Reliance-Backed Multibagger Telecom Infra Company Launches High-Performance Cables: Complete Details Inside!
The company’s shares have delivered a multibagger return of around 115 per cent to its shareholders in just 1 year.
HFCL Ltd a prominent technology enterprise and integrated provider of next-generation communications products and solutions, unveiled a new range of high-performance cable solutions at ISE EXPO 2024 in Dallas, Texas, USA.
Among the introductions was a product line of high-density, single-jacket, single-armor Intermittently Bonded Ribbon (IBR) cables with 144-1728 fibers, which earned the ISE Innovators Award. Additionally, HFCL expanded its acclaimed Nano Thin product line of loose tube micro cables to include an 864-fiber cable with a 10.6mm diameter.
As a leading global supplier of optical fiber cables, HFCL is poised to meet the evolving demands for network deployment, driven by the growth of data centers, metro networks, and FTTx in North America, with these innovative cable solutions. To address the connectivity and bandwidth challenges faced by telcos and enterprises in today’s rapidly changing digital landscape, HFCL introduced its new 144-1728F Single-Jacket Single-Armor IBR Cables.
These cables are the smallest, lightest, and highest-density general-purpose armored ribbon cables available in the North American market. Their rugged design makes them ideal for lashed aerial, direct buried, and duct deployments, with a broad range of fiber counts to support OSP trunk and distribution applications.
At the start of the day's trading session, shares of HFCL Ltd opened at Rs 145.40 per share, compared to the previous day's closing figure of Rs 146.70 per share on the BSE. Finally, the shares closed at Rs 145.60 per share. The company's current market capitalization stands at Rs 21005 crore. Additionally, the shares have delivered a multibagger return of around 115 per cent in just 1 year.
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![NSE:HFCL Chart Image by RaxRakesh](https://s3.tradingview.com/snapshots/4/4PLiCrwe.png)
As per the Quarterly Results, in the Q1 FY25, HFCL Ltd recorded a revenue of Rs 1158 crore compared to Rs 995 crore. The operating profit stood at Rs 175 crore. The net profit stood at Rs 111 crore compared to a profit of Rs 76 crore. Looking at the annual performance, the company generated a revenue of Rs 4465 crore in FY24. The operating profit for FY24 was Rs 582 crore with a net profit of Rs 338 crore compared to a net profit of Rs 318 crore in FY23.
Reliance Strategic Business Ventures Limited owns 3.37 per cent and Reliance Ventures Limited holds 1.57 per cent in the company.
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Disclaimer: The article is for informational purposes only and not investment advice.