| |NOVEMBER 20199MARKETWATCH: NEWSTelecommunication and equipment manufactur-ing major HFCL addressed 31.8 percent escalation in its consolidated net prof-it. The company claims that Q2 no-ticed profit of INR 66 crore. The total consolidated revenue during July-September Quarter of fis-cal year 2019 witnessed 19 percent fall. Over the past years HFCL (for-merly Himachal Futuristic Communi-cation ltd) has delivered innovative, customized and competitive products and latest solutions in the high tech-nology telecommunication infrastruc-ture sector. The company's activities cover the entire value chain from manufacturing cutting edge telecom-munication product to implementa-tion of telecommunication network. Moreover, the company has cut down expenses to INR 8,415 crore which assisted rise in prof-it by 24.8 percent with the YOY fall in spending. Sharing the insights on company's performance, MD, HFCL, Mahendra Nahata said, "The company has de-livered another quarter of increased profit and margin. Our sustained all round efforts towards margin im-provement yielded good result."It plans to improve the product and EPC by enhancing various opera-tional measures which would indeed improve the efficiency. It is also striv-ing to balance the expenditure and speed up the project execution. HFCL's Second Quarter Strengthens the Net Profit upto 32 per cent
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