HFCL Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 01, 2024 at 07:21 am
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HFCL Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 10,323.1 million compared to INR 10,858.4 million a year ago. Revenue was INR 10,790.3 million compared to INR 11,101.7 million a year ago. Net income was INR 822.4 million compared to INR 961.3 million a year ago. Basic earnings per share from continuing operations was INR 0.58 compared to INR 0.69 a year ago. Diluted earnings per share from continuing operations was INR 0.58 compared to INR 0.69 a year ago.
For the nine months, sales was INR 31,389.9 million compared to INR 33,103.3 million a year ago. Revenue was INR 32,160.5 million compared to INR 33,437.7 million a year ago. Net income was INR 2,197.5 million compared to INR 2,291.5 million a year ago. Basic earnings per share from continuing operations was INR 1.57 compared to INR 1.66 a year ago. Diluted earnings per share from continuing operations was INR 1.57 compared to INR 1.66 a year ago.
HFCL Limited is an India-based global technology company. The Company is a telecom infrastructure enabler, which is focused on telecom infrastructure development, system integration, and manufacturing and supply of telecom equipment, optical fiber and optic fiber cable (OFC). The Company provides turnkey solutions to telecom service providers, railways, defense, smart city and surveillance projects. Its segments include Telecom Products, Turnkey Contracts and Services, and Other. Its products include optical fiber and cables, such as optic fiber, micro cable, micro module cable, aerial cable, armored cable, unarmored cable, FTTH cable and passive connectivity solutions; telecom equipment, such as indoor and outdoor Wi-Fi 5 and 6 access point, ethernet L2/L3 switches, point to point unlicensed band radios and cloud based network management system, and electronics, such as electro optical devices, electronic fuses, VMS and video analytics and high-capacity radio relay.