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Himachal Futuristic Communications Ltd

Himachal Futuristic Communications Limited (HFCL) Q2 FY15 PAT up by 37% to Rs. 68.94 cr; Net Sales Rises 29% to Rs. 650.58 cr

Oct 17, 2014   20:25 IST 
New Delhi, Delhi, India

Editor’s Synopsis

For the Quarter ended September 30, 2014:

  • Net Sales increased by 29% to Rs. 650.58 crore in Q2FY15 from Rs. 504.03 crore in Q2FY14  

 

  • EBIDTA increased by 37% to Rs. 86.14 crore in Q2FY15 from Rs. 62.65 crore in Q2FY14  

 

  • PAT up by 37% to Rs. 68.94 crore in Q2FY15 from Rs. 50.15 crore in Q2FY14  

 

  • Q2FY15 EPS stood at Rs. 0.55 as compared to Rs. 0.39 in Q2FY14 (up by 41%)

 

 

For the Half year ended September 30, 2014:

  • Net Sales increased by 67% to Rs. 1269.40 crore in H1FY15 from Rs.  762.36 crore in H1FY14  

 

  • EBIDTA increased by 95% to Rs. 173.91 crore in H1FY15 from Rs. 89.35 crore in H1FY14   

 

  • PAT up by 111% to Rs. 138.41crore in H1FY15 from Rs. 65.45 crore in H1FY14  

 

  • H1FY15 EPS stood at Rs. 1.10 as compared to Rs. 0.51 in H1FY14 (up by 116%)

 

 

Himachal Futuristic Communications Limited (HFCL), an integrated telecom solutions provider, today declared its Unaudited financial results for the second quarter and half year ended September 30, 2014.

 

Net profit for Q2FY15 stood at Rs. 68.94 crore, up by 37% as compared to Rs. 50.15 crore in the corresponding quarter of previous fiscal.

 

Revenues for the quarter ended September 30, 2014 stood at Rs. 650.58 crore, registering a jump of 29%, as compared to Rs. 504.03 crore in the corresponding quarter ended September 2013.

 

The Company’s earnings before interest, tax, depreciation and amortization (EBITDA) rose by 37% to Rs 86.14 crore during the latest quarter of current financial year.

 

Revenue for the half year ended September 30, 2014, grew by 67% to Rs. 1269.40 crore as compared to Rs. 762.36 crore in the corresponding period of last fiscal. EBITDA for the period under consideration (H1FY15) stood at Rs. 173.91 crore, up 95%.

 

Net profit during the H1FY15 witnessed a healthy growth of 111% to Rs. 138.41 crore as compared to Rs 65.45 crore in the corresponding period last year. Return to shareholders has further strengthened with Earnings per share (EPS) for the H1FY15 increasing to Rs.1.10 from Rs.0.51 compared to corresponding H1FY2014.

 

Commenting on the second quarter performance, Mr. Mahendra Nahata, Managing Director, Himachal Futuristic Communications Ltd., said “that the company posted a healthy growth during the quarter under review as compared to corresponding quarter in the previous year. Key drivers of such strong growth are substantial increase in the demand of Optical Fibre Cables and accelerated growth of data networks providing increased business opportunities to the Company.”

“The current order book coupled with upcoming opportunities provides fair visibility of consistent revenue in ensuing quarters,” he added.

 

About Himachal Futuristic Communications Ltd (www.hfcl.com):

Himachal Futuristic Communications Ltd. (BSE Scrip Code: 500183; NSE Symbol: HFCL) is engaged in manufacturing of telecom equipments and optical fibre cable, executing telecom turnkey contracts and providing services relating thereto.

 

Under the turnkey services, HFCL implements telecom projects for complete site infrastructure - such as feasibility study, network planning, designing, engineering, installation, system integration and commissioning of various telecom networks.

 

The Company has state-of-the-art telecom equipment manufacturing facilities at Solan, Himachal Pradesh (HP), and Optical Fibre Cable Manufacturing facilities at, Goa.

 

The Company has a country-wide footprint to reach every type of telecom customer for pre sales liaison, technical support, post sales warranty and AMC support.

 

For any information of this release, please contact:

Investor@hfcl.com


 
 
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