NEW DELHI:
HFCL Limited, India’s leading technology enterprise engaged in the manufacture of high- end telecom equipment, optical fibre and optical fibre cables and creating communication network for telecom service providers, Railways and Defence services announced its audited financial results for the fourth quarter and financial year ended 31 st March, 2021.
On standalone basis, the Company reported a quarterly Revenue of ₹1,276.94 cr, EBIDTA of ₹ 165.16 cr, PBT of ₹109.25 cr, Tax of ₹ 26.75 cr and PAT of ₹ 82.50 cr. For the financial year ended 31 st March, 2021, the Company reported on standalone basis, Revenue of ₹4,105.87 cr, EBIDTA of ₹ 501.84 cr, PBT of ₹ 295.87 cr, Tax of ₹ 73.01 cr and PAT of ₹ 222.86 cr. The Board of Directors has also recommended a Dividend of Re.0.15/- @ 15% per equity share of face value of Re.1/-each, for the financial year 2020-21.
Commenting on the Company’s performance, Mahendra Nahata, the Managing Director said, “We are pleased to share our continued progress, as reflected in our strong top line growth with consistent margins and profitability. Our R&D efforts for constant innovation, fortitude to pursue growth even amid the challenges of the Covid-19 pandemic and faith of our customers have been core drivers to our success. We have a strong order book of ₹ 6,875 crs with an attractive pipeline ahead. The Company’s emphasis is to design and develop new generation telecom and defence products by its own R&D, having promising opportunities across industries like telecom, railways and defence.
The Company’s outlook is very optimistic given the increasing demand for optical fiber cables and Telecom Equipment, not only in India but also from overseas market as shift to digital economy has accelerated globally. Apart, from this, the Company’s defence equipment initiative will contribute to Govt. of India’s emphasis on Make in India Program. With sharp focus on new products, new customers and new geographies, we are excited about the growth trajectory going forward. Transformational projects like PM-WANI when viewed in conjunction with BharatNet and added to that, the upcoming 5G opportunity will significantly boost the Company’s prospects. The Government’s policies such as PLI for telecom sector and boost to Make in India program will provide strong tailwinds to domestic telecom equipment manufacturing. The Company sees India as the next innovation and manufacturing hub for telecom products and HFCL is fully prepared to serve the needs of its customers in India and abroad.”
