HFCL2024-01-012024-03-31 HFCL2024-01-012024-03-31 HFCL2024-01-012024-03-31in-bse-fin:OneOperatingExpenses01Member HFCL2024-01-012024-03-31in-bse-fin:FourOperatingExpenses01Member HFCL2024-03-31 HFCL2024-01-012024-03-31in-bse-fin:OneReportableSegmentRevenue01Member HFCL2024-01-012024-03-31in-bse-fin:OneReportableSegmentRevenue02Member HFCL2024-01-012024-03-31in-bse-fin:OneReportableSegmentRevenue03Member HFCL2024-01-012024-03-31in-bse-fin:FourReportableSegmentRevenue01Member HFCL2024-01-012024-03-31in-bse-fin:FourReportableSegmentRevenue02Member HFCL2024-01-012024-03-31in-bse-fin:FourReportableSegmentRevenue03Member HFCL2024-01-012024-03-31in-bse-fin:OneReportableSegmentResults01Member HFCL2024-01-012024-03-31in-bse-fin:OneReportableSegmentResults02Member HFCL2024-01-012024-03-31in-bse-fin:OneReportableSegmentResults03Member HFCL2024-01-012024-03-31in-bse-fin:FourReportableSegmentResults01Member HFCL2024-01-012024-03-31in-bse-fin:FourReportableSegmentResults02Member HFCL2024-01-012024-03-31in-bse-fin:FourReportableSegmentResults03Member HFCL2024-01-012024-03-31in-bse-fin:OneReportableSegmentAssets01Member HFCL2024-01-012024-03-31in-bse-fin:OneReportableSegmentAssets02Member HFCL2024-01-012024-03-31in-bse-fin:OneReportableSegmentAssets03Member HFCL2024-01-012024-03-31in-bse-fin:OneReportableSegmentLiabilities01Member HFCL2024-03-31in-bse-fin:OneReportableSegmentLiabilities01Member HFCL2024-01-012024-03-31in-bse-fin:OneReportableSegmentLiabilities02Member HFCL2024-03-31in-bse-fin:OneReportableSegmentLiabilities02Member HFCL2024-01-012024-03-31in-bse-fin:OneReportableSegmentLiabilities03Member HFCL2024-03-31in-bse-fin:OneReportableSegmentLiabilities03Member HFCL2024-01-012024-03-31in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member HFCL2024-01-012024-03-31in-bse-fin:FourItemsThatWillNotBeReclassifiedToProfitAndLoss01Member HFCL2024-01-012024-03-31in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member HFCL2024-01-012024-03-31in-bse-fin:FourItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 500183 HFCL NOTLISTED HFCL Limited Equity 2023-04-01 2024-03-31 2024-05-03 2024-04-19 INR Crores Yearly 12:30:00 14:40:00 2024-05-03 2024-05-03 true Cash Flow Indirect Declaration of unmodified opinion Multi segment 2024-01-01 2024-03-31 Audited Consolidated 13260600000.00 136100000.00 13396700000.00 4607800000.00 5280700000.00 -429900000.00 875400000.00 396500000.00 201400000.00 969800000.00 11901700000.00 1495000000.00 0.00 1495000000.00 292700000.00 108200000.00 400900000.00 0.00 1094100000.00 0.00 0.00 0.00 -500000.00 1093600000.00 1302500000.00 2396100000.00 1100600000.00 -6900000.00 2403200000.00 -7000000.00 1440100000.00 1 0.76 0.76 0.00 0.00 0.76 0.76 0.00 0.00 0.00 1. The above Audited Standalone & Consolidated Financial Results of the Company for the fourth quarter and year ended 31st March, 2024 have been reviewed and recommended by the Audit Committee and were approved by the Board of Directors of the Company at their respective meetings held on 3rd May, 2024. 2. The above Results are in compliance with the Indian Accounting Standards (Ind-AS) as prescribed under Section 133 of the Companies Act, 2013 read with the Companies (Indian Accounting Standards) Rules, 2015 (as amended). 