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Telco gear maker HFCL posts PAT of Rs 84.67 crore in Q4

The company’s current order book stands at Rs 6,875-crore.

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NEW DELHI: Homegrown telecom gear maker HFCL reported net profit of Rs 86.47-crore for the quarter ended 31 March 2021, a 1.6 per cent increase over the previous quarter's Rs 85.11 crores.

In its earnings reports, the company mentioned it will continue to focus on next-generation and 5G portfolios, following which it has firmed up plans to design 5G small and micro cells.

HFCL’s current order book stands at Rs 6,875 crore while posting total income of Rs 1,391.4 crore in Q4, as against Rs 1,277.4 crore in Q3. In terms of year-on-year performance, PAT has surged 1364.88 per cent from Rs 5.78 crores for the period ended 31 March 2020. Consolidated income recorded a manifold increase as well, up 109.24 per cent from Rs 668.07 crores at the end of FY20.

The optic fibre-to-night-vision devices maker reported a total income of Rs 4459.09 crore and net profit of Rs 239 crore during the 12 months period ended 31 March 2021 .

The company attributed growth mainly to its in-house designed and developed products, in line with the Atmanirbhar Bharat initiative which is adding to its overall profitability.

The domestic fibre maker works closely with telecom giants like Reliance Jio and Bharti Airtel; both telcos are going aggressive on increasing the FTTH network footprint in large cities for triple-play services. As India moves closer to 5G commercial rollouts, HFCL believes that more relevant business opportunities will soon knock on their doors.

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