HFCL grows 23% in Q1FY 20

Himachal Futuristic Communications Limited (HFCL), a telecom infrastructure developer, system integrator and manufacturer of high-end telecom equipment and optical fibre cables released quarterly performance to start the financial year 2019-20 (FY20) on a high note.

The Company exceeds all previous quarterly performance benchmarks in Q1FY20 and has reported remarkable quarterly performance with the consolidated revenue Rs 1343 crs (+23%), EBIDTA Rs 194 crs (+104%), PBT Rs 157 crs(+116%) and PAT Rs 117 crs (+148%). The all-round performance was powered by change in revenue mix, accelerated project execution and efficiency improvement.

On standalone basis , the Company has achieved revenue of Rs 1201 crs (+16%), EBIDTA of Rs 164 crs(+84%), PBT of Rs 136 crs (+94%) and PAT of Rs 89 crs (+102%).