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