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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
Business Standard
23-05-2025
- Business
- Business Standard
HFCL reports dismal Q4 outcome
HFCL reported consolidated net loss of Rs 81.43 crore in Q4 FY25 as against net profit of Rs 110.6 crore posted in Q4 FY24. Revenue from operations tanked 39.61% year on year on to Rs 800.72 crore in the fourth quarter of FY25. The firm reported a pre-tax loss of Rs 104.93 crore in Q4 FY25, compared to a profit before tax of Rs 149.45 crore in Q4 FY24. Total expenses tumbled 22.85% year-on-year to Rs 918.19 crore during the quarter. Cost of materials/services consumed were Rs 785.63 crore (up 70.50% YoY), while finance costs were Rs 46.76 crore (up 74.72% YoY) during the period under review. The company reported a negative EBITDA of Rs 22.23 crore in Q4 FY25, against an EBITDA of Rs 209.29 crore in Q4 FY24. EBITDA margin stood at 2.79% in Q4 FY25, sharply lower than 15.78% in Q4 FY24. Commenting on the companys performance, Mahendra Nahata, Managing Director of HFCL, said: FY25 was a year of strategic progress amid transitional headwinds. Our financial performance was impacted by weak optical fiber cable demand, margin pressure from newly launched telecom products, and slower customer offtake in the EPC business. Despite these challenges, we focused on building a strong foundation for future growth. With an order book of Rs 9,967 crore and rising product demand, we expect overall performance to improve in FY26. The Optical Fiber and Optical Fiber Cable business is poised for significant revenue growth, backed by rising domestic and global demand. Fiber manufacturing and cable plant capacity utilization, which stood at 45% and 40% respectively in FY25, are ramping up to full utilization with the latter expected to reach full scale by July 2025. Our telecom product portfolio, including routers, 5G Fixed Wireless Access Terminals, Wi-Fi 7 access points, and high-capacity unlicensed band radios, will support revenue growth. In the Defence sector, we anticipate contributions starting Q2 FY26, with strong interest in Ground Surveillance Radars, Electronic Fuses, and a soon-to-be-commercialized Drone Detection Radar. Weve secured a Rs 44.36 crore tactical cable order from the Indian Army via subsidiary HTL Ltd and emerged as L1 bidder for a ₹55 crore Electro Optic devices contract. Our wire harness business is supporting upgrades to fighter aircraft and T-72 tanks, and DRDO has approved tech transfer for two key defence products. A dedicated defence equipment facility has been established in Hosur, Tamil Nadu. To support the rise of hyperscale data centres globally, weve also bolstered our manufacturing capabilities for data centre-centric connectivity solutions a new revenue stream. Exports are a core part of our strategy, with meaningful traction in fiber optic cables, 5G CPEs, routers, Wi-Fi products, and FRP rods. We are also receiving defence equipment enquiries from global markets. With our strong order pipeline and capacity utilization reaching full scale, we expect revenue to grow by 2530% in FY26. Looking ahead, with robust order inflow, strategic investments maturing, and growth across telecom, defence, and data connectivity, we are confident of a strong rebound in FY26. Our focus remains on innovation, global expansion, and long-term value creation. The board of directors has approved a dividend of 10% for FY25, i.e., Rs 0.10 per equity share of face value Re 1 each, subject to shareholder approval at the upcoming annual general meeting (AGM). HFCL is engaged in business of manufacturing of range of products in optical fiber cable ("OFC"), optical fiber and telecom and networking equipment. The company also provides an end-to-end portfolio of integrated next generation optical and data networking solutions for telecommunication, defence communication and railway communication. Shares of HFCL rose 0.28% to Rs 84.74 on the BSE.
Time of India
23-05-2025
- Business
- Time of India
HFCL shares rise 3% after Q4 results; expects 25–30% revenue growth in FY26
HFCL shares rose 3% to Rs 87 in intraday trade on Friday on the BSE after the telecom and defence equipment maker reported its Q4FY25 earnings. The company posted a net loss of Rs 81.4 crore, compared to a profit of Rs 110 crore in the same quarter last year, mainly due to weak demand for optical fibre cables (OFC). Revenue for the quarter declined 39.6% year-on-year to Rs 800.7 crore, from Rs 1,326 crore a year ago. EBITDA turned negative at Rs 36 crore, against a positive EBITDA of Rs 195.5 crore in the year-ago period. The board has approved a 10% dividend of Rs 0.10 per equity share for FY25, subject to shareholder approval at the upcoming annual general meeting. Despite financial challenges, HFCL Managing Director, Mahendra Nahata remained optimistic, "FY25 was a year of both strategic advancement and transitional challenges. While our financial performance was impacted by the downturn in optical fibre cable demand , margin pressure from newly-launched telecom products, and slower customer offtake in our EPC business, we remained focused on strengthening the foundations for long-term growth." Also Read: Adani vs Pakistan: One Indian company bigger than entire Pakistan! Harsh Goenka gives some stats HFCL expects strong revenue growth in FY26, supported by improving domestic and global demand for optical fibre and OFC. Nahata noted that the fibre manufacturing plant, which was operating at 45% capacity, is now running at full capacity. The OFC plant, previously at 40% utilisation, is expected to hit full capacity by July 2025. The company also expects contributions from the defence segment starting Q2FY26, amid growing interest in ground surveillance radar, electronic fuses, and a newly developed drone detection radar slated for production this year. HFCL recently secured a Rs 44.36-crore tactical cable order from the Indian Army through its subsidiary HTL Limited. With a strong order book and full capacity utilisation, HFCL is targeting 25–30% revenue growth in FY26.\ Also read: Honasa Consumer shares skyrocket 12% on reporting 13% YoY revenue growth in Q4 Additionally, HFCL has appointed Bhunvesh Sachdeva as Senior Vice President – International Sales for its communication products business, effective May 22, 2025, following the recommendation of the Nomination, Remuneration, and Compensation Committee. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
