India's HFCL falls on weak Q2 margins

HFCL

22/10/2024 05:56

** Shares of HFCL  HFCL.NS  fall as much as 5.6% to 118
rupees, their lowest since July 26
    ** The communications and networking firm said revenue from
operations fell ~2% YoY
    ** HFCL's EBITDA margin and profit before tax margin
contracted 29 bps and 284 bps YoY, respectively 
    ** Stock eyes fourth consecutive session of falls
    ** HFCL up 43% so far this year

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))