- Strong order book worth more than Rs.5300 crores
- Export increased by 167% in Q1FY23 compared to Q1FY22
- Gross margin increased to 25.31% in Q1FY23 compared to 24.09% in Q4FY22
- Share of product revenue rises to 59% in Q1FY23 compared to 49% in Q4FY22
HFCL Limited (“HFCL”), India’s leading technology enterprise with operations across manufacture of high-end telecom equipment, optical fiber and optical fiber cables and communication network solutions for Telcos, Railways and Defence sectors announced its un-audited financial results for the first quarter ended 30th June, 2022.
Revenue from operations declined 12.92% to Rs 1,051 crore from Rs 1,207 crore w.r.t same period a year ago. EBITDA was down 31.94% to Rs 130 crore from Rs 191 crore compared to corresponding period last year. EBITDA margin came at 12.37% down 345 Bps from 15.82%. PAT saw a substantial decline of 41.76% , it was Rs 53 crore from Rs 91 crore in Q1FY23.
For the first quarter ended 30th June, 2022, the Company reported on standalone basis, Revenue of Rs 951 crores, EBIDTA of Rs 106 crores, PBT of Rs 63 crores and PAT of Rs 48 crores.