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  1. HFCL secures advance purchase orders worth ₹2,167.65 crore

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HFCL secures advance purchase orders worth ₹2,167.65 crore

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2 min read | Updated on January 24, 2025, 12:01 IST

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SUMMARY

HFCL is a leading telecom infrastructure developer, system integrator and manufacturer of high-end telecom equipment and optical fibre cables, having its own manufacturing facilities at Solan and Goa.

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HFCL secures advance purchase orders worth Rs 2,167.65 crore | Image source: hfcl.com

HFCL has successfully secured advance purchase orders aggregating to around ₹2,167.65 crore for the supply of Optical Fiber Cables, Telecom Equipment, and related accessories, along with maintenance of the telecom equipment for 10 years, including a 1-year warranty period, for BharatNet Phase III in Uttar Pradesh (East) Telecom Circle and Uttar Pradesh (West) Telecom Circle from Rail Vikas Nigam (RVNL).

The company reported a minor change in total revenue in the September 2024 quarter. The total revenue for the quarter stood at ₹1011 crore against ₹ 1001 crore during the year-ago period. A slim rise of 10.85% was recorded in the Net profit for the quarter ended September 2024 to Rs. 74 crore from Rs. 67 crore. The operating profit of the company witnessed a marginal growth to ₹160 crore from ₹131.8 crore in the same quarter last year.

HFCL is a leading telecom infrastructure developer, system integrator and manufacturer of high-end telecom equipment and optical fibre cables, having its own manufacturing facilities at Solan and Goa, and its subsidiary i.e. HTL facilities in Chennai and Hosur.

Shares of HFCL ltd traded flat at 11:15 am at ₹100 apiece on the NSE and have delivered minor returns of 4.7% in the past year.

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