HFCL revenue up 1% to Rs 625 crore in Q1

Himachal Futuristic Communications (HFCL) today said its revenue grew 1.05 percent to Rs 625.37 crore, while profit rose 62 percent to Rs 112.39 crore in the first quarter of FY 2016.

The exports of HFCL rose 255 percent to Rs 32 crore. HFCL is targeting revenues of Rs 100 crore from exports in FY 2016. The total order book as of today stands at around Rs 3,000 crore.

HFCL Managing Director Mahendra Nahata said: “In the last four years HFCL has grown almost 10 times in revenue, 17 times in profit, and we are confident of a significant growth in the current financial year.”

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