HFCL gains on reporting 15% rise in Q4 consolidated net profit
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HFCL is currently trading at Rs. 66.49, up by 0.25 points or 0.38% from its previous closing of Rs. 66.24 on the BSE.
The scrip opened at Rs. 66.36 and has touched a high and low of Rs. 67.71 and Rs. 64.69 respectively. So far 598028 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 88.80 on 09-Dec-2022 and a 52 week low of Rs. 51.55 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 68.50 and Rs. 63.75 respectively. The current market cap of the company is Rs. 9160.72 crore.
The promoters holding in the company stood at 39.24%, while Institutions and Non-Institutions held 9.56% and 51.21% respectively.
HFCL has reported results for fourth quarter (Q4) and year ended March 31, 2023.
The company has reported 17.97% fall in its net profit at Rs 50.81 crore for the quarter under review as compared to Rs 61.94 crore for the same quarter in the previous year. However, total income of the company increased by 21.73% at Rs 1337.23 crore for Q4FY23 as compared to Rs 1098.51 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 15.49% rise in its net profit at Rs 78.68 crore for fourth quarter ended March 31, 2023 as compared to Rs 68.13 crore for the same quarter in the previous year. Total income of the company increased by 19.31% at Rs 1446.72 crore for Q4FY23 as compared to Rs 1212.56 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported 9.97% fall in its net profit at Rs 254.60 crore as compared to Rs 282.78 crore for the previous year. However, total income of the company increased by 2.65% at Rs 4445.14 crore for year under review as compared to Rs 4330.27 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported 2.50% fall in its net profit at Rs 317.71 crore as compared to Rs 325.86 crore for the previous year. However, total income of the company increased marginally by 0.43% at Rs 4790.49 crore for year under review as compared to Rs 4770.02 crore for year ended March 31, 2022.
