HFCL falls despite reporting 60% rise in Q2 consolidated net profit
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HFCL is currently trading at Rs. 77.80, down by 0.90 points or 1.14% from its previous closing of Rs. 78.70 on the BSE.
The scrip opened at Rs. 78.80 and has touched a high and low of Rs. 79.90 and Rs. 75.95 respectively. So far 550924 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 95.70 on 06-Jul-2021 and a 52 week low of Rs. 16.00 on 15-Oct-2020.
Last one week high and low of the scrip stood at Rs. 82.40 and Rs. 75.95 respectively. The current market cap of the company is Rs. 9966.38 crore.
The promoters holding in the company stood at 42.05%, while Institutions and Non-Institutions held 2.88% and 55.07% respectively.
HFCL has reported results for second quarter ended September 30, 2021.
The company has reported 56.97% rise in its net profit from continuing operation of Rs 70.18 crore for the quarter under review as compared to net profit of Rs 44.71 crore for the same quarter in the previous year. Total income of the company increased by 1.33% at Rs 1,008.25 crore for Q2FY22 as compared Rs 995.02 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported 60.02% rise in its net profit attributable to owners of Rs 81.61 crore for the quarter under review as against net profit of Rs 51 crore for the same quarter in the previous year. Total income of the company increased by 5.61% at Rs 1,126.10 crore for Q2FY22 as compared Rs 1,066.31 crore for the corresponding quarter previous year.
