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HFCL order book stands at Rs 7000 crores

HFCL has announced its Audited Financial results for the fourth quarter and year ended 31st March, 2023.

Commenting on the Company’s performance, Mr. Mahendra Nahata, Managing Director, HFCL, said, “Amidst the global economic challenges India remains a promising economy and is expected to emerge the fastest-growing in the world. Our Company has also been able to withstand the economic challenges and has shown sturdy performance in FY 22-23. The Company remains focussed on its strategy of increasing revenue from margin accretive products, expansion of capacities coupled with high-level backward integration, huge impetus on R&D, increased customer base and geographical expansion. During FY23 we have significantly increased revenues from international business to Rs.817 crores from Rs 363 crores in FY22 witnessing a growth of 125% on a Y-o-Y basis. Our continued focus on creating and expanding capacities and tapping new geographies has not only led to an increase in the share of product revenue to 56% in FY23 as compared to 43% in FY22 but also resulted into increased share of revenue from private customers to 83% in FY23 from 68% in FY22. We believe that our strategic initiatives will position us well for long-term success.”

He further added that “The Company is expanding its optic fibre capacity from existing 10mn fkm to 25mn fkm and optic fibre cable capacity from 25mn fkm to 35mn fkm by FY25. The Company is simultaneously developing various 5G Radio Access Network Products, Transport products and broadband wireless products which are expected to be launched during the current financial year. These initiatives will not only add to the revenue but will also increase profitability of the Company significantly. We are excited about the future of HFCL and look forward to continuing our commitment to delivering innovative communication solutions that connect people and business worldwide.”

Consolidated Financial Highlights – FY23

Particulars

FY23

₹. in Crs

FY22

₹. in Crs

Change Y-o-Y

%

Revenue

4,743

4,727

0.34%

EBIDTA

665

692

-3.91%

EBIDTA Margin (%)

14.04%

14.66%

-62Bps

PAT

317

326

-2.50%

PAT Margin (%)

6.70%

6.89%

-19Bps

For the financial year ended 31st March, 2023, the Company reported on standalone basis, Revenue of ₹ 4396 Cr, EBIDTA of ₹ 516 Cr, PBT of ₹ 342 Cr, and PAT of ₹ 255 Cr.

Consolidated Financial Highlights – Q4FY23

Particulars

Q4FY23

₹. in crores

Q3FY23

₹. in crores

Change Q-o-Q %

Q4FY22

₹. in crores

Change Y-o-Y %

Revenue

1433

1086

31.97%

1183

21.13%

EBIDTA

168

194

-13.01%

154

9.43%

EBIDTA

11.74%

17.80%

-606Bps

12.99%

-125Bps

Margin (%)

 

 

 

 

 

PAT

79

102

-22.57%

68

15.49%

PAT Margin (%)

5.49%

9.36%

-387Bps

5.76%

-27Bps

On standalone basis, the Company reported a quarterly Revenue of ₹ 1323 Cr, EBIDTA of ₹ 114 Cr, PBT of ₹ 69 Cr, and PAT of ₹ 51 Cr.

CT Bureau

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