Tag: HFCL

  • Hfcl posts robust Q2 as Ebitda surges fivefold and profit turns positive

    Hfcl posts robust Q2 as Ebitda surges fivefold and profit turns positive

    MUMBAI: Hfcl’s turnaround story gathered pace this quarter, as the technology enterprise reported a stellar second-quarter performance driven by a surge in profitability and expanding international business.

    Revenue rose 19.78 per cent quarter-on-quarter to Rs 1,043.34 crore, while Ebitda shot up nearly fivefold to Rs 203.37 crore from Rs 42.93 crore in Q1 FY26. Margins expanded sharply to 19.49 per cent from 4.93 per cent, and profit after tax swung back into the black at Rs 71.92 crore, reversing a Rs 29.30 crore loss last quarter.

    Exports remained a bright spot, contributing 28 per cent of total revenue in Q2, up from 24 per cent in Q1 and a mere 10 per cent a year earlier, signalling HFCL’s rising global footprint across Europe, the US, the Middle East and Asia-Pacific.

    The company’s defence electronics portfolio also gained traction, with fresh export orders for thermal weapon sights and participation in the Indian Army’s Bmp-2 vehicle upgrade tender underscoring HFCL’s push beyond telecom. A major development came with the Andhra Pradesh government allocating land for its proposed defence manufacturing facility, focused on artillery ammunition shells and multi-mode hand grenades, cementing its ambitions in the self-reliant defence ecosystem.

    Managing director Mahendra Nahata said the results reflect “the power of strategic execution and innovation-driven transformation”. He added that the proposed defence facility marks “a commitment to India’s self-reliance and global leadership in advanced technologies.”

    HFCL, which operates R&D centres in Gurgaon, Bengaluru and Hyderabad, and manufacturing facilities in Hyderabad, Goa, Manesar, Chennai and Hosur, continues to diversify across 5G products, optical fibre, and defence systems, positioning itself as a trusted partner for global telecom and technology players.

     

  • Siti Networks CFO Vikram Singh Panwar resigns

    Siti Networks CFO Vikram Singh Panwar resigns

    MUMBAI: Even as all eyes have been focused on the drama at Zee Entertainment Enterprises, there’s been some developments at the troubled Subhash Chandra-owned Siti Networks too. Chief financial officer Vikram Singh Panwar put in his resignation a couple of days ago. The company filed a notice to this effect with the Bombay stock exchange on 9 August 2023. Panwar will continue with Siti Networks until the end of his notice period.

    Panwar had joined the company as CFO as recently as 15 April 2023. A chartered accountant with more than 18 years of experience, Panwar has been part of the digital and structural transformation journey of various companies in telecom, IT, apparel and textile, chemicals and consulting. Among the firms which he has worked with include:  HFCL, HCL Tech, PwC India, Raymond and PI Industries.

  • Telco gear maker HFCL posts PAT of Rs 84.67 crore in Q4

    Telco gear maker HFCL posts PAT of Rs 84.67 crore in Q4

    NEW DELHI: Homegrown telecom gear maker HFCL reported net profit of Rs 86.47-crore for the quarter ended 31 March 2021, a 1.6 per cent increase over the previous quarter’s Rs 85.11 crores.

    In its earnings reports, the company mentioned it will continue to focus on next-generation and 5G portfolios, following which it has firmed up plans to design 5G small and micro cells.

    HFCL’s current order book stands at Rs 6,875 crore while posting total income of Rs 1,391.4 crore in Q4, as against Rs 1,277.4 crore in Q3. In terms of year-on-year performance, PAT has surged 1364.88 per cent from Rs 5.78 crores for the period ended 31 March 2020. Consolidated income recorded a manifold increase as well, up 109.24 per cent from Rs 668.07 crores at the end of FY20.

    The optic fibre-to-night-vision devices maker reported a total income of Rs 4459.09 crore and net profit of Rs 239 crore during the 12 months period ended 31 March 2021 .

    The company attributed growth mainly to its in-house designed and developed products, in line with the Atmanirbhar Bharat initiative which is adding to its overall profitability.

    The domestic fibre maker works closely with telecom giants like Reliance Jio and Bharti Airtel; both telcos are going aggressive on increasing the FTTH network footprint in large cities for triple-play services. As India moves closer to 5G commercial rollouts, HFCL believes that more relevant business opportunities will soon knock on their doors.

  • Vihaan bags BSNL’s north-east connectivity project

    NEW DELHI: Indigenous telecom equipment manufacturer Vihaan Network Limited has bagged a Rs 16.48 billion telecom infrastructure project of state-owned Bharat Sanchar Nigam Ltd for providing connectivity in over 4000 villages in remote areas of Arunachal Pradesh and Assam.

    Emerging as the lowest bidder in the tender opened for the first phase of the project yesterday by BSNL, VNL will get whole of Arunachal Pradesh which will be around 70 per cent share in the first phase of the North East mobile Connectivity.

    This project is part of the Rs 53.3618 billion worth Comprehensive Telecom Development Plan for the North-Eastern Region (NER) comprising eight states which was approved by the Union Cabinet in September 2014.

    The project envisages providing mobile coverage in 8,621 unconnected villages and seamless coverage along National Highways in the North-East region through 6,673 towers, and will be funded from the Universal Service Obligation Fund (USOF).

    The Project earmarked by BSNL for the domestic technology players would give the remaining 30 per cent to second lowest bidder HFCL with around 20 per cent price differential at Rs. 19.7 billion, but will be executed at the same price as that of the lowest bid.

    VNL has been given the responsibility of creating the infrastructure across bordering state of Arunachal Pradesh while the other partner will execute the project in two districts (Karbi Anglong & Dima Haso) of Assam.

    VNL chairman Rajiv Mehrotra said, “It is both a challenge and opportunity for the home grown company and we consider the awarding of the project is also the recognition of our work for connecting the Left Wing Extremist areas in 10 states. We are committed to successfully complete the Prime Minister’s dream project and wish to express our gratitude to the communications minister Manoj Sinha and BSNL chairman Anupam Shrivastava for reposing faith on us.”

    Under the Phase-I of the project, which is to be executed by state owned operator BSNL, 2817 sites are to be installed to cover 4118 remotely located villages and tough terrains in Arunachal Pradesh and two districts of Assam. Projects are to be executed solely through indigenous technology. As per the project condition, the lowest bidder, Vihaan Networks (VNL) in this case, will get to roll out around 1,893 mobile towers in Arunachal Pradesh.

    “Today, such a concerted move will also fulfill the government’s vision of Make in India and bring in significant indigenization which is the need of the hour. We hope that with the successful completion of this project, the North East states will be seamlessly connected with other parts of the country through mobile coverage.”

    As part of the project Eco-friendly green Mobile towers will be erected by VNL using its own technology and will be fuelled by solar power.

    VNL had also completed successfully a BSNL project last year for creating infrastructure in LWE areas after it bagged the contract as the lowest bidder in December last year for providing voice and data connectivity in the most challenging terrain.

    The Union cabinet then chaired by Prime Minister Narendra Modi had accorded an approval to install and maintain 2,199 mobile towers in Naxal-affected states. Funding came through the USOF (universal service obligation fund) supported scheme.

    VNL was instrumental in executing a major part of this project by installing around 1,315 solar empanelled towers in the LWE region in record time.

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