HFCL Q2 outcomes: Web revenue up 61% to Rs 86 crore

New Delhi: Home telecom gear maker HFCL on Monday posted a 61.18 per cent leap in its consolidated web revenue to Rs 85.94 crore within the September quarter. The corporate had posted a revenue of Rs 53.32 crore within the corresponding interval a 12 months in the past.

The consolidated income of HFCL through the second quarter of FY22 elevated by 6.42 per cent to Rs 1,122.05 crore from Rs 1,054.32 crore within the year-ago interval.

“There was a powerful order guide through the quarter. Our capability utilisation remained at optimum stage throughout all of the manufacturing services particularly fibre optic cables and optical fibre vegetation. Well timed execution of the initiatives added to the expansion through the quarter,” HFCL Managing Director Mahendra Nahata advised PTI.

The corporate had an order guide of round Rs 6,000 crore through the reported quarter.

“The orders are to be delivered throughout the subsequent 9-12 months. Our progress would have been greater had there been no scarcity in semiconductor provides,” Nahata mentioned.

He mentioned that the corporate’s shift in the direction of margin and money circulate accretive parts of telecom merchandise and capital environment friendly initiatives would proceed to strengthen profitability ratio whereas analysis and improvement focus will maintain the corporate forward of the curve of technological developments.