The company recorded a strong order book worth more than Rs 5,000 crore in the quarter
HFCL on Wednesday revealed that its PAT margin has increased to 7.18 per cent in Q2 FY23 compared to 5.05 per cent in Q1 FY23. The company has posted a revenue growth of 11.65 per cent in its Q2 FY23 quarter-on-quarter (QoQ) and 4.58 per cent year-on-year (YoY).
HFCL’s EBIDTA in Q2 FY23 grew by 34.57 per cent QoQ and by 0.81 per cent YoY. And its exports revenue in the quarter grew by 4.41 per cent QoQ and by 88.66 per cent YoY. Revenue from Products segment in Q2 FY 23 stands at 57 per cent compared to 45 per cent in Q2 FY22. The company recorded a strong order book worth more than Rs 5,000 crore.
In a statement, Mahendra Nahata, Managing Director, HFCL said, “We continue to see strong response in key global markets like Europe, Africa and Middle East, thereby making us optimistic about doubling our exports to Rs 750 crore by end of FY23. We have also committed an investment of Rs 425 crore on R&D and creation of facilities to manufacture telecom equipment under the Government’s PLI/DLI scheme.”
For the half year ended 30th September, 2022, the Company reported consolidated revenue of Rs 2,224 crore, EBIDTA of Rs 304 crore, PBT of Rs 185 crore and PAT of Rs 137 crore.