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HFCL reports 41% fall in Q1 consolidated net profit

23 Jul 2022 Evaluate

HFCL has reported results for first quarter ended June 30, 2022.

The company has reported a fall of 40.34% in its net profit at Rs 48.05 crore for the quarter under review as compared to Rs 80.54 crore for the same quarter in the previous year. Total income of the company decreased by 12.74% at Rs 971.08 crore for Q1FY23 as compared Rs 1112.90 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 41.45% in its net profit at Rs 53.10 crore for the quarter under review as compared to Rs 90.69 crore for the same quarter in the previous year. Total income of the company decreased by 11.65% at Rs 1070.94 crore for Q1FY23 as compared to Rs 1212.16 crore for the corresponding quarter previous year.

Peers
Company Name CMP
HFCL 226.65
Bondada Engineering 275.00
Pace Digitek 163.80
GTL Infrastructure 1.11
STL Networks 51.60
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