HFCL Q3 net profit falls 12% YoY to Rs 72 crore
HFCL Monday reported an 11.95% year-on-year fall in its consolidated profit after tax (PAT) to Rs 72.58 crore in Q3FY25. The company had posted a consolidated PAT of Rs 82.43 crore in the corresponding quarter of the previous fiscal year (Q3FY24).
HFCL’s consolidated revenue fell by 1.97% on-year to Rs 1,011.95 crore in the reporting quarter, compared to Rs 1,032.31 crore in Q3FY24. The consolidated revenue, however, declined strongly at 7.47% on-quarter.
“On a standalone basis, the company reported quarterly revenue of Rs 960.94 crore, EBIDTA (earnings before interest, depreciation, taxes, and amortisation) of Rs 165.68 crore, PBT (profit before tax) of Rs 106.87 crores and PAT of Rs 78.48 crore,” the vendor said in its earnings statement.
Mahendra Nahata, Managing Director of HFCL, said that despite a dynamic and challenging market environment, HFCL demonstrated resilience with a stable quarterly performance.
“The recent BharatNet order wins are a testament to our expertise in strengthening India’s digital infrastructure, reinforcing our position as a trusted technology partner in the Country’s broadband revolution,” Nahata said.
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