HFCL

HFCL Q1 result: Net profit up 46.4% at Rs 111 cr as internet demand rises

Domestic telecom equipment maker HFCL Ltd on Tuesday reported a 46.4 per cent year-on-year rise in consolidated net profit for the June quarter to Rs 111 crore. Its revenue rose 16.4 per cent to Rs 1,158 crore in the just-ended quarter, compared to a year ago. HFCL Managing Director Mahendra Nahata noted that amid geo-political challenges, India stands out with its political stability and resilient economy, positioning itself as a prime investment destination. "The technology and telecom sectors are going to play a vital role in achieving the country's vision of 'Viksit Bharat@2047'," he said. The growing demand for high-speed internet, the expansion of 5G networks, FTTH (Fibre To The Home) implementation, hyper-scaling of data centres, advancements in Artificial Intelligence and Machine Learning, the PLI (production-linked incentive) scheme and the thrust on indigenous development and procurement of defence equipment, present substantial opportunities for the company both in domes

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Indian telecom gearmaker HFCL to set up optical fibre cable plant in Poland

Indian telecom gear maker HFCL has announced a strategic expansion into Europe with the setting up of an optical fibre cable manufacturing plant in Poland. In a release, HFCL said the move marks a milestone in the company's global expansion strategy, aimed at addressing the increasing demand for OFC in European markets such as the UK, Germany, Belgium, France, Poland, among others. HFCL's manufacturing unit in Poland will begin with a capacity of 3.25 million fibre km (fkm) and scalable up to 7 million fkm, with an initial capital outlay of up to Rs 144 crore, thus fulfilling the increasing OFC demand. "This strategic move will not only enhance HFCL's agility but also reduce transit times by approximately six weeks, thereby enabling increase in order fulfilment capacity," it said. The establishment of the manufacturing facility in Poland will be facilitated through the incorporation of a new stepdown subsidiary in Poland under HFCL B.V., a wholly-owned subsidiary of the company in

HFCL bags Rs 623 cr contract from domestic telco to supply 5G components

HFCL Limited on Friday said it has bagged a Rs 623 crore order for the supply of indigenously manufactured 5G networking equipment. The contract is from a domestic telecom service provider, HFCL said in a release but did not name the company. HFCL said the order is required to be executed by December 2024. "HFCL Limited...has secured a purchase order of Rs 623 crore for the supply of indigenously manufactured 5G networking equipment," it said. This is the first such large order for 5G networking equipment placed on any Indian company by any telecom service provider, it added. "Our recent order wins are clearly a testament that our strategy of moving from projects to margin accretive products, launching new products, reaching out to new customers and new geographies is paying off well and will bolster our position even further in 2024," HFCL Managing Director Mahendra Nahata said. As per industry estimates, the global 5G last-mile equipment market is projected to reach USD 68 bill

HFCL bags Rs 1,127 cr order to transform BSNL's optical transport network

HFCL Ltd (HFCL) on Monday said it has secured a Rs 1,127 crore order from Bharat Sanchar Nigam Ltd (BSNL) aimed at transforming the Optical Transport Network (OTN) infrastructure across the state-owned telco's pan India network. HFCL's comprehensive network upgrade will not only cater to the requirements of enterprise and FTTH/broadband services but also position BSNL for the future with the seamless launch of 4G services and the anticipation of 5G services in the coming years. HFCL, in a release, said it has secured Rs 1,127 crore order to transform BSNL's Optical Transport Network. "Leveraging its unparalleled expertise in integrating complex systems, HFCL has strategically partnered with the NOKIA Network to deploy state-of-the-art optical technology," the release said. This partnership underlines a commitment to deliver cutting-edge solutions that transcend industry standards and redefine the parameters of technological excellence network, the release added.

HFCL hits 52-week high, zooms over 10% on heavy volumes

The stock has rallied over 21 per cent in the last two trading sessions after unveiling new products for the defence market.

