Key Points
Owing to an increase in operating expenses, the companys EBITDA margins contracted by six percentage points or 606 basis points sequentially to 11.74% in the January-March quarter...
Telecom equipment manufacturer HFCL on Monday reported a 23% quarter-on-quarter (QoQ) fall in net profit to Rs 79 crore in the January-March period..
The companys revenue from operations rose 32% QoQ to Rs 1,433 crore...
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, increasing customer base and geographical expansion, said Mahendra Nahata, managing director of the company...
The company is also a beneficiary of the PLI scheme for telecom equipment and committed an investment of Rs 425 crore over a period of four years for manufacturing of 5G radio equipment, routers, switches, WiFi products and backhaul radios...
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