HFCL, India’s leading telecom equipment manufacturer and technology provider, announced its financial results for the third quarter and nine months ended December 31, 2021.

Consolidated Financial Highlights

Particulars	Q3 FY22 ₹ in Crore	Q2 FY22 ₹ in Crore	Change Q-o-Q%	Q3 FY21 ₹ in Crore	Change        Y-o-Y%
Revenue	1215.21	1122.05	8.29%	1277.48	-4.86%
EBIDTA	174.56	173.20	0.58%	176.53	-1.14%
EBIDTA Margin (%)	14.32%	15.42%	-110Bps	13.78%	54Bps
PAT	81.10	85.94	-5.81%	85.11	-4.71%
PAT Margin (%)	6.67%	7.66%	-99Bps	6.66%	1Bps

HFCL said the Board has approved the company’s plan for expansion of fiber manufacturing capacity from 10 million fkm to 22 million fkm per year and consolidated OFC manufacturing capacity from 24.75 million fkm to 34.75 million fkm per year with an outlay of ~Rs 425 crore.

“We remain optimistic about the outlook of the sector. The Government’s approval for our PLI scheme candidature will help us in improving our competitiveness, collaborate with new players and venture into new geographies,” Mahendra Nahata, Managing Director, HFCL said.