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Time of India
6 days ago
- Business
- Time of India
HFCL posts ₹29.30 crore net loss in Q1FY26; board approves ₹700 crore fundraise
NEW DELHI: Homegrown optical fiber cable (OFC) and telecom gear maker HFCL on Friday reported a net loss of ₹29.30 crore in the first quarter of fiscal year 2026 (Q1FY26), declining by 126.48% year-on-year from a net profit of ₹110.65 crore in the corresponding quarter a year ago. On a sequential basis, however, HFCL's net loss narrowed by 64.83%, from ₹83.30 crore in Q4FY25 to ₹29.30 crore in Q1FY26. 'While PAT (profit after tax) stood at ₹(29.30) crores, the performance marked significant operational improvement, and laid the foundation for a strong FY26,' HFCL said in its earnings statement. HFCL's revenue, however, declined by 24.80% year-on-year to ₹871.02 crore in the April-June quarter of FY26, but increased by 8.78% quarter-on-quarter. 'Despite macroeconomic headwinds, the company recorded revenue of ₹871 crores in Q1 FY26, up from ₹801 crore in Q4 FY25, and reported a sharp recovery in EBITDA (earnings before interest, taxes, depreciation and amortisation) at ₹42.93 crores compared to a loss in the previous quarter,' HFCL said. The company's board separately approved fundraising of ₹700 crore in one or multiple tranches, to leverage emerging growth opportunities in the defence and telecom sectors, including strategic investments, and to further strengthen the company's capital base and financial position. HFCL's shares closed 4.2% lower at ₹75.92 on the Bombay Stock Exchange (BSE) Friday. The Delhi-based domestic vendor said after several muted quarters, its OFC business rebounded strongly in Q1FY26, driven by ₹300 crore worth of new export orders and ₹210 crore in export revenues. It also won product approvals from several new international clients and received repeat orders from leading global customers, particularly across Europe and Asia. To cater to rising demand from hyperscale data centres and digital infrastructure globally, HFCL's Board approved the expansion of Intermittently Bonded Ribbon (IBR) cable capacity from 1.73 million to 19.01 million fibre kilometres per annum, increasing total OFC capacity to 42.36 million fkm per annum. According to the statement, HFCL achieved a major milestone by developing and commercially deploying indigenous MPLS routers, securing ₹650 crore in orders under BharatNet Phase III, and also bagging a repeat order worth ₹175 crore for its 5G networking gear from a domestic telecom operator. 'Q1 FY26 has set a strong foundation for what we believe will be a breakout year for HFCL, with 66% of our revenue coming from the product segment and exports contributing 24% to the total revenue. We expect this positive momentum to continue and strengthen in the upcoming quarters,' said Mahendra Nahata, managing director (MD), HFCL. 'We remain confident in our ability to deliver sustained value to all stakeholders in FY26 and beyond,' Nahata added. According to a company statement, the proceeds from the proposed fundraising will, inter alia, be strategically deployed to support various initiatives central to the company's growth agenda, including expansion through organic and inorganic means, acquisitions in related space, new business opportunities, and other strategic initiatives, repayment of debt, working capital, general corporate purposes.
News18
6 days ago
- Business
- News18
Telecom gear maker HFCL reports Q1 loss of Rs 32 cr
New Delhi, Jul 25 (PTI) Telecom gear maker HFCL on Friday posted a loss of Rs 32.24 crore for the quarter ended June 2025, as revenue from operations fell sharply on year-on-year basis. It had logged a profit of Rs 111.30 crore a year ago. Revenue from operations declined to Rs 871 crore in Q1FY26 from Rs 1,158 crore a year ago, according to a BSE filing. The loss (attributable to owners of parent) stood at Rs 32.24 crore in the just-ended quarter. In a release, HFCL said that 'despite macroeconomic headwinds, the company recorded revenue of Rs 871 crore in Q1 FY26, up from Rs 801 crore in Q4 FY25, and reported a sharp recovery in EBITDA at Rs 42.93 crore compared to a loss in the previous quarter". 'While PAT stood at (Rs 29.30 crore), the performance marked significant operational improvement, and laid the foundation for a strong FY26," the earnings release said. HFCL said its order book surged to Rs 10,480 crore, reflecting growing customer confidence and demand visibility. Mahendra Nahata, Managing Director of HFCL said: 'Q1 FY26 has set a strong foundation for what we believe will be a breakout year for HFCL, with 66 per cent of our revenue coming from the product segment and exports contributing 24 per cent to the total revenue." Nahata said the company expects this positive momentum to continue and strengthen in the upcoming quarters. 'Our strategic shift towards high-tech, value-added products in telecom and defence is already yielding encouraging results. With growing global demand, the government's push for `Atmanirbhar Bharat' and our expanding manufacturing capabilities, HFCL is well-poised to lead in next-generation connectivity and secure communication technologies," he said. He exuded confidence about HFCL's ability to deliver sustained value to all stakeholders in FY26 and beyond. PTI MBI MBI ANU ANU view comments First Published: July 25, 2025, 17:30 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
26-05-2025
- Business
- Time of India
HFCL expects 25-30% revenue growth in current fiscal: MD Mahendra Nahata
Domestic telecom gear HFCL expects 25-30% growth in revenue during the current fiscal on account of increase in order book and pick-up in demand, a top official of the company said. During the earnings call, HFCL 's managing director Mahendra Nahata said that the company's order book as of March 31, 2025, has increased to ₹9,967 crore from ₹7,685 crore as on March 31, 2024. "With strong order book, demand pick-up and full capacity utilization, the company expects growth of 25-30 per cent in revenue of the current financial year on an overall basis with major growth starting from the second quarter," Nahata said. He said that HFCL has become the first Indian company to develop and commercially launch 5G Fixed Wireless Access customer premises equipment -- a modem for providing wireless 5G connectivity for home broadband services. "In its very first year of launch, we have successfully despatched over 4 lakh units of this equipment, demonstrating strong market acceptance. With growing demand from telecom operators and ISPs, we expect to have continuous demand for such products. I am happy to inform you that in the last week we have received another order of ₹174 crores for this product," Nahata said. During the March 31, 2025 quarter, HFCL recorded about 39 per cent decline in revenue to ₹800.72 crore mainly on account of poor demand for optical fibre. Nahata said that after experiencing subdued demand for optical fibre cable over the past 6-7 quarters leading to lower capacity utilization, the company's optical fibre manufacturing has now begun operating at full capacity starting June 2026 quarter as against 45 per cent capacity utilisation during FY25. "Our Optical Fiber Cable manufacturing capacity utilization was also 40 per cent during last financial year. This will also start operating at full capacity by July 2025. With market conditions showing clear signs of recovery and new growth drivers such as 5G rollouts, data centre expansion, BharatNet Phase III execution , and rising export demand, our revenue from optic fibre cable during FY'26 is expected to improve significantly," Nahata said.
