NEW DELHI: Homegrown telecom gear maker HFCL on Thursday posted a profit after tax (PAT) of Rs 82.43 crores in Q3FY24, up by 17.47% quarter-over-quarter from Rs 70.17 crores in Q2FY24.

Its PAT, however, was down by 18.88% year-over-year, from Rs 101.62 crores in Q3FY23.

On a standalone basis, the company reported quarterly revenue of Rs 954.47 crores, EBITDA (earnings before interest, taxes, depreciation, and amortisation) of Rs 146.12 crores, and profit before tax (PBT) of Rs 103.33 crores.

For the nine months ended December 31, 2023, the company reported a standalone revenue of Rs 2,836.55 crores, EBIDTA of Rs 386.52 crores, PBT of Rs 259.10 crores and PAT of Rs 194.22 crores compared to a revenue of Rs 3,072.57 crores, EBIDTA of Rs 402.06 crores, profit before tax (PBT) of Rs 272.09 crores and PAT of Rs 203.79 crores for nine months ended December 31, 2022.

“On the order book front, HFCL bagged product orders worth Rs 1750 crores which included order of Rs 623 crores for 5G telecom networking equipment. It is a proud moment for HFCL that it is the only indian-company which has received such a large order for indigenously designed 5G equipment”, said Mahendra Nahata, Managing Director, HFCL.

“Our Company expects FY2024-25 to be another year of transformation with significant progress in launching new products, continued expansion of international business, robust order book, along with a shift towards margin accretive products and projects resulting into increased revenue and profitability in coming quarters”, Nahata said.