HFCL Q3 net profit surges 25% to Rs 102 crore; revenue at 1,086 crore

Domestic telecom gear maker HFCL Limited on Monday posted a 25.3 per cent year-on-year rise in consolidated net profit for the December 2022 quarter at Rs 102 crore.

Its net profit stood at Rs 81 crore in the corresponding period of previous year, according to a company statement.

Revenue came in at Rs 1,086 crore for Q3 FY23, falling 10.6 per cent over the year-ago period.

HFCL Managing Director Mahendra Nahata said over the last few quarters, despite the global supply chain disruptions, the company continued to demonstrate strong business performance with strategy to tap into new geographies, new customers with new products and shift in revenue mix from projects to more of products which resulted in sustainable revenue and margin expansion.