HFCL Q3 outcomes: Net revenue jumps 87% to Rs 85 cr; agency says biz outlook optimistic

HFCL Ltd on Thursday posted practically 87 per cent leap in its consolidated internet revenue for the December quarter at Rs 85.1 crore and projected an “optimistic” outlook backed by sturdy demand for optical fibre cables, FTTH in addition to momentum in transformational initiatives, and 5G prospects.

The internet revenue within the corresponding interval earlier yr stood at Rs 45.58 crore, in response to a regulatory submitting.

Total revenue got here in at Rs 1,281.45 crore for Q3FY21, up 48.6 per cent over the year-ago interval.

HFCL Managing Director Mahendra Nahata mentioned the corporate had a sturdy order e-book of Rs 7,313 crore with a horny pipeline forward and is seeing good alternatives for its indigenously designed and developed merchandise which have utility throughout industries like telecom, railways and defence.

“Our outlook is very optimistic given the demand we are seeing for optical fibre cables and FTTH (fibre-to-the-home) not just in India but also from exports. Transformational projects like PM-WANI when viewed in conjunction with BharatNet, and add to that, the upcoming 5G rollout, all this will significantly boost the company’s prospects,” Nahata mentioned in a press release.

HFCL Ltd (previously Himachal Futuristic Communications Ltd) is a expertise enterprise engaged in manufacturing of excessive finish transmission and entry tools, optical fibre, optical fibre cables (OFC), with concentrate on organising fashionable communication community for telecom service suppliers, railways, defence, sensible metropolis and surveillance initiatives.