The shares of the next-gen technologies manufacturer gained up to 3 percent after the company received a purchase order for a supply of optical fiber worth Rs 40.36 crore.
With a market capitalization of Rs 16,545.19 crore, the shares of HFCL Ltd were trading at Rs 116.80 per share, increasing around 1.74 percent as compared to the previous closing price of Rs 114.80 apiece
As per the company filing, HFCL Ltd has received the purchase orders aggregating to Rs 40.36 crores for the supply of Optical Fiber Cables to one of the leading Private Telecom Operators in the Country. The period in which the order needs to be executed is June 2024.
Looking into the company’s financial, HFCL Ltd’s revenue declined by 5 percent from Rs 1,086 Crore in Q3FY23 to 1,032 Crore in Q3FY24. During the same period, net profits fell by 19 percent from Rs 102 crore to Rs 82 crore.
As of December 2023, the firm has a strong order book of Rs 7,678 crore, divided into three categories: Rs 2,051 crore for Operations and Maintenance, Rs 5,180 crore for Network Services, and Rs 447 crore for Products.
The company aims to invest EUR 50 billion in fiber broadband deployments in Germany by 2025, expanding coverage from 5.4% to 50% of residences. The federal government donated EUR 12 billion, with the remaining finance coming from private sources.
As of December 2023, Looking into the company’s sectorwise revenue contribution, 89 percent of revenue comes from the public communication sector, 8 percent comes from the defense sector, and 3 percent comes from the railway sector.
The company established 3 R&D centers in Bengaluru, Hyderabad, and Gurugram, and their Focus areas of 5G innovation and Telecommunication products.
HFCL Ltd is a diverse telecom infrastructure enabler with active interests in telecom infrastructure development, system integration, and the manufacturing and distribution of high-end telecom equipment, optical fiber, and optical fiber cable (OFC).
Written by:- Abhishek Singh
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