The shares of one of the leading telecom infrastructure manufacturers jumped upto 4 percent in the day’s trade upon receiving a work order worth Rs. 64.93 Crores.
With a market capitalization of Rs. 14,128 Crores, the shares of HFCL Limited were trading at Rs. 98.20, up 1.73 percent from its previous day’s close price of Rs. 96.53.
HFCL Limited along with its material subsidiary, HTL Limited has received a work order worth Rs. 64.93 Crores from the Affiliate of a domestic Telecom Service Provider for the Supply of various types of Optical Fiber Cables as per customer specifications and it should be executed by July, 2024.
HFCL Limited is one of the leading telecom infrastructure technology companies, it is engaged in offering end-to-end solutions for establishing the network required for telecommunications, Defense communication, and railway communication in India.
It has the Largest market share in Optic Fibre Cable (OFC) supplies in India in FY22 and 2023 and it is one of the largest Wi-Fi access points manufacturers and UBR along with other telecom products in India. Some of its key customers include Airtel, Larsen & Toubro, Reliance Jio, ITI, Tata, Bharat Electronics, and many more.
HFCL Limited’s sector-wise revenue breakup is as follows, it generated 83 percent of its revenue from Telecom and Cable,15 percent from Defense, and 2 percent from railways.
As of December 2023, it has a total order book worth Rs. 7,678 Crores, category wise it consists of Rs. 5,180 Crores (67.46 percent) for Network services, Rs. 2,051 Crores (26.71 percent) operation and maintenance, and Rs. 447 Crores (5.82 percent) Products.
Its revenue from operations declined by 4.97 percent from Rs. 1,086 Crores in Q3FY23 to Rs. 1,032 Crores in Q3FY24, accompanied by profits of Rs. 102 Crores to Rs. 82 Crores.
Written by:- Bharath K.S
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