Rs 6,776 Crore Order Book: Reliance-Backed Multibagger Telecom Infra Company Hits 52-Week High Today – 2 Per cent of Revenue Comes from Defence!
The company’s shares have delivered a multibagger return of over 100 per cent to its shareholders in just 1 year.
HFCL Ltd (Himachal Futuristic Communications Limited) is a diversified telecom infrastructure enabler with active interests in telecom infrastructure development, system integration, and the manufacturing and supply of high-end telecom equipment, optical fiber, and optic fiber cables (OFC). The company’s order book surged from Rs 6585 crore to Rs 6776 crore YoY. Today the company’s share has hit a 52-week high when the Indian market is trading in red.
Recently, HFCL Ltd a leading technology enterprise and integrated next-generation communications product and solution provider, has completed BSNL's Network Infrastructure Enhancement Project. As part of this project, HFCL has deployed the latest version of the Broadband Network Gateway (BNG) with Control and User Plane Separation (CUPS) architecture and an associated subscriber Policy Manager and Authentication platform. This project, which involved a nationwide deployment across India, was valued at approximately Rs 390 crore, including Operations and Maintenance (O&M).
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At the start of the day's trading session, shares of HFCL Ltd opened at Rs 151.80 per share, compared to the previous day's closing figure of Rs 152.65 per share on the BSE. Currently, the shares are at around Rs 155.60 per share. The company's current market capitalization stands at Rs 22,462 crore. Additionally, the shares have delivered a multibagger return of over 105 per cent in just 1 year.
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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.