Integrated Filing — IndAS

General information about company
Scrip Code	500183
NSE Symbol	HFCL
MSEI Symbol	NOTLISTED
ISIN	INE548A01028
Name of company	HFCL LIMITED
Type of company	Main Board
Class of security	Equity
Date of start of financial year	01-Apr-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	22-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	09-May-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Quarterly
Reporting Quarter	Fourth quarter
Nature of report standalone or consolidated	Standalone
Whether results are audited or unaudited for the quarter ended	Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Audited
Segment Reporting	Multi segment
Description of single segment
Start date and time of board meeting	22-May-2025   16:00:00
End date and time of board meeting	22-May-2025   16:50:00
Whether cash flow statement is applicable on company	Yes
Type of cash flow statement	Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification	Declaration of unmodified opinion
Whether the company has any related party?	Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?	Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public	NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.	NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)?	No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?	Yes
Latest Date on which RPT policy is updated	2025-04-01
Indicate Company website link for updated RPT policy of the Company	https://www.hfcl.com/wp-content/uploads/2025/05/HFCL-Policy-on-RPTs_Revised.pdf
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter?	Yes
No. of times funds raised during the quarter	1
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity?	No
Not Applicable

Financial Results Ind-AS
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	7571900000	37952200000
	Other income	157600000	609000000
	Total income	7729500000	38561200000
2	Expenses
(a)	Cost of materials consumed	7739500000	17926100000
(b)	Purchases of stock-in-trade	575500000	11170200000
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	-1922700000	-806500000
(d)	Employee benefit expense	710100000	2726800000
(e)	Finance costs	425200000	1494600000
(f)	Depreciation, depletion and amortisation expense	230800000	849000000
(f)	Other Expenses
1	Other Expns	899100000	2786700000
	Total other expenses	899100000	2786700000
	Total expenses	8657500000	36146900000
3	Total profit before exceptional items and tax	-928000000	2414300000
4	Exceptional items	0	0
5	Total profit before tax	-928000000	2414300000
6	Tax expense
7	Current tax	-267000000	331100000
8	Deferred tax	64900000	135700000
9	Total tax expenses	-202100000	466800000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	-725900000	1947500000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
16	Total profit (loss) for period	-725900000	1947500000
17	Other comprehensive income net of taxes	-543300000	-359200000
18	Total Comprehensive Income for the period	-1269200000	1588300000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent
	Total profit or loss, attributable to non-controlling interests
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent
	Total comprehensive income for the period attributable to owners of parent non-controlling interests
21	Details of equity share capital
	Paid-up equity share capital	1442100000	1442100000
	Face value of equity share capital	1	1
27	Details of debt securities
22	Reserves excluding revaluation reserve		0
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	-0.5	1.35
	Diluted earnings (loss) per share from continuing operations	-0.5	1.35
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0	0
	Diluted earnings (loss) per share from discontinued operations	0	0
ii	Earnings per equity share
	Basic earnings (loss) per share from continuing and discontinued operations	-0.5	1.35
	Diluted earnings (loss) per share from continuing and discontinued operations	-0.5	1.35
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results

Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Standalone
	Assets
1	Non-current assets
	Property, plant and equipment	4692600000
	Capital work-in-progress	1572000000
	Investment property	166600000
	Goodwill	0
	Other intangible assets	1776400000
	Intangible assets under development	4018500000
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	1350600000
	Non-current financial assets
	Non-current investments	1308000000
	Trade receivables, non-current	4098600000
	Loans, non-current	296500000
	Other non-current financial assets	705800000
	Total non-current financial assets	6408900000
	Deferred tax assets (net)	0
	Other non-current assets	435000000
	Total non-current assets	20420600000
2	Current assets
	Inventories	7311700000
	Current financial asset
	Current investments	11800000
	Trade receivables, current	18942300000
	Cash and cash equivalents	578000000
	Bank balance other than cash and cash equivalents	4018400000
	Loans, current	175000000
	Other current financial assets	6023900000
	Total current financial assets	29749400000
	Current tax assets (net)	81600000
	Other current assets	14226100000
	Total current assets	51368800000
3	Non-current assets classified as held for sale	0
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	71789400000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	1442100000
	Other equity	38183400000
	Total equity attributable to owners of parent	39625500000
	Non controlling interest
	Total equity	39625500000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	3285400000
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
	Total Trade payable
	Other non-current financial liabilities	97300000
	Total non-current financial liabilities	3382700000
	Provisions, non-current	497600000
	Deferred tax liabilities (net)	886100000
	Deferred government grants, Non-current	0
	Other non-current liabilities	0
	Total non-current liabilities	4766400000
	Current liabilities
	Current financial liabilities
	Borrowings, current	7682100000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	617000000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	10772800000
	Total Trade payable	11389800000
	Other current financial liabilities	5995600000
	Total current financial liabilities	25067500000
	Other current liabilities	2170900000
	Provisions, current	151600000
	Current tax liabilities (Net)	7500000
	Deferred government grants, Current	0
	Total current liabilities	27397500000
3	Liabilities directly associated with assets in disposal group classified as held for sale
4	Regulatory deferral account credit balances and related deferred tax liability
	Total liabilities	32163900000
	Total equity and liabilites	71789400000
	Disclosure of notes on assets and liabilities

