HFCL Q2 profit up 61% to Rs 86 crore; revenue up 6.4% to Rs 1,122 crore

Domestic telecom gear maker HFCL on Monday posted a 61.18 per cent jump in its consolidated net profit to Rs 85.94 crore in the September quarter.

The company had posted a profit of Rs 53.32 crore in the corresponding period a year ago.

The consolidated revenue of HFCL during the second quarter of FY22 increased by 6.42 per cent to Rs 1,122.05 crore from Rs 1,054.32 crore in the year-ago period.

“There was a strong order book during the quarter. Our capacity utilisation remained at optimum level across all the manufacturing facilities especially fibre optic cables and optical fibre plants. Timely execution of the projects added to the growth during the quarter,” HFCL Managing Director Mahendra Nahata told PTI.