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Domestic telecom gear maker HFCL is betting big on growth from overseas sales and uptake of defence supplies as the company looks to become a Rs 10,000-crore revenue enterprise, a top company official said. Mahendra Nahata Managing Director HFCL during the company's recent investor call said the firm had an order book of Rs 10,000 crore as on December 31, 2024. "We are increasing our presence by appointing our own employees, distributors, and dealers in key global markets. Our goal is to achieve a substantial rise in export revenue from our optic fibre segment, with a significant portion of revenue coming from international markets in the coming years. Additionally, we aim for a considerable share of our telecom segment revenue to be export-driven," Nahata said. He said the company's board has granted approval for a strategic expansion into Europe by way of setting up an optical fibre cable manufacturing facility in Poland. "The European Commission on December 16, 2024 announced th
Domestic telecom gear maker HFCL posted an 11.95 per cent decline in consolidated profit after tax to Rs 72.58 crore in the third quarter ended December 31, 2025. The company posted a profit after tax (PAT) of Rs 82.43 crore in the same period a year ago. HFCL's PAT on a quarter-on-quarter basis was almost flat. HFCL managing director, Mahendra Nahata said that despite a dynamic and challenging market environment, HFCL has demonstrated resilience with a stable quarterly performance. "Our unwavering commitment to innovation and strategic growth continues to drive us forward. The recent BharatNet order wins are a testament to our expertise in strengthening India's digital infrastructure, reinforcing our position as a trusted technology partner in the Country's broadband revolution," he said. The consolidated revenue of the company declined by 1.97 per cent to Rs 1,011.95 crore in the December quarter from Rs 1032.31 crore a year ago. HFCL along with its consortium partners emerged a
Telecom gear maker HFCL Ltd on Monday said the company along with its consortium partners has been declared the lowest bidder for optical fibre-based broadband network projects worth Rs 13,000 crore under BharatNet Phase III for UP East, UP West and Punjab circles. The company placed bids for UP East and UP West through consortium partners and alone for the Punjab circle. "HFCL-Rail Vikas Nigam Limited (RVNL)-Aerial Telecom Solutions Private Limited, a Consortium has been declared as the Lowest Bidders by Bharat Sanchar Nigam Limited (BSNL), for bids valued at around Rs 6,925 crore to provide middle-mile network in Uttar Pradesh (East) and Uttar Pradesh (West) under the BharatNet Phase III programme," the company said in the filing. The consortium will be awarded 10 years of operation and maintenance (O&M) order at an annual rate of 5.5 per cent of capex for the first five years and 6.5 per cent for the subsequent five years which will be worth about Rs 4,155 crores, after ...
Domestic telecom gear make HFCL on Monday posted 4.5 per cent year-on-year rise in its consolidated net profit for second quarter ended September 2024 (Q2FY25) to Rs 73 crore. The Q2 revenue, however, slipped 1.61 per cent year-on-year to about Rs 1,094 crore. In a statement, HFCL Managing Director Mahendra Nahata noted that the company delivered steady performance despite the ongoing softness in demand for Optic Fiber Cables globally. "Further, monsoon season in several parts of the country impacted execution of work, causing some revenue to spill over into the next quarter," Nahata said. The company said Q2FY25 was marked by some significant milestones. HFCL delivered one of the world's largest advanced broadband network gateway projects for BSNL, it added. The company also entered into a strategic partnership with General Atomics Aeronautical Systems Incorporated (GA-ASI), US, to develop critical sub-systems for one of the world's most sophisticated unmanned aerial vehicles ...