HIMACHAL FUTURISTIC COMMUNICATIONS LTD. has reported financial results for the period ended March 31, 2021.
Financial Results (Q4 FY20-21) - QoQ Comparison
The company has reported total income of Rs.1397.87 crores during the period ended March 31, 2021 as compared to Rs.1290.17 crores during the period ended December 31, 2020.
The company has posted net profit / (loss) of Rs.84.67 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.82.24 crores for the period ended December 31, 2020.
The company has reported EPS of Rs.0.66 for the period ended March 31, 2021 as compared to Rs.0.64 for the period ended December 31, 2020.
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Total Income | ₹ 1397.87 crs | ₹ 1290.17 crs | 8.35% |
Net Profit | ₹ 84.67 crs | ₹ 82.24 crs | 2.95% |
EPS | ₹ 0.66 | ₹ 0.64 | 3.12% |
Financial Results (Q4 FY20-21) - YoY ComparisonThe company has reported total income of Rs.1397.87 crores during the period ended March 31, 2021 as compared to Rs.668.07 crores during the period ended March 31, 2020.
The company has posted net profit / (loss) of Rs.84.67 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.5.78 crores for the period ended March 31, 2020.
The company has reported EPS of Rs.0.66 for the period ended March 31, 2021 as compared to Rs.0.04 for the period ended March 31, 2020.
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Total Income | ₹ 1397.87 crs | ₹ 668.07 crs | 109.24% |
Net Profit | ₹ 84.67 crs | ₹ 5.78 crs | 1364.88% |
EPS | ₹ 0.66 | ₹ 0.04 | 1550% |
Financial Results (Year ended FY 20-21) - YoY ComparisonThe company has reported total income of Rs.4459.09 crores during the 12 months period ended March 31, 2021 as compared to Rs.3860.99 crores during the 12 months period ended March 31, 2020.
The company has posted net profit / (loss) of Rs.239 crores for the 12 months period ended March 31, 2021 as against net profit / (loss) of Rs.227.25 crores for the 12 months period ended March 31, 2020.
The company has reported EPS of Rs.1.87 for the 12 months period ended March 31, 2021 as compared to Rs.1.76 for the 12 months period ended March 31, 2020.
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Total Income | ₹ 4459.09 crs | ₹ 3860.99 crs | 15.49% |
Net Profit | ₹ 239 crs | ₹ 227.25 crs | 5.17% |
EPS | ₹ 1.87 | ₹1.76 | 6.25% |
Commenting on the Company's performance, Mr. Mahendra Nahata, the Managing Director said, "We are pleased to share our continued progress, as reflected in our strong top line growth with consistent margins and profitability. Our R&D efforts for constant innovation, fortitude to pursue growth even amid the challenges of the Covid-19 pandemic and faith of our customers have been core drivers to our success. We have a strong order book of Rs. 6,875 crs with an attractive pipeline ahead. The Company's emphasis is to design and develop new generation telecom and defence products by its own R&D, having promising opportunities across industries like telecom, railways and defence.
The Company's outlook is very optimistic given the increasing demand for optical fiber cables and Telecom Equipment, not only in India but also from overseas market as shift to digital economy has accelerated globally. Apart, from this, the Company's defence equipment initiative will contribute to Govt. of India's emphasis on Make in India Program. With sharp focus on new products, new customers and new geographies, we are excited about the growth trajectory going forward. Transformational projects like PMWANI when viewed in conjunction with BharatNet and added to that, the upcoming 5G opportunity will significantly boost the Company's prospects. The Government's policies such as PLI for telecom sector and boost to Make in India program will provide strong tailwinds to domestic telecom equipment manufacturing. The Company sees India as the next innovation and manufacturing hub for telecom products and HFCL is fully prepared to serve the needs of its customers in India and abroad."
Shares of HIMACHAL FUTURISTIC COMMUNICATIONS LTD. was last trading in BSE at Rs.34.3 as compared to the previous close of Rs. 35.15. The total number of shares traded during the day was 5213975 in over 10902 trades.
The stock hit an intraday high of Rs. 38.9 and intraday low of 33.1. The net turnover during the day was Rs. 190677994.
Source : Equity Bulls
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