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HFCL Ltd Q3FY21 consolidated PAT climbs to Rs. 82.24 crore

Posted On: 2021-01-14 05:41:45 (Time Zone: Arizona, USA)


HFCL Ltd. has reported financial results for the period ended December 31, 2020.

Financial Results (Q3 FY20-21) - QoQ Comparison

The company has reported total income of Rs.1281.45 crores during the period ended December 31, 2020 as compared to Rs.1058.54 crores during the period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.82.24 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.51 crores for the period ended September 30, 2020.

The company has reported EPS of Rs.0.64 for the period ended December 31, 2020 as compared to Rs.0.40 for the period ended September 30, 2020.

FinancialsQ3 FY20-21Q2 FY20-21% Change
Total Income₹ 1281.45 crs₹ 1058.54 crsUp Tick 21.06%
Net Profit₹ 82.24 crs₹ 51 crsUp Tick 61.25%
EPS₹ 0.64₹ 0.40Up Tick 60%

Financial Results (Q3 FY20-21) - YoY Comparison

The company has reported total income of Rs.1281.45 crores during the period ended December 31, 2020 as compared to Rs.862.31 crores during the period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.82.24 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.46.08 crores for the period ended December 31, 2019.

The company has reported EPS of Rs.0.64 for the period ended December 31, 2020 as compared to Rs.0.36 for the period ended December 31, 2019.

FinancialsQ3 FY20-21Q3 FY19-20% Change
Total Income₹ 1281.45 crs₹ 862.31 crsUp Tick 48.61%
Net Profit₹ 82.24 crs₹ 46.08 crsUp Tick 78.47%
EPS₹ 0.64₹ 0.36Up Tick 77.78%

Financial Results (9 Months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.3043.69 crores during the 9 months period ended December 31, 2020 as compared to Rs.3192.92 crores during the 9 months period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.154.33 crores for the 9 months period ended December 31, 2020 as against net profit / (loss) of Rs.221.47 crores for the 9 months period ended December 31, 2019.

The company has reported EPS of Rs.1.21 for the 9 months period ended December 31, 2020 as compared to Rs.1.72 for the 9 months period ended December 31, 2019.

Financials9 Months ended FY20-219 Months ended FY19-20% Change
Total Income₹ 3043.69 crs₹ 3192.92 crsDown Tick -4.67%
Net Profit₹ 154.33 crs₹ 221.47 crsDown Tick -30.32%
EPS₹ 1.21₹1.72Down Tick -29.65%

Commenting on the performance, Mr. Mahendra Nahata, the Managing Director said, "We are pleased to share continued progress on our efforts, as reflected in the accelerating topline growth and consistently improving margins & profitability. Our team's R&D efforts on constant innovation, fortitude to pursue growth even amid the challenges of the pandemic, and solid trust of our customers have been core drivers of our success. We have a robust order book of ~7,313 crore with an attractive pipeline ahead, and we are seeing good opportunities for our 100% indigenously designed & developed products that has application across industries like telecom, railways and defence.

Our outlook is very optimistic given the demand we are seeing for optical fiber cables and FTTH, not just in India but also from exports. Transformational projects like PM-WAN/ when viewed in conjunction with BharatNet, and add to that, the upcoming SG rollout, all this will significantly boost the Company's prospects. With the commencement of our latest FTTH facility in Hyderabad in Q3FY21, we have become the largest FTTH Cable Manufacturer in the Country and currently, we are expanding this capacity further in next few quarters. With the focus on expanding our product portfolio and increasing exports of our "Made in India" offerings, we are excited about the growth trajectory going forward."

The Company sees India as the next innovation and manufacturing hub for telecom products. With SG implementation coming up on the horizon in the Country, HFCL is geared to serve the next generation communication needs of customers in India and abroad.

Shares of HFCL LTD. was last trading in BSE at Rs.33.25 as compared to the previous close of Rs. 31.85. The total number of shares traded during the day was 2659299 in over 5527 trades.

The stock hit an intraday high of Rs. 33.65 and intraday low of 31.4. The net turnover during the day was Rs. 86749459.


Source: Equity Bulls

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