Q1 Results: Company went from profit to loss, sharp fall in shares, do you also have investment

News Topical, Digital Desk : The series of quarterly results is continuing and these results are having a direct impact on the stocks of companies. Today, a decline has been seen in one such stock. Telecom infrastructure company HFCL, included in BSE 500, has released its results today. According to the company's results, it has gone from profit to loss compared to last year. After the results, the stock has fallen by more than 3 percent today. The special thing is that the stock has already fallen a lot. After that, it has registered a further decline.

How were the results?

The company, which is included in BSE 500, has informed the stock market that it has suffered a loss of Rs 32 crore in the first quarter, while a profit of Rs 111 crore was recorded in the same quarter last year. There has been a decline in the company's income and the figure has fallen by 25% to Rs 871 crore during the quarter. In the same quarter last year, the company's income was Rs 1,158 crore. A huge decline has also been seen in EBITDA, which has fallen by 83% to Rs 29 crore, while last year it was Rs 174 crore. The company's margin has also registered a sharp decline and it has also come down to 3.3%, which was 15% a year ago. 

Decline in the stock continues After the results, a sharp decline has been seen in the stock and the stock of HFCL slipped by about 5 percent. The loss reduced a bit with the business but the stock is trading with a loss of more than 2 percent. Currently the stock is below the level of 78. The stock is witnessing a continuous decline. On June 9, the stock had reached above the level of 92. The stock is trading 54 percent below its highest level of 171 recorded in September last year. The stock's lowest level of the year is 71.5, which was seen in early April this year. 

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