Rs 6,776 crore order book: Telecom infrastructure company showcased its latest range of innovative high-density blown fibre solutions at the Connected Britain 2024 event
The stock gave multibagger returns of over 140 per cent from its 52-week low of Rs 61.52 per share and a whopping 660 per cent in 5 years.
HFCL Ltd, a leading technology company, has introduced a new range of high-density fibre solutions designed to expedite gigabit-capable network construction in the UK. These innovative solutions offer significant advantages by reducing the need for additional duct installations, thus accelerating project timelines and lowering costs. One of the standout features of these cables is their increased fibre count within the same diameter, resulting in higher efficiency and reduced infrastructure requirements. Additionally, HFCL's new aerial cable technology has received approval from Openreach's Physical Infrastructure Access (PIA), enabling seamless connectivity even in densely populated areas.
The company's commitment to the UK market is evident through its local offices, warehousing facilities, and experienced team. This strong presence ensures efficient delivery, installation, and customer support, fostering sustainable full-fibre deployment. HFCL's showcased products include Compact Fibre Units (CFUs) with capacities ranging from 1 to 12 fibres, a 36F Fibre Blown Nano family cable, and a new Openreach PIA-approved 1F Aerial Drop Cable. These solutions are poised to revolutionize broadband connectivity in the UK by enabling operators to connect customers more swiftly, cost-effectively, and sustainably.
HFCL's latest offerings are a testament to its dedication to advancing fibre infrastructure and accelerating broadband rollouts in the UK. By targeting the Building Digital UK (BDUK) initiative, the company aims to bridge the digital divide and provide high-speed internet access to underserved areas. The showcased Compact Fibre Units (CFUs) are particularly noteworthy, as they offer exceptional performance and efficiency in micro ducts. The 36F Fibre Blown Nano family cable further enhances fibre density within existing duct networks, eliminating the need for costly civil works. Moreover, HFCL's commitment to sustainability is evident in the eco-friendly manufacturing practices adopted for these products. The PIA-approved aerial drop cable provides a cost-effective and high-quality solution for extending connectivity to rural or hard-to-reach areas.
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About the Company
HFCL is a leading technology company that designs and delivers advanced digital network solutions for telecommunication companies, enterprises, and governments. Backed by decades of experience in fiber optics and strong research and development capabilities, HFCL offers a comprehensive range of high-tech solutions, including 5G equipment, Wi-Fi systems, and optical fiber cables. Their in-house R&D centers and collaborations ensure cutting-edge products that meet the ever-changing demands of modern networks. With a commitment to quality, environmental responsibility, and providing the latest technology, HFCL has become a trusted partner for its customers worldwide.
Consolidated Quarterly Results: The net sales increased by 16.4 per cent to Rs 1,158.24 crore, the operating profit increased by 16.1 per cent to Rs 185.37 crore and the net profit increased by 46.9 per cent to Rs 111.31 crore in Q1FY25 vs Q1FY24.
Consolidated Annual Results: The company reported net sales of Rs 4,465.05 crore, an operating profit of Rs 682.13 crore and a net profit of Rs 336.59 crore in FY24.
Order Book Update: As of June 2024, the company’s order book stands at Rs 6,776 crore. Out of the total order book, Government orders are worth Rs 4,706 crore and private company orders are worth Rs 2,070 crore.
Today, shares of HFCL Ltd surged 2.24 per cent to Rs 150.40 per share with an intraday high of Rs 152.30 and an intraday low of Rs 146.85 from its previous closing of Rs 147.10 per share. The stock’s 52-week high is Rs 160.60 per share and its 52-week low is Rs 61.52 per share.
The company has a market cap of over Rs 21,000 crore. The stock gave multibagger returns of over 140 per cent from its 52-week low of Rs 61.52 per share and a whopping 660 per cent in 5 years. Investors should keep an eye on this multibagger telecom infrastructure stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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