HFCL Q3 internet revenue falls 12% YoY to Rs 72 crore

Homegrown telecom gear maker HFCL Monday reported an 11.95% year-on-year fall in its consolidated revenue after tax (PAT) to Rs 72.58 crore in Q3FY25. The corporate had posted a consolidated PAT of Rs 82.43 crore within the corresponding quarter of the earlier fiscal yr (Q3FY24).

HFCL’s consolidated income fell by 1.97% on-year to Rs 1,011.95 crore within the reporting quarter, in comparison with Rs 1,032.31 crore in Q3FY24. The consolidated income, nevertheless, declined strongly at 7.47% on-quarter.

“On a standalone foundation, the corporate reported quarterly income of Rs 960.94 crore, EBIDTA (earnings earlier than curiosity, depreciation, taxes, and amortisation) of Rs 165.68 crore, PBT (revenue earlier than tax) of Rs 106.87 crores and PAT of Rs 78.48 crore,” the seller stated in its earnings assertion.

Mahendra Nahata, Managing Director of HFCL, stated that regardless of a dynamic and difficult market atmosphere, HFCL demonstrated resilience with a steady quarterly efficiency.

“The latest BharatNet order wins are a testomony to our experience in strengthening India’s digital infrastructure, reinforcing our place as a trusted expertise companion within the Nation’s broadband revolution,” Nahata stated.

“As we transfer forward, HFCL stays centered on increasing its technological capabilities, fostering innovation, and delivering worth to our stakeholders,” he stated.