Telecom cables firm HFCL announced Q3FY23 results: Q3FY23: PAT stood at Rs 102 crore in Q3FY23 grew by 20.53% QoQ and 25.30% YoY. PAT margin increased to 9.36% in Q3FY23 compared to 7.18% in Q2FY23. EBIDTA margin in Q3FY23 stood at 17.80% as compared to 14.36% in Q3FY22. Exports revenue in Q3FY23 grew by 19.42% QoQ and by 140.38% YoY. Revenue from products segment in Q3FY23 stands at 64% compared to 42% in Q3FY22 Strong order book worth more than Rs 7,000 crores Commenting on the Company’s performance, Mr. Mahendra Nahata, Managing Director, HFCL said, “Over the last few quarters, despite the supply chain disruptions witnessed across the globe, we have continued to demonstrate strong business performance with our strategy to tap into new geographies, new customers with new products and shift in revenue mix from Projects to more of Products which has resulted into sustainable revenue and margin expansion. Besides, HFCL’s industry leadership in Optical Fiber Cable space in India, it has further intensified its efforts to strengthen the Global footprints leading to significant order wins from Europe. Our 9MFY23 export revenue grew by 127.53% on YoY basis and we are optimistic to continue with the same trend in coming quarters by accessing more geographies. Our order book stood more than Rs 7000 crores as on Q3FY23 compared to Rs 5280 crores in the previous quarter.” Mr. Nahata further added, “HFCL has been granted approval to avail incentives up to Rs 652.79 crore from FY23 to FY27 as part of Government’s production-linked incentive (PLI) scheme, wherein, we committed an investment of Rs 425 crore over a period of four years for the development and manufacturing of telecom products including 5G Radio equipment, Routers, Switches, WiFi Products and Backhaul Radios. FY24 will see us continue on our strategic transformation to emerge as a high-tech global enterprise and integrated next-gen network solution provider.” Result PDF
Telecom cables company HFCL announced Q2FY23 results: Revenue in Q2FY23 grew by 11.65% QoQ and by 4.58% YoY EBIDTA in Q2FY23 grew by 34.57% QoQ and by 0.81% YoY PAT margin increased to 7.18% in Q2FY23 compared to 5.05% in Q1FY23 Exports revenue in Q2FY23 grew by 4.41% QoQ and by 88.66% YoY Revenue from the products segment in Q2FY23 stands at 57% compared to 45% in Q2FY22 Strong order book worth more than Rs 5000 crore Consolidated (H1FY23): The company reported consolidated revenue of Rs 2224 crore, EBIDTA of Rs 304 crore, PBT of Rs 185 crore and PAT of Rs 137 crore Standalone: Q2FY23: The company reported, a revenue of Rs 1119 crore, EBIDTA of Rs 149 crore, PBT of Rs 102 crore and PAT of Rs 76 crore compared to revenue of Rs 951 crore, EBIDTA of Rs 106 crore, PBT of Rs 63 crore and PAT of Rs 48 crore in Q1FY23 H1FY23: The company reported a standalone revenue of Rs 2071 crore, EBIDTA of Rs 255 crore, PBT of Rs 166 crore and PAT of Rs 124 crore Commenting on the Company’s performance, Mahendra Nahata, Managing Director, HFCL said, “On the backdrop of easing supply chain disruptions and improvement in input costs, we have been able to demonstrate healthy growth in our revenue and margins over last quarter. With the leap in technology, higher backward integration, capacity expansion in OFC business, production of next-gen equipment and expanding global footprints, we are well on our mission to transform as a technology-driven enterprise that innovates and manufactures for both domestic and global markets with an aim to become a Product led global player in Optic Fiber Cables and telecom equipment and solutions”. Nahata further added, “We have further strengthened our R&D; initiatives and 5G product portfolio and launched World’s first open standard Wi-Fi 7 Access Points, 8T8R Macro Radio units and 5G Lab-as-a-Service. Backed by our portfolio of indigenous futuristic products & solutions, our share of exports to revenues has improved to 16.38% in Q2 FY23 as compared to 9.08% in Q2 FY22. We continue to see strong response in key global markets like Europe, Africa and Middle East, thereby making us optimistic about doubling our exports to Rs 750 crores by end of FY23. We have also committed an investment of Rs 425 crores on R&D; and creation of facilities to manufacture telecom equipment under the Government’s PLI/DLI scheme” Result PDF