3. I) During the year, the Company has issued 5,10,14,491, equity shares of face value of Re. 1 each at an issue price of Rs.69/- per equity share (including premium of Rs.68/- per equity share), aggregating to Rs. 352.00 Crore approx. (including securities premium of Rs.346.90 Crore). The issue was made through eligible Qualified Institutions Placement (QIP) in terms of chapter VI of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 as amended, Section 42 & 62 and other relevant provisions of the Companies Act, 2013. Out of the proceeds from QIP issue, the Company had utilized Rs. 277.52 Crore ( including share issue expenses) towards purposes/objects specified in the placement document.The balance amount of QIP proceeds amounting to Rs.74.48 Crore remains invested in fixed deposits with scheduled commercial banks as Interim use of funds. II) Pursuant to the resolutions passed by the Board of Directors and Shareholders of the Company at their meetings held on September 02, 2022 and September 30, 2022 respectively, the Allotment Committee (Warrants) of the Board of Directors, vide its resolution passed on October 15, 2022, had approved the allotment of 1,41,00,000 (One Crores Forty-One Lakh) Warrants convertible into 1,41,00,000 equity shares at a price of Rs.80/- per Equity Share (Warrant Exercise Price) to persons belonging to Promoter and Non-Promoter category in the preferential issue made under Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (SEBI ICDR Regulations) and Section 42 and Section 62 of the Companies Act, 2013, as amended, read with the rules issued thereunder. Further, as per provisions of Regulation 169(3) of Chapter V of SEBI ICDR Regulations, the warrants allotted to one of the warrant holders holding 2,00,000 warrants, who sought early retirement from the Company, and since retired, did not exercise the conversion option within 18 months from the date of the allotment, i.e. on or before April 14, 2024, the 25% of Warrant Exercise Price i.e. Rs.40,00,000 received by the Company stands forfeited. 4. The Consolidated financial results for the fourth quarter and year ended 31st March, 2024 includes the results of the following entities: a. HFCL Limited (HFCL) (Holding Company) b. HTL Limited (Subsidiary) c. Raddef Private Limited (Subsidiary) d. Moneta Finance Private Limited (Wholly owned Subsidiary) e. Polixel Security Systems Private Limited (Wholly owned Subsidiary) f. HFCL Advance Systems Private Limited (Wholly owned Subsidiary) g. DragonWave HFCL India Private Limited (Wholly owned Subsidiary) h. HFCL Technologies Private Limited (Wholly owned Subsidiary) i. HFCL Inc. (Wholly owned Subsidiary) - United States of America j. HFCL B.V. (Wholly owned Subsidiary) - Netherlands k. Nimpaa Telecommunications Private Limited (Jointly Controlled Entity) l. BigCat Wireless Private Limited (Jointly Controlled Entity with 50% voting rights) m. HFCL Canada Inc. (Wholly owned Subsidiary of HFCL B.V.- Netherlands) - Canada ..........Due to size constraint Notes continued on Assets Liabilities Multi segment 2023-04-01 2024-03-31 Audited Consolidated 44650500000.00 1005900000.00 45656400000.00 19321300000.00 13912000000.00 -1028900000.00 3505300000.00 1472800000.00 817600000.00 3125400000.00 41125500000.00 4530900000.00 0.00 4530900000.00 679100000.00 485900000.00 1165000000.00 0.00 3365900000.00 0.00 0.00 0.00 9300000.00 3375200000.00 1296000000.00 4671200000.00 3298100000.00 77200000.00 4594400000.00 76900000.00 1440100000.00 1 38558100000.00 2.33 2.33 0.00 0.00 2.33 2.33 0.00 0.00 0.00 Other Expns 969800000.00 Other Expns 3125400000.00 442900000.00 4959400000.00 1540900000.00 117200000.00 261700000.00 1181400000.00 3148700000.00 0.00 195000000.00 1692200000.00 5203100000.00 90000000.00 542600000.00 7527900000.00 0.00 601100000.00 19533300000.00 7744200000.00 51900000.00 22154800000.00 233300000.00 3130200000.00 200100000.00 5385000000.00 31155300000.00 525000000.00 5910500000.00 45335000000.00 0.00 0.00 64868300000.00 1440100000.00 38115300000.00 39555400000.00 39998300000.00 1692100000.00 0.00 90700000.00 1782800000.00 474900000.00 772800000.00 0.00 0.00 3030500000.00 8080500000.00 8076200000.00 4457600000.00 20614300000.00 1053700000.00 122700000.00 48800000.00 0.00 21839500000.00 0.00 0.00 24870000000.00 64868300000.00 5. The Company held 6,30,223 equity