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Stocks to Watch on Monday, December 4, 2023: Hindustan Unilever has decided to split its beauty and personal care business into two separate divisions

HFCL soars 7% on winning Rs 1,015 cr order from Madhya Pradesh govt firm

The company has secured an order aggregating Rs 1,015 crore from Madhya Pradesh Jal Nigam, a Government of Madhya Pradesh Undertaking (MPJN).

RIL backed HFCL bags Rs 83 crore order to supply optical fibre cable

Reliance Industries-backed Himachal Futuristic Communications Limited (HFCL) on Monday said it has bagged a Rs 82.60 crore order from a domestic telecom service provider. In a regulatory filing, the company said it has received the order for the supply of optical fibre cable from an Indian company into telecom services, and the contract is likely to be executed by November this year. HFCL recorded a 42 per cent rise in its net profit to Rs 75.56 crore in the April-June quarter of FY2023-24, up from Rs 53 crore in the year-ago period.

HFCL bags order worth Rs 80 crore from Delhi Metro Rail Corporation

Telecom gear maker HFCL Limited on Tuesday announced it has bagged an order worth Rs 80.92 crore from Delhi Metro Rail Corporation (DMRC). HFCL will set up Fibre Optics Transmission System (FOTS) for Delhi Metro Rail Project, according to a statement. "The company will be involved in the design, manufacture, supply, installation, testing and commissioning of Fibre Optics Transmission System (FOTS) for three priority Corridors of Phase-IV of Delhi Metro Rail Project," the statement said, announcing the Rs 80.92 crore order win from Delhi Metro Rail Corporation. "HFCL has a strong track record in deploying communication networks for various railway projects globally and domestically, including the Mauritius Metro, the ongoing Dhaka Metro project and the Gujarat Metro project coupled with Kanpur-Agra metro rail projects," it said. The company said it is well-positioned to expand its railway capacities in India. "Moreover, HFCL has a rich and varied experience in integrating communica

HFCL receives Rs 80 crore order from DMRC for three priority corridors

The company will be involved in the design, manufacture, supply, installation, testing and commissioning of the fibre optics transmission system

HFCL bags Rs 222 cr order from Reliance Jio for transmission equipment

Domestic telecom gear maker HFCL has bagged about Rs 222 crore order from Reliance Jio and its sister concern Reliance Projects & Property Management Services Limited for transmission equipment, according to a regulatory filing. The company has bagged an order worth Rs 179.24 crore from Reliance Projects & Property Management Services Limited for supplying various types of Optical Fiber Cables by October. Reliance Jio has placed an order worth Rs 42.71 with HFCL to supply indigenously designed, developed and manufactured 700 megabits per second (Mbps) and 1 gigabit per second (Gbps) point-to-point Unlicensed Band Radios by July. "...the Company, along with its material subsidiary, HTL Limited, has received the Purchase Orders aggregating to about Rs 221.95 Crore, consisting Purchase Orders of about Rs 179.24 Crores from Reliance Projects & Property Management Services Limited for the supply of Optical Fiber Cables and of Rs 42.71 crores approximately from Reliance Jio ...

HFCL receives purchase orders up to Rs 222 crore for supply of OFC

The shares of HFCL Limited ended marginally higher at Rs 65.21 on BSE

HFCL consolidated net profit rises 15.5% Y-oY to Rs 79 cr in March quarter

Telecom gear maker HFCL on Monday reported about 15.5 per cent year-on-year rise in consolidated net profit to about Rs 79 crore in the March quarter. Its net profit stood at about Rs 68 crore in the year-ago period. The company's revenue rose 21.13 per cent to about Rs 1,433 crore for the fourth quarter ended March 2023. HFCL Managing Director Mahendra Nahata said the company remains focused on its strategy of increasing revenue from margin accretive products, expansion of capacities coupled with high-level backward integration, huge impetus on R&D, increased customer base and geographical expansion. "Amid the global economic challenges, India remains a promising economy and is expected to emerge as the fastest-growing in the world. Our company has also been able to withstand the economic challenges and has shown sturdy performance in FY22-23," Nahata said in an earnings statement. For the full FY2023, the net profit fell 2.5 per cent to Rs 317.7 crore against about Rs 326 crore