Time of India
25-05-2025
- Business
- Time of India
HFCL expects 25-30 pc revenue growth in current fiscal: MD Mahendra Nahata
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Domestic telecom gear HFCL expects 25-30 per cent growth in revenue during the current fiscal on account of increase in order book and pick-up in demand, a top official of the company said. During the earnings call, HFCL's managing director Mahendra Nahata said that the company's order book as of March 31, 2025, has increased to Rs 9,967 crore from Rs 7,685 crore as on March 31, 2024."With strong order book, demand pick-up and full capacity utilization, the company expects growth of 25-30 per cent in revenue of the current financial year on an overall basis with major growth starting from the second quarter," Nahata said that HFCL has become the first Indian company to develop and commercially launch 5G Fixed Wireless Access customer premises equipment -- a modem for providing wireless 5G connectivity for home broadband services."In its very first year of launch, we have successfully despatched over 4 lakh units of this equipment, demonstrating strong market acceptance. With growing demand from telecom operators and ISPs, we expect to have continuous demand for such products. I am happy to inform you that in the last week we have received another order of Rs 174 crores for this product," Nahata the March 31, 2025 quarter, HFCL recorded about 39 per cent decline in revenue to Rs 800.72 crore mainly on account of poor demand for optical said that after experiencing subdued demand for optical fibre cable over the past 6-7 quarters leading to lower capacity utilization, the company's optical fibre manufacturing has now begun operating at full capacity starting June 2026 quarter as against 45 per cent capacity utilisation during FY25."Our Optical Fiber Cable manufacturing capacity utilization was also 40 per cent during last financial year. This will also start operating at full capacity by July 2025. With market conditions showing clear signs of recovery and new growth drivers such as 5G rollouts, data centre expansion, BharatNet Phase III execution , and rising export demand, our revenue from optic fibre cable during FY'26 is expected to improve significantly," Nahata said.
Time of India
25-05-2025
- Business
- Time of India
HFCL targets 25–30% revenue growth in FY26 on strong order book and 5G product demand: MD
Domestic telecom equipment manufacturer HFCL is projecting a 25–30% growth in revenue for the current financial year, supported by a significant increase in its order book and a revival in market demand, according to a top company official. Speaking during the company's earnings call, HFCL Managing Director Mahendra Nahata said the company's order book stood at Rs 9,967 crore as of March 31, 2025, up from Rs 7,685 crore a year earlier. 'With strong order book, demand pick-up and full capacity utilization, the company expects growth of 25–30 per cent in revenue of the current financial year on an overall basis with major growth starting from the second quarter,' Nahata said. Nahata also highlighted HFCL's innovation milestone, stating that the company has become the first Indian firm to develop and commercially launch 5G Fixed Wireless Access (FWA) customer premises equipment (CPE)—a modem that provides wireless 5G broadband connectivity for homes, reported PTI. 'In its very first year of launch, we have successfully despatched over 4 lakh units of this equipment, demonstrating strong market acceptance. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng với sàn môi giới tin cậy IC Markets Đăng ký Undo With growing demand from telecom operators and ISPs, we expect to have continuous demand for such products. I am happy to inform you that in the last week we have received another order of Rs 174 crores for this product,' he added. Despite this progress, HFCL faced a setback in the March quarter, with revenue falling by nearly 39% to Rs 800.72 crore, largely due to weak demand in the optical fibre segment. Nahata noted that demand for optical fibre cables had remained subdued for the past 6–7 quarters, resulting in capacity utilisation of just 40–45% during FY25. However, the company expects a significant turnaround in the coming quarters. 'Our Optical Fiber Cable manufacturing capacity utilization was also 40 per cent during last financial year. This will also start operating at full capacity by July 2025. With market conditions showing clear signs of recovery and new growth drivers such as 5G rollouts, data centre expansion, BharatNet Phase III execution, and rising export demand, our revenue from optic fibre cable during FY'26 is expected to improve significantly,' Nahata said. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
