HFCL Q2 results: Net profit jumps 4.5% to Rs 73 cr, revenue at Rs 1,094 cr

Quick Summary:

Domestic telecom gear make HFCL on Monday posted 4.5 per cent year-on-year rise in its consolidated net profit for second quarter ended September 2024 (Q2FY25) to Rs 73 crore.

In a statement, HFCL Managing Director Mahendra Nahata noted that the company delivered steady performance despite the ongoing softness in demand for Optic Fiber Cables globally.

"Further, monsoon season in several parts of the country impacted execution of work, causing some revenue to spill over into the next quarter," Nahata said.

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Category: BusinessFinance

Markets: India

Topics: HFCL HFCL Q2 report HFCL Q2 profit HFCL Q2 results

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Article Type: News Report

Published On: 2024-10-21 @ 23:13:30 (6 days ago)

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News Source URL: business-standard.com

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