The shares of one of the leading telecom infrastructure manufacturers jumped 6 percent in the day’s trade, as it became the first Indian company to design and introduce 5G Fixed Wireless Access (FWA) products in India.
At 10:38 a.m the shares of HFCL Limited were trading at Rs. 81.20, up 5 percent from its previous day’s close price of Rs. 77.30 and its market capitalization is Rs. 11,606 Crores.
HFCL Limited has introduced its indigenously designed and developed 5G Fixed Wireless Access (FWA) and Customer Premise Equipment (CPE) solution, with this it becomes the first Indian company to design 5G FWA products in India.
As India emerges as one of the fastest nations to roll out the 5G network, the 5G technology has already become a global phenomenon. To fully unleash 5G’s potential, it is crucial to provide robust last-mile solutions that cater to the diverse needs of telecom service providers and end-users.
HFCL’s 5G FWA Products will be able to give optical-fiber-like connectivity on 5G wireless networks to the customers bridging the gap between broadband served and unserved areas by ensuring flawless wireless broadband connectivity
Industry estimates project the global 5G FWA market to reach USD 68 billion by 2030. HFCL’s dedication to advancing 5G technology through cutting-edge research and development underscores its pivotal role in reshaping the future of telecommunications
The government of India is expected to invest USD 10-12 Billion each year towards boosting the telecom infrastructure over the next 4-5 years and an estimated spend of USD 1.5-2 Billion for Optic Fiber Cables along highways for the next 3 to 4 years.
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 September 2023, it has a total order book worth Rs. 7078 Crores, category wise it consists of Rs. 4696 Crores (66 percent) for Network services, Rs. 1,880 Crores (26.5 percent) operation and maintenance, and Rs. 502 Crores (7 percent) Products.
Its revenue from operations jumped 0.34 percent from Rs. 4,721.11 Crores in FY22 to Rs. 4,743.31 Crores in FY23, accompanied by profits of Rs. 325.86 Crores to Rs. 317.71 Crores.
Written by: Bharath K.S
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