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HFCL reports over 2-fold jump in Q1 consolidated net profit

Himachal Futuristic Communications (HFCL) has reported results for first quarter ended June 30, 2019.

The company has reported 2-fold jump in its net profit at Rs 89.34 crore for the quarter under review as compared to Rs 44.36 crore for the same quarter in the previous year. Total income of the company increased by 16.25% at Rs 1,204.96 crore for Q1FY20 as compared Rs 1,036.51 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported over 2-fold jump in its net profit at Rs 117.12 crore for the quarter under review as compared to Rs 47.19 crore for the same quarter in the previous year. Total income of the company increased by 23.36% at Rs 1,349.04 crore for Q1FY20 as compared Rs 1,093.61 crore for the corresponding quarter previous year.

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