Domestic telecom gear maker HFCL on Monday posted a61.18 per cent jump in its consolidated net profit to Rs85.94 crore in the September quarter.
The company had posted a profit of Rs53.32 crore in the ditto period a time ago.
The consolidated proceeds of HFCL during the alternate quarter of FY22 increased by6.42 per cent to Rs crore from Rs crore in the time-ago period.
“There was a strong order book during the quarter. Our capacity utilisation remained at optimum ranking across all the manufacturing establishments especially fibre optical lines and optic fibre mills. Timely fulfillment of the games added to the growth during the quarter,”HFCL Managing Director Mahendra Nahata told PTI.
The company had an order book of around Rs crore during the reported quarter.
“The orders are to be delivered within the ensuing 9-12 months. Our growth would have been evolved had there been no famine in semiconductor funds,”Nahata said.
He said that the company’s shift towards border and cash deluge accumulative constituents of telecom products and capital effective arrangements would continue to strengthen profitability proportion while delving and development focus will keep the company ahead of the angle of technological
