Companies

HFCL Q1 net up at ₹117 crore

Our Bureau Mumbai | Updated on July 10, 2019 Published on July 10, 2019

Himachal Futuristic Communications Limited (HFCL) on Wednesday reported a net profit of ₹117 crore for the April-June quarter compared to a profit of ₹47 crore in the corresponding quarter last year.

The company’s consolidated revenue during the period stood at ₹1,343 crore (₹1,088 crore).

Mahendra Nahata, MD, HFCL, said: “The holistic strengthening of organisational capabilities undertaken over the last 7-8 quarters is beginning to show the results.”

“We are focussed on new products and technologies which shall open additional growth avenues and ensure sustainability. We also continue to leverage our core strength of design, development and management of communication networks in newer application domains such as railways, defence and smart cities,” he added.

Published on July 10, 2019
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