HFCL is currently among the top five gainers on the BSE, surging from yesterday’s close of Rs.34.30 to Rs.38.65, just a tad shy from hitting its 52-week high of Rs.38.90. It continues to currently trade at Rs.38 levels.
For Q4FY21, the company reported a consolidated net profit at Rs.86 crore from a mere Rs.5.5 crore (YoY), while sequentially, it was up 3%. This was on a 9% (QoQ) and 110% (YoY) jump in total income at Rs.1391 crore. YoY, the pandemic played the biggest role by way of low base effect.
The company attributed growth mainly to its in-house designed and developed products.
The market is more enthused about its pipeline - its order book currently stands at Rs 6,875 crore, and the company said that it would continue to focus on next-generation (5G) portfolio. It has also plans to design 5G small and micro cells.