Country’s leading integrated telecom solutions provider, Himachal Futuristic Communications limited (HFCl) on Monday announced 62 per cent jump in its net proft at Rs112.39 crore during the first quarter ended June 30. The company had posted net profit of Rs69.47 crore in the same period a year ago.
Net sales for the quarter ended June 30 2015, stood at Rs625.37 crore, as compared to Rs618.82 crore in the corresponding quarter of previous fiscal. The company said strong growth has been possible due to high demand of optical fibre cables and turnkey projects
The company’s earnings before interest, tax, depreciation and amortization (EBIDTA) rose by 4.30 per cent to Rs91.54 crore in Q1FY16, as compared to Rs87.77 crore in the corresponding quarter of the previous fiscal. Return to shareholders has further strengthened with Earnings per share (EPS) for the first quarter of FY16 increasing to Rs0.90 from Rs0.55 in the corresponding quarter of previous fiscal.
The Company has seen a rise in exports by 255 per cent to Rs32 crores as compared to the first quarter of the previous year. The expected turnover from exports in FY16 is Rs100 crores. The Company also has a robust order book this year. The total order book as of Monday stands around Rs3000 crores.
Commenting on the Company’s performance during the first quarter of FY16, Himachal Futuristic Communications ltd Managing Director, Mahendra Nahata, said, “In the last four years HFCl has grown almost 10 times in revenue, 17 times in profit, and we are confident of a significant growth in the current financial year. The positive movements in the current order book, combined together with the upcoming opportunities is indicative of the same.”
“Such strong growth has been possible due to high demand of Optical Fibre Cables and Turnkey Projects. A growth of 255 percent in exports added to our positive outlook of further growth in exports which is going to be key thrust area going forward. Due to cost control and efficient raw material purchase, we have seen improvement in margins,” he added.
Himachal Futuristic Communications ltd is engaged in manufacturing of telecom equipments and optical fibre cable, executing telecom turnkey contracts and providing services relating thereto.
Under the turnkey services, HFCl provides total telecom solutions such as feasibility study, network planning, designing, engineering, installation, system integration and commissioning of various types telecom networks.
Over the last 3 decades, HFCl has pioneered advanced technology telecommunication products and solutions, consistently delivering significant cost and operational efficiencies to customers ranging from prestigious Government institutions to leading telecommunication operators.
The Company has state-of-the-art telecom equipment manufacturing facilities at Solan, Himachal Pradesh (HP), and Optical Fibre Cable Manufacturing facilities at, Goa. The Company has a country-wide footprint to reach every type of telecom customer for pre sales interface, execution of projects, technical support, post sales warranty and AMC support.
Since inception, HFCl takes pride in staying ahead on the technology curve for most of our endeavours. From early days of producing network capacity enhancing equipment to Terabit Transport equipment today and from setting up of CDMA, Satellite and Spectrum Management Networks to Fibre optic and wireless networks, HFCl has contributed significantly towards evolution of the telecommunication industry in India.