Home / Business and Economy / HFCL Ltd. Profit Soars 11% on Earnings Turnaround
HFCL Ltd. Profit Soars 11% on Earnings Turnaround
30 Apr
Summary
- HFCL Ltd. reported a net profit of ₹178.5 crore in Q4, a significant increase from last year's loss.
- Revenue more than doubled year-on-year to ₹1,824 crore from ₹800.7 crore.
- EBITDA improved to ₹315 crore, a substantial rise from a loss of ₹36 crore previously.
HFCL Ltd., a telecom equipment maker, has reported a significant turnaround in its financial performance for the fourth quarter. The company swung to a net profit of ₹178.5 crore, a stark contrast to the ₹81.4 crore loss recorded in the corresponding period of the previous year.
This positive earnings report led to a notable surge in HFCL's share price, which climbed as much as 11% on Thursday, April 30. The company's revenue also saw substantial growth, more than doubling year-on-year to ₹1,824 crore from ₹800.7 crore.
Furthermore, HFCL's operational performance showed marked improvement. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) stood at ₹315 crore, a significant recovery from the EBITDA loss of ₹36 crore reported a year prior.
