HFCL delivers another quarter of healthy performance

HFCL delivers another quarter of healthy performance

Strategic highlights

·      Twin focus on execution and innovation fortifies current performance and future prospects

·      Capex projects across optical fibre, optical fibre cable and FTTH cable are headed towards on time commissioning, current capacity utilisations at optimal levels

·      Enquiry and order pipeline witnesses an uptick, outstanding order book of ₹ 5821.75 crore ensures sustainable  revenue visibility

Financial highlights

·      Q2FY22 Consolidated Revenue jumped  6.42% YoY and stood at ₹  1122.05 crore as compared to ₹ 1054.32 crore in Q2FY21

·      Consolidated EBIDTA stood at ₹ 173.20 crore in Q2FY22 as compared to ₹ 137.47 crore in Q2FY21;  EBIDTA margin improved from 13.04 % to 15.44 %YoY

·      Consolidated PAT grew to ₹ 85.94 crore as compared to ₹ 53.32 crore for Q2FY21, PAT margin improved to 7.66 % in Q2FY22 as compared to 5.06% in Q2FY21

New Delhi, 11th October, 2021: HFCL Limited, India’s leading technology enterprise engaged in manufacturing high end transmission and access equipment, optical fibre and optical fibre cables and creating communication networks for telecom service providers, Railways, Defence and Smart City & Surveillance Projects, has announced its unaudited financial results for the second quarter ended September 30, 2021 of FY22.

Consolidated Financial Highlights

Particulars

Q2 FY22

Rs. in Crore

Q1 FY22

Rs. in Crore

Change

Q-o-Q%

Q2 FY21

Rs. in Crore

Change

Y-o-Y%

Revenue

1122.05

1206.87

-7.03%

1054.32

6.42%

EBIDTA

173.20

191.54

-9.58%

137.47

25.99%

EBIDTA Margin (%)

15.44%

15.87%

-43Bps

13.04%

240Bps

PAT

85.94

90.69

-5.23%

53.32

61.18%

PAT Margin (%)

7.66%

7.51%

15Bps

5.06%

260Bps

On a standalone basis, for the second quarter ended 30th September, 2021, the Company reported a Revenue of ₹ 1004.92 crore, EBIDTA of ₹ 138.97 crore, PBT of ₹ 93.83 crore and PAT of ₹ 70.18 crore.

For the half year ended 30th September, 2021, the Company reported consolidated revenue of ₹ 2328.92 crore, EBIDTA of ₹ 364.74 crore, PBT of ₹ 239.29 crore and PAT of ₹ 176.63 crore.

For the half year ended 30th September, 2021, the Company reported standalone revenue of ₹ 2113.12 crore, EBIDTA of ₹ 304.02 crore, PBT of ₹ 203.88 crore and PAT of ₹ 150.72 crore.

Commenting on the Company’s performance, Mr. Mahendra Nahata, Managing Director, HFCL said, “We had a strong quarter with growth in revenues, expansion in margins and robust cash generation as compared to Q2 FY 21. Our capacity utilisation remained at optimum level across all the manufacturing facilities. The opportunity landscape is poised to get better and HFCL continues to strengthen its customer value proposition with ever expanding bouquet of products and solutions and riding high on innovation and economies of scale with expanded capacities.” Commenting further , he added, “Our conscious shift towards margin and cash flow accretive components of telecom products and capital efficient projects would continue to strengthen our profitability ratio while our holistic R&D focus would keep us ahead of the curve of technological advancements. The resilience and competitiveness of our teams, sustained strengthening of our organisational capabilities further fortifies the HFCL story ahead. ”

About HFCL

HFCL Limited (formerly Himachal Futuristic Communications Limited) is a leading technology enterprise engaged in manufacturing of high end Transmission and Access Equipment, Optical Fiber, Optical Fiber Cables (OFC) and is specialized in setting up modern communication network for Telecom Service Providers, Railways, Defence, Smart City and Surveillance projects.

The Company has state-of-the-art Optical Fiber and Optical Fiber Cable manufacturing facilities at Hyderabad, Optical Fiber Cable manufacturing plant in Goa and in its subsidiary i.e. HTL Limited at Chennai along with FRP Rod manufacturing facility in its subsidiary at Hosur. It also has a telecom equipment manufacturing facility at Solan.

The Company’s in-house Centre for Excellence in Research located at Gurgaon & Bengaluru along with invested R&D Houses and other collaborators at different locations in India and abroad, innovate futuristic range of technology products and solutions. Some of the newly developed products through R&D are Wi-Fi Systems, Unlicensed Band Radios, Switches, Electronic Fuses, Electro optic devices, Cloud Management Systems and Video Management Systems. There is a suite of products under development, which include Software Defined Radios, Routers, PON, Small cell and Macro cell for 5G, Intelligent Antenna Systems and Ground Surveillance Radars among others.

