 178678052.
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