HFCL Q2 PAT jumps 61 per cent YoY to Rs 85.94 crore; will it outperform on Tuesday?

EBIDTA margin improved from 13.04 per cent to 15.44 per cent YoY.

HFCL Limited, India’s leading technology enterprise engaged in manufacturing high-end transmission & access equipment, optical fibre as well as optical fibre cables along with 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.  

In Q2FY22, its consolidated revenue rose by 6.42 per cent YoY and stood at Rs 1,122.05 crore as compared to Rs 1,054.32 crore in Q2FY21. Consolidated EBIDTA stood at Rs 173.20 crore in Q2FY22 as compared to Rs 137.47 crore in Q2FY21; EBIDTA margin improved from 13.04 per cent to 15.44 per cent YoY. Consolidated PAT grew to Rs 85.94 crore as compared to Rs 53.32 crore for Q2FY21 while PAT margin improved to 7.66 per cent in Q2FY22 as compared to 5.06 per cent in Q2FY21.  

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 while outstanding order book of Rs 5,821.75 crore ensures sustainable revenue visibility.  

The stock plunged nearly 11 per cent soon after announcing its Q1FY22 earnings. Meanwhile, the stock is up by over 200 per cent on a YTD basis.