HFCL reports revenue at Rs1,119 crore in Q2FY23; Stock rises

19 Oct 2022 , 01:11 PM

HFCL Limited has announced its un-audited financial results for the second quarter and half year ended September 30, 2022.

Key Highlights:

• 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 Q2 FY 23 compared to 5.05% in Q1 FY 23
• Exports revenue in Q2FY23 grew by 4.41% qoq and by 88.66% yoy
• Revenue from Products segment in Q2 FY 23 stands at 57% compared to 45% in Q2 FY22
• Strong order book worth more than Rs5000 crore

For the half year ended September 30, 2022, the Company reported consolidated revenue of Rs2224 crore, EBIDTA of Rs304 crore, PBT of Rs185 crore and PAT of Rs137 crore.

For the second quarter ended September 30, 2022, on standalone basis, the Company reported, Revenue of Rs1119 crore, EBIDTA of Rs149 crore, PBT of Rs102 crore and PAT of Rs76 crore compared to Revenue of Rs951 crore, EBIDTA of Rs106 crore, PBT of Rs63 crore and PAT of Rs48 crore in Q1 FY23.

For the half year ended 30th September, 2022, the Company reported standalone revenue of Rs2071 crore, EBIDTA of Rs255 crore, PBT of Rs166 crore and PAT of Rs124 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”.

At around 1:06 PM, HFCL Ltd is currently trading at Rs75.60 per share up by Rs0.05 or 0.07% from its previous closing of Rs75.55 per share on the BSE.