HFCL share price showed an early gain on March 10, following the announcement that its subsidiary had secured a contract from the Indian Army. At 09:17 AM, the stock was priced at Rs 84.05, reflecting an increase of Rs 0.19 or 0.23% on the BSE.
Order Details
HTL, a material subsidiary of HFCL, has obtained an order worth Rs 44.36 crore from the Indian Army. This contract supplies tactical optical fibre cable assemblies specifically designed to endure heavy armoured vehicle loads. These assemblies feature military-grade connectors tailored for challenging operational environments.
Recent Developments
In February, HFCL agreed to serve as a project implementation agency under BharatNet Phase-III with Bharat Sanchar Nigam Limited (BSNL). This agreement involves executing a project valued at Rs 2,501.3 crore in the Punjab Telecom Circle.
In January, HFCL received advance purchase orders totalling Rs 2,167.65 crore. These orders involve supplying optical fiber cables, telecom equipment, and related accessories and maintaining the telecom infrastructure for 10 years, including a one-year warranty. This contract is part of BharatNet Phase-III for Uttar Pradesh (East) and Uttar Pradesh (West) Telecom Circles.
Financial Performance
Q3FY25 Financials
- Net Profit: Rs 73.65 crore, reflecting a 10.4% decline from Rs 82.24 crore in December 2023.
Summary
HFCL's recent contract wins, including the Indian Army order and agreements under BharatNet Phase-III, highlight its role in the telecom and defence sectors. Despite a decline in net profit for Q3FY25, the company has continued to secure significant projects, contributing to its market presence.
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