HFCL announced results for third quarter and nine months ended 31st December, 2020
By Pinkerala News Desk | Jan 16, 2021
HFCL, India’s leading technology enterprise engaged in the manufacture of high-end telecom equipment, optical fiber and optical fiber cables and creating communication network for telecom service providers, Railways, Defence and Smart Cities & Surveillance projects, announced its unaudited financial results for the third quarter and nine months ended 31st December 2020.
For the nine months ended 31st December 2020, the Company reported Consolidated Revenue of ₹3,031.56 cr, EBIDTA of ₹ 397.94 cr, PBT of ₹ 218.62 cr and PAT of ₹ 159.77 cr.
On a standalone basis, the Company reported a quarterly Revenue of ₹1,188.89 cr, EBIDTA of ₹149.28 cr, PBT of ₹97.29 cr, Tax of ₹22.25 cr and PAT of ₹75.04 cr.
For the nine months ended 31st December 2020, the Company reported Revenue of ₹2,828.93 cr, EBIDTA of ₹336.68 cr, PBT of ₹186.62 cr, Tax of ₹46.26 cr and PAT of ₹140.36 cr on a standalone basis.
Commenting on the performance, Mr. Mahendra Nahata, the Managing Director said, “We are pleased to share continued progress on our efforts, as reflected in the accelerating topline growth and consistently improving margins & profitability. Our team’s R&D efforts on constant innovation, fortitude to pursue growth even amid the challenges of the pandemic, and solid trust of our customers have been core drivers of our success. We have a robust order book of ₹7,313 crores with an attractive pipeline ahead, and we are seeing good opportunities for our 100% indigenously designed & developed products that have applications across industries like telecom, railways and defense.
Our outlook is very optimistic given the demand we are seeing for optical fiber cables and FTTH, not just in India but also from exports. Transformational projects like PM-WANI when viewed in conjunction with BharatNet, and add to that, the upcoming 5G rollout, all will significantly boost the Company’s prospects. With the commencement of our latest FTTH facility in Hyderabad in Q3FY21, we have become the largest FTTH Cable Manufacturer in the Country and currently, we are expanding this capacity further in the next few quarters. With the focus on expanding our product portfolio and increasing exports of our “Made in India” offerings, we are excited about the growth trajectory going forward.”
The Company sees India as the next innovation and manufacturing hub for telecom products. With 5G implementation coming up on the horizon in the Country, HFCL is geared to serve the next generation communication needs of customers in India and abroad.
By Pinkerala | Feb 26, 2021SBI and Shapoorji Pallonji Real Estate sign MoU to offer a seamless home buying experience
By Pinkerala | Feb 26, 2021UPI AutoPay goes live on Gaana
By Pinkerala | Feb 26, 2021NSDC collaborates with SahiPay to Promote Digital Financial Literacy and Create Nano-Entrepreneurs
By Pinkerala | Feb 25, 2021