HFCL's Q2 FY25 financial results show flat performance, but PAT sees 34.67% growth.

Oct 21 2024 08:45 PM IST
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HFCL, a midcap company in the telecommunication equipment industry, has reported a relatively flat performance for the quarter ending September 2024. While the company's PAT has shown a growth of 34.67% year on year, its Operating Cash Flow has declined. MarketsMojo has advised investors to hold their positions in the company's stock.

HFCL, a midcap company in the telecommunication equipment industry, recently announced its financial results for the quarter ending September 2024. The company’s stock has been given a ‘Hold’ call by MarketsMOJO.

According to the financial report, HFCL’s performance for the quarter has been relatively flat compared to the previous quarter. The company’s score has decreased from 7 to 4 in the last three months.


However, there are some positive aspects to HFCL’s financials for the quarter. The company’s Profit After Tax (PAT) for the half-yearly period has shown a growth of 34.67% year on year, reaching Rs 185.19 crore. This indicates a positive trend in the near term for HFCL.


On the other hand, there are also some areas of concern for HFCL based on the September 2024 financials. The company’s Operating Cash Flow for the year has been the lowest in the last three years, at Rs -44.87 crore. This suggests that the company’s cash revenues from business operations are declining.


Overall, HFCL’s financial performance for the quarter ending September 2024 has been mixed. Investors are advised to hold their positions in the company’s stock, as suggested by MarketsMOJO.


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