Page 2 - Hfcl

HFCL consolidated net profit rises 15.5% Y-oY to Rs 79 cr in March quarter

Telecom gear maker HFCL on Monday reported about 15.5 per cent year-on-year rise in consolidated net profit to about Rs 79 crore in the March quarter. Its net profit stood at about Rs 68 crore in the year-ago period. The company's revenue rose 21.13 per cent to about Rs 1,433 crore for the fourth quarter ended March 2023. HFCL Managing Director Mahendra Nahata said the company remains focused on its strategy of increasing revenue from margin accretive products, expansion of capacities coupled with high-level backward integration, huge impetus on R&D, increased customer base and geographical expansion. "Amid the global economic challenges, India remains a promising economy and is expected to emerge as the fastest-growing in the world. Our company has also been able to withstand the economic challenges and has shown sturdy performance in FY22-23," Nahata said in an earnings statement. For the full FY2023, the net profit fell 2.5 per cent to Rs 317.7 crore against about Rs 326 crore

HFCL bags Rs 283-crore order for Gujarat Metro Rail Corporation phase-1

Telecom gear maker HFCL on Wednesday said it bagged a Rs 282.61 crore contract from Gujarat Metro Rail Corporation to deploy communication systems for Surat Metro Rail Project Phase-1. The company has to deploy the project within 90 days from the date of contract. "..the company has bagged an order worth Rs 282.61 crore from Gujarat Metro Rail Corporation (GMRC) Limited, for design, manufacture, supply, installation, testing and commissioning of telecommunication systems for Surat Metro Rail Project Phase-I," the company said in a regulatory filing. Under the contract, HFCL has to provide warranty support for 110 weeks for the system that it will deploy. HFCL has recently won a contract for the integration of communication networks in Kanpur-Agra metro rail project and is currently implementing telecom networks for seven greenfield dedicated freight corridor projects for Indian Railways. HFCL is also integrating communication networks for metros and mainline railways and implement

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Stocks to Watch: Delta Corp, L&T Finance Holdings and PVR are the three stocks in F&O ban period on Tuesday.

HFCL Q3 net profit surges 25% to Rs 102 crore; revenue at 1,086 crore

Domestic telecom gear maker HFCL Limited on Monday posted a 25.3 per cent year-on-year rise in consolidated net profit for the December 2022 quarter at Rs 102 crore. Its net profit stood at Rs 81 crore in the corresponding period of previous year, according to a company statement. Revenue came in at Rs 1,086 crore for Q3 FY23, falling 10.6 per cent over the year-ago period. HFCL Managing Director Mahendra Nahata said over the last few quarters, despite the global supply chain disruptions, the company continued to demonstrate strong business performance with strategy to tap into new geographies, new customers with new products and shift in revenue mix from projects to more of products which resulted in sustainable revenue and margin expansion. The company's order book stood at over Rs 7,000 crore as on December 31, 2022 compared to Rs 5,280 crore in the previous quarter. "HFCL has been granted approval to avail incentives up to Rs 652.79 crore from FY 22-23 to FY 26-27 as part of .

Stocks to Watch: Hero MotoCorp, Castrol, Tata Consumer, HFCL, Bikaji Foods

Stocks to Watch Today: Bikaji Foods, Castrol, Hero MotoCorp, Godrej Properties, Tat Consumer, pharma and insurance related shares are likely to be in focus on Monday.

Telecom gear maker HFCL Q2 profit flat at Rs 84 crore; revenue falls 4.5%

Domestic telecom gear maker HFCL's consolidated net profit remained flat at Rs 84.31 crore for the quarter ended on September 30, 2022, according to the company's statement. The company had posted a net profit of Rs 85.94 crore in the same period a year ago. The consolidated revenue from operations declined by about 4.5 per cent to Rs 1,173 crore compared to Rs 1,122 crore in the September 2021 quarter, it added. "On the backdrop of easing supply chain disruptions and improvement in input costs, we have been able to demonstrate healthy growth in our revenue and margins over last quarter," HFCL Managing Director, Mahendra Nahata said on Wednesday. He said that the company's share of exports to revenues has improved to 16.38 per cent during the reported quarter compared to 9.08 per cent in the September 2021 quarter. "We continue to see strong response in key global markets like Europe, Africa and Middle East, thereby making us optimistic about doubling our exports to Rs 750 crore b

Telecom gear maker HFCL's Q2 net profit remains flat at Rs 84.31 crore

Domestic telecom gear maker HFCL's consolidated net profit remained flat at Rs 84.31 crore for the quarter ended September 30, 2022, as per a filing. The company had posted a net profit of Rs 85.94 crore in the same period a year ago. The consolidated revenue from operations declined by about 6 per cent to Rs 1,051 crore compared to Rs 1,122 crore in the September 2021 quarter, it added.

