HFCL Limited has received new orders totalling Rs 76.21 crore, including an export order of Rs 59.19 crore and a domestic order of Rs 17.02 crore for optical fiber cable supply
The share price of HFCL surged as the company announced significant wins in both international and domestic orders. As of 12:50 PM IST, the share price of HFCL Ltd was trading at ₹90.92, reflecting an intraday gain of approximately 2% from the previous close. The stock has recorded a high of ₹92.65 and a low of ₹88.87 during the day.
Looking at broader returns, the stock has delivered a positive return of around 9% over the last month, a more modest gain of approximately 3.5% in the past three months, and a negative return of about 7% over the past year.
HFCL Limited has 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.
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