HFCL bags Rs 283-crore order for Gujarat Metro Rail Corporation phase-1

Telecom gear maker HFCL on Wednesday said it bagged a Rs 282.61 crore contract from Gujarat Metro Rail Corporation to deploy communication systems for Surat Metro Rail Project Phase-1. The company has to deploy the project within 90 days from the date of contract. "..the company has bagged an order worth Rs 282.61 crore from Gujarat Metro Rail Corporation (GMRC) Limited, for design, manufacture, supply, installation, testing and commissioning of telecommunication systems for Surat Metro Rail Project Phase-I," the company said in a regulatory filing. Under the contract, HFCL has to provide warranty support for 110 weeks for the system that it will deploy. HFCL has recently won a contract for the integration of communication networks in Kanpur-Agra metro rail project and is currently implementing telecom networks for seven greenfield dedicated freight corridor projects for Indian Railways. HFCL is also integrating communication networks for metros and mainline railways and implement

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HFCL Q3 net profit surges 25% to Rs 102 crore; revenue at 1,086 crore

Domestic telecom gear maker HFCL Limited on Monday posted a 25.3 per cent year-on-year rise in consolidated net profit for the December 2022 quarter at Rs 102 crore. Its net profit stood at Rs 81 crore in the corresponding period of previous year, according to a company statement. Revenue came in at Rs 1,086 crore for Q3 FY23, falling 10.6 per cent over the year-ago period. HFCL Managing Director Mahendra Nahata said over the last few quarters, despite the global supply chain disruptions, the company continued to demonstrate strong business performance with strategy to tap into new geographies, new customers with new products and shift in revenue mix from projects to more of products which resulted in sustainable revenue and margin expansion. The company's order book stood at over Rs 7,000 crore as on December 31, 2022 compared to Rs 5,280 crore in the previous quarter. "HFCL has been granted approval to avail incentives up to Rs 652.79 crore from FY 22-23 to FY 26-27 as part of .

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Stocks to Watch Today: Bikaji Foods, Castrol, Hero MotoCorp, Godrej Properties, Tat Consumer, pharma and insurance related shares are likely to be in focus on Monday.

Telecom gear maker HFCL Q2 profit flat at Rs 84 crore; revenue falls 4.5%

Domestic telecom gear maker HFCL's consolidated net profit remained flat at Rs 84.31 crore for the quarter ended on September 30, 2022, according to the company's statement. The company had posted a net profit of Rs 85.94 crore in the same period a year ago. The consolidated revenue from operations declined by about 4.5 per cent to Rs 1,173 crore compared to Rs 1,122 crore in the September 2021 quarter, it added. "On the backdrop of easing supply chain disruptions and improvement in input costs, we have been able to demonstrate healthy growth in our revenue and margins over last quarter," HFCL Managing Director, Mahendra Nahata said on Wednesday. He said that the company's share of exports to revenues has improved to 16.38 per cent during the reported quarter compared to 9.08 per cent in the September 2021 quarter. "We continue to see strong response in key global markets like Europe, Africa and Middle East, thereby making us optimistic about doubling our exports to Rs 750 crore b

Telecom gear maker HFCL's Q2 net profit remains flat at Rs 84.31 crore

Domestic telecom gear maker HFCL's consolidated net profit remained flat at Rs 84.31 crore for the quarter ended September 30, 2022, as per a filing. The company had posted a net profit of Rs 85.94 crore in the same period a year ago. The consolidated revenue from operations declined by about 6 per cent to Rs 1,051 crore compared to Rs 1,122 crore in the September 2021 quarter, it added.