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HFCL Ltd Q2FY24; 17% fall in Profits

HFCL Ltd (Himachal Futuristic Communications Limited) is a diverse telecom infrastructure enabler with active interest spanning telecom infrastructure development, system integration, and manufacture and supply of high end telecom equipment, Optical Fiber and Optic Fiber Cable (OFC).

Financial Results:

  • HFCL Ltd reported Revenues for Q2FY24 of ₹1,111.00 Crores down from ₹1,173.00 Crore year on year, a fall of 5.29%.
  • Total Expenses for Q2FY24 of ₹1,035.00 Crores down from ₹1,055.00 Crores year on year, a fall of 1.9%.
  • Consolidated Net Profit of ₹70.00 Crores down 16.67% from ₹84.00 Crores in the same quarter of the previous year.
  • The Earnings per Share is ₹0.49, down 16.95% from ₹0.59 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.
*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: Telecom
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