HFCL records PAT of Rs 82 cr in Q2 FY23

19 Oct 2022 , 09:48 AM

Profit before tax stood at Rs 113.81 crore in Q2 FY23, down 1.2% from Rs 115.24 crore in the same period a year ago. Total expenses rose 5.66% to Rs 1,068.22 crore in Q2 FY23 over Q2 FY22. Cost of materials consumed stood at Rs 432.80 crore (down 24.46% YoY), employee benefits expenses was at Rs 89.73 crore (up 21.39% YoY) and other expenses stood at Rs 80.83 crore (up 29.27% YoY) during the period under review. HFCL is a technology enterprise engaged in manufacturing of high-end transmission and access equipment, optical fiber, optical fiber cables (OFC). It is specialized in setting up modern communication network for telecom service providers, railways and defense. Powered by Capital Market – Live News