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars		3 months/ 6 month ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period		01-Jan-2025	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Audited	Audited
Nature of report standalone or consolidated		Standalone	Standalone
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
1	Telecom Products	5590600000	21811400000
2	Turnkey Contracts and Services	1981300000	16140800000
3	Others	0	0
	Total Segment Revenue	7571900000	37952200000
	Less: Inter segment revenue	0	0
	Revenue from operations	7571900000	37952200000
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
1	Telecom Products	35000000	1143800000
2	Turnkey Contracts and Services	-564300000	2538200000
3	Others	0	0
	Total Profit before tax	-529300000	3682000000
	i. Finance cost	425200000	425200000
	ii. Other Unallocable Expenditure net off Unallocable income	-26500000	-26500000
	Profit before tax	-928000000	2414300000
3	(Segment Asset - Segment Liabilities)
	Segment Asset
1	Telecom Products	28371400000	28371400000
2	Turnkey Contracts and Services	35021300000	35021300000
3	Others	0	0
	Total Segment Asset	63392700000	63392700000
	Un-allocable Assets	8396800000	8396800000
	Net Segment Asset	71789500000	71789500000
4	Segment Liabilities
	Segment Liabilities
1	Telecom Products	14901200000	14901200000
2	Turnkey Contracts and Services	9199700000	9199700000
3	Others	0	0
	Total Segment Liabilities	24100900000	24100900000
	Un-allocable Liabilities	8063100000	8063100000
	Net Segment Liabilities	32164000000	32164000000
	Disclosure of notes on segments

Other Comprehensive Income
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
1	Items that will not be reclassified to profit or loss	-544000000	-355200000
	Total Amount of items that will not be reclassified to profit and loss	-544000000	-355200000
2	Income tax relating to items that will not be reclassified to profit or loss	-1100000	3000000
3	Amount of items that will be reclassified to profit and loss
1	Items that will be reclassified to profit or loss	-400000	-1000000
	Total Amount of items that will be reclassified to profit and loss	-400000	-1000000
4	Income tax relating to items that will be reclassified to profit or loss	0	0
5	Total Other comprehensive income	-543300000	-359200000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Audited
D	Nature of report standalone or consolidated			Standalone
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			2414300000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			1494600000
	Adjustments for decrease (increase) in inventories			-1122300000
	Adjustments for decrease (increase) in trade receivables, current			3580100000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			-4969900000
	Adjustments for decrease (increase) in other non-current assets			733300000
	Adjustments for other financial assets, non-current			0
	Adjustments for other financial assets, current			-4383700000
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			3033200000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			1343600000
	Adjustments for increase (decrease) in other non-current liabilities			68600000
	Adjustments for depreciation and amortisation expense			849000000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			8100000
	Adjustments for provisions, current			33100000
	Adjustments for provisions, non-current			0
	Adjustments for other financial liabilities, current			1622000000
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			-96200000
	Adjustments for dividend income			0
	Adjustments for interest income			240100000
	Adjustments for share-based payments			0
	Adjustments for fair value losses (gains)			0
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			0
	Other adjustments to reconcile profit (loss)			0
	Other adjustments for non-cash items			-123200000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			1830200000
	Net cash flows from (used in) operations			4244500000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			-68800000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			4313300000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			0
	Cash flows used in obtaining control of subsidiaries or other businesses			3600000
	Other cash receipts from sales of equity or debt instruments of other entities			0
	Other cash payments to acquire equity or debt instruments of other entities			0
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			600000
	Purchase of property, plant and equipment			2092900000
	Proceeds from sales of investment property			42400000
	Purchase of investment property			0
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			1789800000
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			0
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			0
	Purchase of other long-term assets			0
	Cash advances and loans made to other parties			119200000
	Cash receipts from repayment of advances and loans made to other parties			0
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			0
	Interest received			136700000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-1223800000
	Net cash flows from (used in) investing activities	-5049600000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			0
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			6600000
	Proceeds from issuing other equity instruments			102000000
	Payments to acquire or redeem entity's shares			0
	Payments of other equity instruments			0
	Proceeds from exercise of stock options			0
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			4673600000
	Repayments of borrowings			1896900000
	Payments of lease liabilities			100900000
	Dividends paid			288400000
	Interest paid			1390300000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) financing activities			1105700000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			369400000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			0
	Net increase (decrease) in cash and cash equivalents			369400000
	Cash and cash equivalents cash flow statement at beginning of period			208600000
	Cash and cash equivalents cash flow statement at end of period			578000000

Signatory Details
Name of signatory	Manoj Baid
Designation of person	Company Secretary and Compliance Officer
Place	New Delhi
Date	22-May-2025