HFCL slumps after Q4 PAT tumbles 23% YoY to Rs 65 cr

2 May 2022 , 10:16 AM

Net sales in the fourth quarter stood at Rs 1,182.98 crore, down 15% from Rs 1,391.40 crore reported in the same period last year.

Profit before tax slumped 21.1% to Rs 93.35 crore in Q4 March 2022 as against Rs 118.24 crore in Q4 March 2021. The profitability was dented after the company reported a 12.5% increase in total expenses to Rs 1,058.88 crore in quarter ended March 2022 as compared to the previous quarter last year.

On a full year basis, the company reported a 32.33% jump in net profit to Rs 325.86 crore on a 6.87% rise in revenue from operations to Rs 4,727.11 crore in FY22 over FY21.

EBIDTA spiked by 18.46% to Rs 693 crore during the financial year 2022 from Rs 584 crore in financial year 2021. The EBIDTA margin improved to 14.66% in FY22 as against 13.21% in FY21. The PAT margin was at 6.90% in FY22 as compared to 5.56% in FY21.

Commenting on the companys Q4 performance, Mahendra Nahata, the managing director (MD) of HFCL said, Our consistent performance in spite of uncertainties on account of geopolitical conflict, supply chain constraints, increased input cost, and pandemic related volatilities reflects the resilience of our business model and steady strengthening of our growth foundation. Steady technological strides, capacity additions, portfolio expansion and fiscal prudence add predictability to our performance, as evident in aur performance numbers.

He further added, ?Reflecting on the way ahead, he added, being one of the leader in Indian telecom equipment and cable manufacturing as well as network implementation, HFCL is moving ahead with another round of CAPEX of Rs 425 crore, a healthy pipeline of next-gen products and solutions, accelerated stance of technological and R&D alliances and partnerships and resolute deepening and widening of its global footprints.

Meanwhile, the board of directors recommended a dividend of Rs 0.18 per share for the financial year ended 31 March 2022.

HFCL is a leading 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 defence.

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