Visit www.hfcl.com for more information.

Strategic highlights

·      Twin focus on execution and innovation fortifies current performance and future prospects

·      Capex projects across optical fibre, optical fibre cable and FTTH cable are headed towards on time commissioning, current capacity utilisations at optimal levels

·      Enquiry and order pipeline witnesses an uptick, outstanding order book of ₹ 5821.75 crore ensures sustainable  revenue visibility

Financial highlights

·      Q2FY22 Consolidated Revenue jumped  6.42% YoY and stood at ₹  1122.05 crore as compared to ₹ 1054.32 crore in Q2FY21

·      Consolidated EBIDTA stood at ₹ 173.20 crore in Q2FY22 as compared to ₹ 137.47 crore in Q2FY21;  EBIDTA margin improved from 13.04 % to 15.44 %YoY

·      Consolidated PAT grew to ₹ 85.94 crore as compared to ₹ 53.32 crore for Q2FY21, PAT margin improved to 7.66 % in Q2FY22 as compared to 5.06% in Q2FY21

New Delhi, 11th October, 2021: HFCL Limited, India’s leading technology enterprise engaged in manufacturing high end transmission and access equipment, optical fibre and optical fibre cables and creating communication networks for telecom service providers, Railways, Defence and Smart City & Surveillance Projects, has announced its unaudited financial results for the second quarter ended September 30, 2021 of FY22.

Consolidated Financial Highlights

Particulars

Q2 FY22

Rs. in Crore

Q1 FY22

Rs. in Crore

Change

Q-o-Q%

Q2 FY21

Rs. in Crore

Change

Y-o-Y%

Revenue

1122.05

1206.87

-7.03%

1054.32

6.42%

EBIDTA

173.20

191.54

-9.58%

137.47

25.99%

EBIDTA Margin (%)

15.44%

15.87%

-43Bps

13.04%

240Bps

PAT

85.94

90.69

-5.23%

53.32

61.18%

PAT Margin (%)

7.66%

7.51%

15Bps

5.06%

260Bps

On a standalone basis, for the second quarter ended 30th September, 2021, the Company reported a Revenue of ₹ 1004.92 crore, EBIDTA of ₹ 138.97 crore, PBT of ₹ 93.83 crore and PAT of ₹ 70.18 crore.

For the half year ended 30th September, 2021, the Company reported consolidated revenue of ₹ 2328.92 crore, EBIDTA of ₹ 364.74 crore, PBT of ₹ 239.29 crore and PAT of ₹ 176.63 crore.

For the half year ended 30th September, 2021, the Company reported standalone revenue of ₹ 2113.12 crore, EBIDTA of ₹ 304.02 crore, PBT of ₹ 203.88 crore and PAT of ₹ 150.72 crore.

Commenting on the Company’s performance, Mr. Mahendra Nahata, Managing Director, HFCL said, “We had a strong quarter with growth in revenues, expansion in margins and robust cash generation as compared to Q2 FY 21. Our capacity utilisation remained at optimum level across all the manufacturing facilities. The opportunity landscape is poised to get better and HFCL continues to strengthen its customer value proposition with ever expanding bouquet of products and solutions and riding high on innovation and economies of scale with expanded capacities.” Commenting further , he added, “Our conscious shift towards margin and cash flow accretive components of telecom products and capital efficient projects would continue to strengthen our profitability ratio while our holistic R&D focus would keep us ahead of the curve of technological advancements. The resilience and competitiveness of our teams, sustained strengthening of our organisational capabilities further fortifies the HFCL story ahead. ”

About HFCL

HFCL Limited (formerly Himachal Futuristic Communications Limited) is a leading technology enterprise engaged in manufacturing of high end Transmission and Access Equipment, Optical Fiber, Optical Fiber Cables (OFC) and is specialized in setting up modern communication network for Telecom Service Providers, Railways, Defence, Smart City and Surveillance projects.

The Company has state-of-the-art Optical Fiber and Optical Fiber Cable manufacturing facilities at Hyderabad, Optical Fiber Cable manufacturing plant in Goa and in its subsidiary i.e. HTL Limited at Chennai along with FRP Rod manufacturing facility in its subsidiary at Hosur. It also has a telecom equipment manufacturing facility at Solan.

The Company’s in-house Centre for Excellence in Research located at Gurgaon & Bengaluru along with invested R&D Houses and other collaborators at different locations in India and abroad, innovate futuristic range of technology products and solutions. Some of the newly developed products through R&D are Wi-Fi Systems, Unlicensed Band Radios, Switches, Electronic Fuses, Electro optic devices, Cloud Management Systems and Video Management Systems. There is a suite of products under development, which include Software Defined Radios, Routers, PON, Small cell and Macro cell for 5G, Intelligent Antenna Systems and Ground Surveillance Radars among others.

Visit www.hfcl.com for more information.