HFCL reports 81% fall in Q1 consolidated net profit
18th Aug 2020

HFCL has reported results for the first quarter ended June 30, 2020.

The company has reported a fall of 76.93% in its net profit from continuing operations at Rs 20.61 crore for the quarter under review as compared to net profit of Rs 89.34 crore for the same quarter in the previous year. Total income of the company decreased by 45.23% at Rs 659.38 crore for Q1FY21 as compared Rs 1,203.81 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 80.90% in its net profit attributed to owners at Rs 21.09 crore for the quarter under review as compared to net profit of Rs 110.39 crore for the same quarter in the previous year. Total income of the company decreased by 47.84% at Rs 703.70 crore for Q1FY21 as compared Rs 1,349.04 crore for the corresponding quarter previous year.