HFCL2024-04-012024-06-30 HFCL2024-04-012024-06-30in-bse-fin:OneOperatingExpenses01Member HFCL2024-06-30 HFCL2024-04-012024-06-30in-bse-fin:OneReportableSegmentRevenue01Member HFCL2024-04-012024-06-30in-bse-fin:OneReportableSegmentRevenue02Member HFCL2024-04-012024-06-30in-bse-fin:OneReportableSegmentRevenue03Member HFCL2024-04-012024-06-30in-bse-fin:OneReportableSegmentResults01Member HFCL2024-04-012024-06-30in-bse-fin:OneReportableSegmentResults02Member HFCL2024-04-012024-06-30in-bse-fin:OneReportableSegmentResults03Member HFCL2024-04-012024-06-30in-bse-fin:OneReportableSegmentAssets01Member HFCL2024-04-012024-06-30in-bse-fin:OneReportableSegmentAssets02Member HFCL2024-04-012024-06-30in-bse-fin:OneReportableSegmentAssets03Member HFCL2024-04-012024-06-30in-bse-fin:OneReportableSegmentLiabilities01Member HFCL2024-06-30in-bse-fin:OneReportableSegmentLiabilities01Member HFCL2024-04-012024-06-30in-bse-fin:OneReportableSegmentLiabilities02Member HFCL2024-06-30in-bse-fin:OneReportableSegmentLiabilities02Member HFCL2024-04-012024-06-30in-bse-fin:OneReportableSegmentLiabilities03Member HFCL2024-06-30in-bse-fin:OneReportableSegmentLiabilities03Member HFCL2024-04-012024-06-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member HFCL2024-04-012024-06-30in-bse-fin:OneItemsThatWillBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 500183 HFCL NOTLISTED HFCL Limited Equity 2024-04-01 2025-03-31 2024-07-24 2024-07-12 INR Crores First quarter 17:00:00 17:35:00 2024-07-24 2024-07-24 Not applicable Multi segment 2024-04-01 2024-06-30 Unaudited Consolidated 11582400000.00 105000000.00 11687400000.00 4113000000.00 4355600000.00 -274600000.00 887000000.00 423100000.00 240700000.00 752700000.00 10497500000.00 1189900000.00 0.00 1189900000.00 214900000.00 -133500000.00 81400000.00 0.00 1108500000.00 0.00 0.00 0.00 -2000000.00 1106500000.00 1951000000.00 3057500000.00 1113000000.00 -6600000.00 3064000000.00 -6600000.00 1441800000.00 1 0.77 0.77 0.00 0.00 0.77 0.77 Notes : 1. The above Un-Audited Standalone & Consolidated Financial Results of the Company for the first quarter ended 30th June, 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 24th July, 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 previous year, the Company had 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 Approx. Rs. 352.00 Crore (including securities premium of Rs.346.90 Crore). The issue was made through eligible Qualified Institutional 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. 278.54 Crore ( including share issue expenses) towards purposes/objects specified in the placement document.The balance amount of QIP proceeds amounting to Rs.73.46 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, the Allotment Committee (Warrants) of the Board of Directors, vide its resolutions passed on February 07, 2024, March 22, 2024 and April 11, 2024 had approved the allotment of 1,00,00,000 (One Crores), 22,00,000 (Twenty-Two Lakhs) and 17,00,000 (Seventeen Lakhs) equity shares respectively, having face value of Re.1/- (Rupee One only) each, at a premium of Rs.79/- per equity share, fully paid-up, upon conversion of warrants. 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. ...........Due to size constraint Notes continued on Segment Notes Othr Expenses 752700000.00 Others 5000000.00 Telecom Products 7113600000.00 Turnkey Contracts and Services 4463800000.00 11582400000.00 0.00 11582400000.00 Others 21800000.00 Telecom Products 476900000.00 Turnkey Contracts and Services 1066500000.00 1565200000.00 423100000.00 -45800000.00 4. The Consolidated financial results for the first quarter ended 30th June, 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 n. Blue Diwali Sp z.o.o. (Wholly owned Subsidiary of HFCL B.V.- Netherlands) - Poland 5. Earning per share is not annualised for the Quarter ended 30th June 2024, 31st March, 2024 and 30th June 2023 . 6. The Figures of the quarter ended March 31, 2024 were balancing figures between audited figures in respect of the full financial year ended 31st March 2024 and the published year to date figures upto the third quarter of the respective financial year, which were subject to limited review by the Auditors. 7. During the quarter, the Company has recognised Deferred Tax Asset on unabsorbed capital losses to the extent that of virtual certainty of sufficient future taxable profits on the sale of investments. 8. The figures of the previous periods have been re-grouped/ re-arranged wherever considered necessary. (Arvind Kharabanda) Director DIN 00052270 Place : New Delhi Date : 24th July 2024 1187900000.00 Others 106300000.00 Telecom Products 28485200000.00 Turnkey Contracts and Services 35523600000.00 64115100000.00 9695600000.00 73810700000.00 Others 13700000.00 Telecom Products 13283400000.00 Turnkey Contracts and Services 10488500000.00 23785600000.00 6867000000.00 30652600000.00 Items that will not be reclassified to profit or loss 1954000000.00 1954000000.00 1800000.00 Items that will be reclassified to profit or loss -1200000.00 -1200000.00 0.00