Reliance-Backed Multibagger Telecom Infra Company with Rs 6,776 Crore Order Book, Announces Strategic Partnership with General Atomics for Advanced Unmanned Aircraft Sub-Systems!
The company’s shares have delivered a multibagger return of over 120 per cent to its shareholders in just 1 year.
HFCL Ltd, a leading Indian technology enterprise specializing in telecommunication and defense solutions, has entered into a strategic partnership with General Atomics Aeronautical Systems Inc. (GA-ASI). HFCL will develop and supply critical sub-systems for GA-ASI’s advanced Unmanned Aircraft Systems (UAS), marking a significant milestone in HFCL's expansion into high-tech defence solutions.
HFCL’s contribution includes the development of a compact, lightweight radar sub-system for UAVs, adhering to stringent MIL-STD specifications. These systems are known for their durability and performance in challenging environments, underscoring HFCL’s technical excellence in defence technology.
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HFCL’s subsidiary, Raddef, has played a key role in driving innovation with its range of versatile surveillance radars. The company is also working on a cutting-edge Drone Detection Radar and various other radar technologies, including ground surveillance, weather, and coastal radars. This partnership highlights India's growing role in advanced defence technologies.
Today the shares of HFCL Ltd closed the day at Rs 161.20 per share on the BSE. The company's current market capitalization stands at Rs 23,255 crore. Additionally, the shares have delivered a multibagger return of over 120 per cent in just 1 year.
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.