HFCL secured a ₹173.72 crore order for 5G telecom equipment and additional orders worth ₹76.21 crore. Despite recent profit decline, its order book stands at ₹10,410 crore, with Q4 FY25 results expected on May 22.
The share price of HFCL surged as the company announced a significant order win. As of 10:34 PM IST, the share price of HFCL Ltd was trading at ₹87.20, reflecting an intraday loss of approximately 2.9% from the previous close.
Looking at broader returns, the stock has delivered a positive return of around 5.81% over the last month, a more modest gain of approximately 4.67% in the past three months, and a negative return of about 10% over the past year.
HFCL has announced that it has been awarded a substantial Purchase Order valued at ₹173.72 Crores. This order is for the supply of indigenously manufactured Telecom Networking Equipment that will be utilised for the 5G network of a prominent domestic Telecom Service Provider. HFCL's comprehensive range of both indoor and outdoor Telecom Networking Equipment for 5G networks is expected to play a key role in enabling telecom operators to effectively bridge the digital divide and expedite broadband penetration across both urban and rural regions of the country. The execution of this order is projected to be completed by September 2025.
On Monday, HFCL announced the securing of new purchase orders aggregating approximately ₹76.21 crore. This includes a significant export order valued at $6.91 million, equivalent to around ₹59.19 crore, obtained from an overseas telecommunications company.
Additionally, the company has secured a domestic order worth ₹17.02 crore from ITI Limited, a prominent public sector undertaking in India. These orders are for the supply of various types of optical fiber cables, highlighting the confidence of both international and domestic clients in HFCL's manufacturing capabilities and product quality.
The export order is expected to be executed by September 2025, while the domestic order from ITI Limited is scheduled for execution by June 2025.
As of December 2024, the company has a total order book of ₹10,410 crore.
In Q3FY25, HFCL reported an 11.95% fall in consolidated profit after tax to ₹72.58 crore for Q3FY25. The consolidated revenue declined by 1.97% year-on-year to ₹1,011.95 crore. On a standalone basis, HFCL posted quarterly revenue of ₹960.94 crore, with a PAT of ₹78.48 crore.
The company's board is slated to meet on Thursday, May 22, to announce its Q4 results for FY25.
HFCL Limited is a technology company involved in the design, development, and manufacturing of telecommunications equipment and optical fiber cables. The company's business spans across telecom infrastructure development, system integration, and the supply of high-end telecom equipment and optical fiber cables. Their product portfolio includes optical fibers, various types of optical fiber cables, telecom and networking products like UBR radios and Wi-Fi access points, as well as passive connectivity solutions. HFCL also caters to the defense sector, offering products such as electronic fuzes and surveillance radars. The company has manufacturing facilities in multiple locations in India and serves customers in over 30 countries.
Disclaimer: The article is for informational purposes only and not investment advice.
For android only