shares of Rs.10/- each in Exicom Tele-Systems Limited (Exicom) as at March 31, 2023. After March 31, 2023, Exicom issued bonus equity shares in the ratio of eleven equity shares for every one equity share held by the shareholders as on the record date on September 15, 2023, and consequently the Company received 69,32,453 equity shares of Exicom pursuant to the bonus issue. Subsequently, Exicom shares got listed on both the NSE and BSE. As at the balance sheet, the Company has done fair valuation of shares of Exicom at closing market price prevailing at BSE as per the requirement of Ind AS 109 and Ind AS 113, resulting in increase in other comprehensive income by INR 129.93 crores. 6. Earning per share is not annualised for the Quarter ended 31st March, 2024, Quarter ended 31st December, 2023 and Quarter ended 31st March, 2023. 7. The Figures of the quarter ended March 31, 2024 and March 31, 2023 are the balancing figures between audited figures in respect of the full financial years and the published year to date figures upto the third quarter of the respective financial years, which were subject to limited review by the Auditors. 8. The Board has recommended a Dividend @ 20%, i.e., Rs0.20 per equity share of face value of Re.1/- each, for the financial year ended March 31, 2024, subject to the approval of shareholders at the ensuing Annual General Meeting (AGM) of the Company or other authorities wherever required. The Dividend for the financial year ended 31st March, 2024, if declared at the ensuing AGM, will be paid to the shareholders within 30 days from the date of declaration. 9 The figures of the previous periods have been re-grouped/ re-arranged wherever considered necessary. (Mahendra Nahata) Managing Director DIN 00052898 Place : New Delhi Date : 3rd May 2024 Others 0.00 Telecom Products 3624100000.00 Turnkey Contracts and Services 9636500000.00 Others 0.00 Telecom Products 18624800000.00 Turnkey Contracts and Services 26025700000.00 13260600000.00 44650500000.00 0.00 0.00 13260600000.00 44650500000.00 Others 3500000.00 Telecom Products 178600000.00 Turnkey Contracts and Services 1729900000.00 Others 3600000.00 Telecom Products 2195000000.00 Turnkey Contracts and Services 3670600000.00 1912000000.00 5869200000.00 396500000.00 1472800000.00 21000000.00 -143800000.00 1494500000.00 4540200000.00 Others 62500000.00 Telecom Products 22481100000.00 Turnkey Contracts and Services 34163500000.00 56707100000.00 8161300000.00 64868400000.00 Others 4500000.00 Telecom Products 7738200000.00 Turnkey Contracts and Services 10781600000.00 18524300000.00 6345900000.00 24870200000.00 1472800000.00 -165800000.00 -4191400000.00 0.00 -580700000.00 -75200000.00 -13400000.00 -17500000.00 0.00 -703900000.00 0.00 1589300000.00 54400000.00 817900000.00 -109800000.00 -300000.00 0.00 -1681200000.00 0.00 35400000.00 210800000.00 0.00 0.00 0.00 -9300000.00 0.00 -2200000.00 -1400000.00 0.00 -3774500000.00 756400000.00 0.00 0.00 0.00 1205200000.00 0.00 -448800000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5000000.00 1835100000.00 0.00 0.00 0.00 0.00 0.00 0.00 89500000.00 2265200000.00 0.00 0.00 0.00 0.00 -19800000.00 0.00 0.00 0.00 100000.00 38000000.00 0.00 -539300000.00 0.00 -4487200000.00 0.00 0.00 3529600000.00 732000000.00 0.00 0.00 0.00 0.00 3201900000.00 912300000.00 0.00 68600000.00 285500000.00 1566400000.00 0.00 -90600000.00 4540100000.00 -395900000.00 0.00 -395900000.00 629100000.00 233200000.00 Items that will not be reclassified to profit or loss 1301100000.00 Items that will not be reclassified to profit or loss 1300800000.00 1301100000.00 1300800000.00 -1500000.00 -1300000.00 Items that will be reclassified to profit or loss -100000.00 Items that will be reclassified to profit or loss -6100000.00 -100000.00 -6100000.00 0.00 0.00