Profit before tax in Q2 FY25 stood at Rs 102.47 crore, up by 8.8% from Rs 94.18 crore reported in Q2 FY24. Current tax expense rose 57.02% YoY to Rs 20.13 crore in the second quarter. EBITDA jumped 14.7% year on year to Rs 172 crore in Q2FY25. EBITDA margin improved to 15.71% as against 13.47% registered in Q2 FY25.
HFCL's managing director, Mahendra Nahata, highlighted the company's significant achievements in the second quarter, including a large-scale broadband network project for BSNL and a strategic partnership with GA-ASI for UAV development. Despite challenges posed by the global market and monsoon-related disruptions, HFCL's focus on new products, private customers, and international expansion is expected to drive improved revenue and profitability in the coming quarters.
HFCL is a leading technology company specializing in digital networks for telcos, enterprises, and governments. With its strong R&D expertise and global system integration services, HFCL offers innovative solutions like 5G RAN, 5G Transport, Wi-Fi, and defense electronics. The company has manufacturing plants in India and a global customer base, committed to quality and environmental sustainability.
Shares of HFCL dropped 5% to Rs 118.70 on the BSE.