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HFCL Ltd share Price

Company details

6M Return -19.57%
1Y Return 1.19%
Mkt Cap.(Cr) 8,776.32
Volume 210,583
Div Yield 0.32%
OI Chg %
Volume 210,583

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Q4FY23 Quarterly & FY23 Annual Result Announced for HFCL Ltd.

Telecom cables company HFCL announced Q4FY23 & FY23 results:

  • Consolidated Q4FY23 vs Q3FY23/Q4FY22:
    • Revenue: Rs 1,433 crore vs Rs 1,086 crore (31.97% QoQ change); Rs 1,183 crore (21.13% YoY change)
    • EBIDTA: Rs 168 crore vs Rs 194 crore (13.01% QoQ); Rs 154 crore (9.43% YoY)
    • EBIDTA Margin: 11.74% vs 17.80% (-606 bps QoQ); 12.99% (-125 bps YoY)
    • PAT: Rs 79 crore vs Rs 102 crore (-22.57% QoQ); Rs 68 crore (15.49% YoY)
    • PAT margin (%): 5.49% vs 9.36% (-387 bps QoQ); 5.76% (-27 bps YoY)
  • Consolidated FY23 vs FY22:
    • Revenue: Rs 4,743 crore vs Rs 4,727 crore (0.34% YoY)
    • EBIDTA: Rs 665 crore vs Rs 692 crore (-3.91% YoY)
    • EBIDTA margin (%): 14.04% vs 14.66% (-62 bps YoY)
    • PAT: Rs 317 crore vs Rs 326 crore (-2.50% YoY)
    • PAT Margin (%): 6.70% vs 6.89% (-19 bps YoY)
    • Revenue in FY23 from international business grew by 125% YoY
    • Revenue from private customers increased to 83% in FY23 from 68% in FY22
  • For FY23, the company reported on a standalone basis, revenue of Rs 4,396 crore, EBIDTA of Rs 516 crore, PBT of Rs 342 crore, and PAT of Rs 255 crore
  • On a standalone basis, the company reported Q4FY23 revenue of Rs 1,323 crore, EBIDTA of Rs 114 crore, PBT of Rs 69 crore, and PAT of Rs 51 crore

Commenting on the company’s performance, Mahendra Nahata, Managing Director, HFCL, said, “Amidst the global economic challenges India remains a promising economy and is expected to emerge the fastest-growing in the world. Our company has also been able to withstand the economic challenges and has shown sturdy performance in FY 22-23. The company remains focused on its strategy of increasing revenue from margin-accretive products, expansion of capacities coupled with high-level backward integration, huge impetus on R&D, increased customer base, and geographical expansion. During FY23 we have significantly increased revenues from international business to Rs.817 crores from Rs 363 crores in FY22 witnessing a growth of 125% on a YoY basis. Our continued focus on creating and expanding capacities and tapping new geographies has not only led to an increase in the share of product revenue to 56% in FY23 as compared to 43% in FY22 but also resulted in an increased share of revenue from private customers to 83% in FY23 from 68% in FY22. We believe that our strategic initiatives will position us well for long-term success.

He further added that “the company is expanding its optic fibre capacity from existing 10mn fkm to 25mn fkm and optic fibre cable capacity from 25mn fkm to 35mn fkm by FY25. The company is simultaneously developing various 5G Radio Access Network Products, Transport products, and broadband wireless products which are expected to be launched during the current financial year. These initiatives will not only add to the revenue but will also increase the profitability of the company significantly. We are excited about the future of HFCL and look forward to continuing our commitment to delivering innovative communication solutions that connect people and business Worldwide.”



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Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax



Equity Capital: 2,798.40 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 943.10 32,637.51
LAST 3M 17,174.81 50,737.17
LAST 6M 66,045.02 26,732.81
LAST 12M 121,409.17 72,523.78

HFCL Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • Himachal Futuristic Communications Limited (HFCL) is a telecom company with a market capitalization of Rs. 7,813 crores as of 18th August 2021. It was started on 11th May 2021. The company reported consolidated revenue of Rs. 1,206.87 crores in the quarter ended June 2021. The Bombay Stock Exchange (BSE) and National Stock Exchange have assigned the number 500183 and scrip code HFCL. As of 18th August 2021, the shares of HFCL were trading at Rs. 60.60.

    HFCL is a telecom infrastructure developer, system integrator, and manufacturer of telecom systems and optical fibre cables. The company is located in Himachal Pradesh. Over the last 30 years, the company has provided customers with cutting-edge products and solutions in the high-tech telecommunications infrastructure sector, allowing them to stay ahead of their competitors in terms of technology and network efficiency. HFCL has implemented over 25,000 2G/3G cell sites and has rolled out over 1,00,000 km of optical fibre cable networks for telecommunication companies, the oil & gas industry, railways, and high-security applications as required by the internal security establishments and Defence. The company has approximately 1200 on-roll employees over the country. Promoters holding in the company stood at 42.05% in June 2021 as against 38.64% in the corresponding quarter last fiscal, 18.81% of the promoters’ holding is pledged and such pledge has decreased from 21.44% in last one year.

    In June 2021, the company on a consolidated basis reported revenue from operations at Rs. 1,206.87 crores up 72.46% year-on-year basis and down 13.26% quarter-on-quarter basis. EBITDA of the company stood at Rs. 191.54 crores as against Rs. 82.92 in the corresponding quarter last year and Rs. 187.42 crores in March 2021, EBITDA margin was at 15.88% compared to 11.85% in the same quarter during the last fiscal year, showing a change of 403 basis points. PAT of the company increased 325.82% on a year-on-year basis at Rs. 90.69 crores and 4.98% on a quarter-on-quarter basis, PAT margin stood at 7.52%, representing an increase of 131 basis points over the last quarter of 6.21%. EPS of the company was at Rs. 0.68 as against Rs. 0.66 in March 2021. HFCL’s shares closed at Rs. 60.60 on 18th August 2021 and has given a return of 281.13% over the last 12 months.

Registered Address

8 Electronics Complex, Chambaghat, Solan, Himachal Pradesh, 173213

Tel : 91-1792-230644
Email : investor:hfcl.com/secretarial:hfcl.com
Website : http://www.hfcl.com


AGM Date (Month) : Sep
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 500183
Book Closure Date (Month) : Sep
BSE Group : A
ISIN : INE548A01028

FAQ’s on HFCL Ltd Shares

You can buy HFCL Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy HFCL Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 30, 2023 09:29 AM the closing price of HFCL Ltd was ₹ 63.70.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of May 30, 2023 09:29 AM, the market cap of HFCL Ltd stood at ₹ 8,776.32.

The latest PE ratio of HFCL Ltd as of May 30, 2023 09:29 AM is 29.07

The latest PB ratio of HFCL Ltd as of May 30, 2023 09:29 AM is 0.36

The 52-week high of HFCL Ltd is ₹ 88.80 while the 52-week low is ₹ 51.55

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