The shares of the telecom infrastructure provider gained up to 2 percent after the company develop critical defence technologies in line with Atmanirbhar Bharat Abhiyaan.
With a market capitalization of Rs 19,389.52 crore, the shares of HFCL Ltd were trading at Rs 134.40 per share, decreasing around 0.56 percent as compared to the previous closing price of Rs 134.80 apiece.
Reason to rise:-
According to the company filing, HFCL Ltd has indigenously designed and developed various cutting-edge defence technologies including Electronics Fuzes, Ti Cores for Thermal Sights, Thermal Weapon Sights for light machine guns and assault rifles, Ground Surveillance Radars for various ranges and applications, High Capacity Radio Relays, among others.
Moreover, the Company’s indigenously created electronic fuzes for artillery ammunition have already been extensively tested. HFCL owns all intellectual property rights to these items in accordance with the Atmanirbhar Bharat Abhiyaan. The export of these indigenously designed fuzes is now being discussed.
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Furthermore, to meet the crucial Information, Surveillance, and Reconnaissance (ISR) requirements of the Defence and Security Forces, HFCL has strategically concentrated on the development of sophisticated radar technology.
In its original offering, HFCL’s subsidiary, Raddef Private Limited, an R&D firm specializing in cutting-edge radars and RF solutions, designed and produced a range of ground and coastal surveillance radars to fulfill a variety of operational requirements.
Financial performance:-
Looking into the company’s financial performance, revenue plummeted by 4 percent from Rs 995 crore in Q1FY24 to Rs 1,158 crore in Q1FY25, and during the same time frame, net profit shrunk by 76 percent from Rs 76 crore and Rs111 crore.
Order book & manufacturing facilities:-
The company has a strong order book of Rs 6,776 crore which includes Rs 3,092 crore from network service, Rs 1,673 crore from product, and Rs 2,011 crore from O&M. The company has 5 manufacturing facilities and 3 R&D centers with more than 45 countries of presence.
Company profile:-
HFCL Limited is a telecom infrastructure enabler that develops, integrates, manufactures, and supplies telecom equipment, optical fiber, and optic fiber cable. The Company offers turnkey solutions for telecom, railway, defense, smart city, and surveillance applications.
Written by:- Abhishek Singh
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