himachal fut.
- Thread starter devansh_god
- Start date
HFCL reports Rs 29.86 cr net profit growth 2/2/2006
NEW DELHI: Himachal Futuristic Communications Ltd (HFCL) has posted a net profit of Rs 29.86 crore for the third quarter ended December 31, 2005, compared with a loss of Rs 16.93 crore in the year-ago period. The turnover was up at Rs 170 crore, driven by the increase in demand from customers of telecom equipment and turnkey services. HFCL's margins at all levels have improved significantly owing to aggressive cost control measures as well as strong revenue growth. The Corporate Debt Restructuring (CDR) programme has restructured the debt and interest payments.
See above
Also see quarterly results for 12/05 (ICICI Direct has a good link within Research)... there was a sizeable interest writeback, presumably relating to the CDR, which underpins this conspicuous 'turnaround'
The spurt you talk about could be in anticipation of continued profits this quarter as well
Cant say abt Anil Ambani ... but, like Ivan says, don't focus too much on such moves/rumors ... what is more important is how the co's viability improves
Do u have any idea on that front ... if so , pl share
AGIILENT
NEW DELHI: Himachal Futuristic Communications Ltd (HFCL) has posted a net profit of Rs 29.86 crore for the third quarter ended December 31, 2005, compared with a loss of Rs 16.93 crore in the year-ago period. The turnover was up at Rs 170 crore, driven by the increase in demand from customers of telecom equipment and turnkey services. HFCL's margins at all levels have improved significantly owing to aggressive cost control measures as well as strong revenue growth. The Corporate Debt Restructuring (CDR) programme has restructured the debt and interest payments.
See above
Also see quarterly results for 12/05 (ICICI Direct has a good link within Research)... there was a sizeable interest writeback, presumably relating to the CDR, which underpins this conspicuous 'turnaround'
The spurt you talk about could be in anticipation of continued profits this quarter as well
Cant say abt Anil Ambani ... but, like Ivan says, don't focus too much on such moves/rumors ... what is more important is how the co's viability improves
Do u have any idea on that front ... if so , pl share
AGIILENT
Devansh, guess you were talking about this...
HFCL zooms on buyout buzz
Our Markets Bureau / Mumbai March 29, 2006
Himachal Futuristic Communications (HFCL) on Tuesday surged on the bourses on the back of heavy volumes following rumours that the it was being taken over by the Anil Ambani-owned Reliance group.
Several leading foreign institutions have been accumulating the stocks over the past few sessions, dealers said.
The scrip jumped 12.07 per cent to close at Rs 26. The stock witnessed huge volumes of 108 lakh shares.
The scrip has gained 25.60 per cent during the past week. The past two weeks average daily trade volume is 21 lakh shares.
HFCL zooms on buyout buzz
Our Markets Bureau / Mumbai March 29, 2006
Himachal Futuristic Communications (HFCL) on Tuesday surged on the bourses on the back of heavy volumes following rumours that the it was being taken over by the Anil Ambani-owned Reliance group.
Several leading foreign institutions have been accumulating the stocks over the past few sessions, dealers said.
The scrip jumped 12.07 per cent to close at Rs 26. The stock witnessed huge volumes of 108 lakh shares.
The scrip has gained 25.60 per cent during the past week. The past two weeks average daily trade volume is 21 lakh shares.
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