Telecommunications equipment company HFCL Ltd. declares Q3FY22 result : Q3FY22 Consolidated Revenue stands at Rs 1215.21 crore, as compared to Rs 1122.05 crore in Q2 FY22 and Rs 1277.48 crore in Q3 FY21 Q3 FY22 Consolidated EBIDTA stands at Rs 174.56 crore as compared to Rs 173.20 crore in Q2 FY22 and Rs 176.53 crore in Q3 FY21; EBIDTA margin stands at 14.32% as compared to 15.42% in Q2 FY22 and 13.78% in Q3 FY21. Q3 FY22 Consolidated PAT stands at Rs 81.10 crore as compared to Rs 85.94 crore in Q2 FY22 and Rs 85.11 crore in Q3 FY21, PAT margin stands at 6.67 % as compared to 7.66% in Q2 FY22 and 6.66% in Q3 FY21. Commenting on the Company’s performance, Mr. Mahendra Nahata, Managing Director, HFCL said, “Although the demand in the economy is coming back gradually, we had a strong quarter with growth in revenues. The margins during the quarter got slightly impacted followed by increased logistic costs and increase in fiber and semi-conductor prices. In order to expand capacities and build network solution capabilities to tap the upcoming opportunities in Telecom and Defence sectors, the Company has raised Rs 600 crores via QIP and I am thankful to all the investors for their overwhelming support and faith posed in HFCL’s long term growth strategy. We are also well on track to shift our revenue mix from more of EPC to more of products and looking for significant growth in coming years. The Company is also constantly working on expanding its global market access and appointed global leaders in US and Europe to boost its OFC and Telecommunication product sales.” He further added that “The Board has considered and approved the Company’s plan for expansion of Fiber manufacturing capacities from 10mn fkm p.a. to 22 mn fkm p.a. and consolidated OFC manufacturing capacities from 24.75 mn fkm p.a. to 34.75 mn fkm p.a. with an overall capital outlay of ~Rs.425 crores. We remain optimistic about the outlook of the sector. The Government’s approval for our PLI scheme candidature will help us in improving our competitiveness, collaborate with new players and venture into new geographies.” Mr. Nahata further added, “HFCL has secured approval from NSCS as a ‘Trusted Source’ and we are fully committed to continue serving our TSP partners. The development will lead to cement HFCL’s position further in the Telecom sector thereby amplifying the growth opportunities for HFCL. Our inclusion in the select list as one of the trusted sources, is a distinguished achievement and reinforces our commitment to delivering Make in India world-class products/solutions and contribute to our Hon’ble PM’s vision of an Atmanirbhar Bharat.” Result PDF
Financial highlights: Q2FY22 Consolidated Revenue jumped 6.42% YoY and stood at Rs 1122.05 crore as compared to Rs 1054.32 crore in Q2FY21 Consolidated EBIDTA stood at Rs 173.20 crore in Q2FY22 as compared to Rs 137.47 crore in Q2FY21; EBIDTA margin improved from 13.04 % to 15.44 %YoY Consolidated PAT grew to Rs 85.94 crore as compared to Rs 53.32 crore for Q2FY21, PAT margin improved to 7.66 % in Q2FY22 as compared to 5.06% in Q1FY22 On a standalone basis, for the second quarter ended 30th September, 2021, the Company reported a Revenue of, Rs 1004.92 crore, EBIDTA of, Rs 138.97 crore, PBT of, Rs 93.83 crore and PAT of, Rs 70.18 crore . For the half year ended 30th September, 2021, the Company reported consolidated revenue of, Rs 2328.92 crore, EBIDTA of, Rs 364.74 crore, PBT of, Rs 239.29 crore and PAT of, Rs 176.63 crore. For the half year ended 30th September, 2021, the Company reported standalone revenue of , Rs 2113.12 crore, EBIDTA of, Rs 304.02 crore, PBT of, Rs 203.88 crore and PAT of, Rs 150.72 crore. Commenting on the Company's performance, Mr. Mahendra Nahata, the Managing Director said, "We had a strong quarter with growth in revenues, expansion in margins and robust cash generation as compared to Q2 FY 21. Our capacity utilisation remained at optimum level across all the manufacturing facilities. The opportunity landscape is poised to get better and HFCL continues to strengthen its customer value proposition with ever expanding bouquet of products and solutions and riding high on innovation and economies of scale with expanded capacities. Commenting further , he added, "Our conscious shift towards margin and cash flow accretive components of telecom products and capital efficient projects would continue to strengthen our profitability ratio while our holistic R&D; focus would keep us ahead of the curve of technological advancements. The resilience and competitiveness of our teams, sustained strengthening of our organisational capabilities further fortifies the HFCL story ahead." Result PDF