HFCL, Qualcomm partner for 5G outdoor small cell product development

Domestic telecom gear maker HFCL has partnered with Qualcomm Technologies for design and development of 5G outdoor small cell products, the home-grown firm said on Thursday. In continuation with its 5G strategy, HFCL's investment in 5G Outdoor Small Cell products will enable faster rollout of 5G networks, improved 5G user experience and more efficient utilisation of 5G spectrum, the company said in a statement. "As operators start rolling out 5G networks in India, they need outdoor small cells to complement their macro networks for a seamless 5G experience. "Qualcomm Technologies' innovative and highly integrated 5G small cell platform enables us to more quickly develop a portfolio of small cell products for both sub-6 GHz and millimetre wave to address India and global markets," HFCL Managing Director Mahendra Nahata said. Small cells are expected to play a critical role in 5G networks due to the introduction of higher spectrum bands, which necessitate denser network deployments t

Stocks to Watch: Suzlon, RIL, ONGC, Gas, Airtel, HFCL, Adani Enterprises

Stocks to Watch Today: Domestic oil & gas related stocks are likely to be in focus as the government reduced tax on the former, while raised prices of natural gas to record levels.

New telecom products, exports will drive growth : HFCL MD Mahendra Nahata

HFCL launched the world's first open-source Wi-Fi7 access point that promises faster speed than earlier generations of Wi-Fi networks

HFCL Ltd launches next-gen 8T8 Macro RU product to support 5G in India

HFCL's 5G 8T8R Macro RU is a next generation radio unit that has a compact form factor, improved energy efficiency, and supports digital beamforming and zero touch provisioning

Powering 5G services: Telcos may spend up to $2.5 billion on optical fibres

5G, fibre-to-home, Bharat Net will lead to demand surge in next 3-4 yrs

Stocks to Watch: SBI, PVR, Tata Power, Tamilnad Mercantile Bank, CE Info

Stocks to Watch: Investors Gray Birch, Plenty PE & Multiples PE may sell up to 7.74 per cent stake in PVR today in a price range of Rs 1,852-1,929/share, as per reports

Stocks to Watch: RIL, Bajaj Auto, HDFC, LIC, TVS Motor, IIFL Finance, HFCL

Stocks to Watch Today: Bajaj Auto to consider share buyback on June 14 after 22 years; The 30-day lock-in period for anchor investments in LIC IPO ends on June 13.

Wipro, telecom gear maker HFCL join hands to develop 5G product portfolio

The companies will collaborate on a portfolio of 5G products for the telecommunications sector, including 5G radio access network and 5G transport equipment

Telecom gear HFCL net profit declines 21% to Rs 68 crore in Q4

Domestic telecom gear maker HFCL on Friday posted about a 21 per cent decline in consolidated profit after tax to Rs 68 crore in the fourth quarter ended March 2022.

HFCL joins O-RAN Alliance to speed up open innovation in 5G

HFCL Limited on Monday announced it has joined the O-RAN Alliance, a global community of mobile network operators, vendors, research and academic institutions operating in the RAN industry.

Promoter pledging increases in Dec quarter amid a spike in volatility

The value of promoter pledged holdings stood at Rs 1.97 trillion, 0.81 per cent of the total market capitalisation of the BSE 500 index

HFCL shares tumble nearly 9% post earnings after 4.7% decline in Q3

Shares of domestic telecom gear maker HFCL on Tuesday tumbled nearly 9 per cent after the company posted 4.7 per cent decline in consolidated profit for the third quarter ended December 31, 2021. The stock declined 8.60 per cent to Rs 88.10 on the BSE. At the NSE, it tumbled 8.56 per cent to Rs 88.10. HFCL on Monday posted 4.7 per cent decline in consolidated profit to Rs 81.1 crore for the third quarter ended December 31, 2021 mainly on account of hike in component prices, specially semiconductors. The company had posted a profit after tax of Rs 85.11 crore in the same period a year ago. Revenue declined 4.86 per cent during the quarter to Rs 1,215.21 crore compared to Rs 1,277.48 crore it posted in the same quarter of 2020-21. "Although the demand in the economy is coming back gradually, we had a strong quarter with growth in revenues. The margins during the quarter got slightly impacted followed by increased logistic costs and increase in fiber and semiconductor prices," HFCL

Stocks to Watch: Tech Mahindra, HFCL, NTPC, Bajaj Finance, Just Dial, Sugar

Bajaj Finance, ICICI Prudential Life, Just Dial, Jyoti Structures, LT Technology Services and Tata Elxsi are scheduled to announce December quarter results today.