HFCL's Q1 financial results show record high profits and steady growth

HFCL, a midcap telecom equipment company, has recently declared its financial results for the quarter ended June 2024. The company has shown a positive performance in this quarter, with its score improving from 5 to 8 in the last 3 months.

One of the key highlights of the financial results is the Profit After Tax (PAT) for the quarter, which stands at a record high of Rs 111.30 crore. This is a significant increase from the previous quarter and shows a positive trend in the company's profitability. The PAT has also grown by 63.5% year on year, indicating a strong performance by HFCL.

Another positive aspect of the financial results is the Profit Before Tax less Other Income (PBT), which has grown by 21.18% year on year. This shows that the company has been able to maintain a steady growth in its earnings.

The Earnings per Share (EPS) for the quarter is also at its highest in the last five quarters, at Rs 0.77. This indicates that the company has been able to create higher earnings for its shareholders.

However, one area of concern for HFCL is the Debtors Turnover Ratio, which is at its lowest in the last five half yearly periods. This shows that the company's pace of settling its debtors has slowed down.

Overall, the financial results for the quarter ended June 2024 show a positive trend for HFCL. MarketsMOJO has given a 'Hold' call for the company's stock, indicating a neutral stance. Investors can keep an eye on HFCL's performance in the coming quarters to make informed decisions.