HFCL shares gain on winning Rs 141-crore order from BSNL

The company reported a consolidated profit of Rs 82.43 crore in the December quarter, down 19 percent from the year-ago period

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HFCL share was trading higher at the open on February 13 after the company bagged a Rs 141-crore order from BSNL.

At 9.19 am, HFCL was quoting at Rs 94.90, up Rs 0.65, or 0.69 percent, on the BSE.

“….. has successfully secured a purchase order aggregating to Rs 141 crores (Capex ~ Rs 119 crores + AMC ~ Rs 22 crores) for supply of indigenously designed and manufactured Unlicensed Band Radios (UBRs) and other associated services to Bharat Sanchar Nigam Limited (BSNL),” the company said in a release.

The order is part of an advance purchase order worth  Rs 179 crore issued by BSNL to the company. The balance order of Rs 38 crore is expected to be released on completion of supply against the current purchase order.

HFCL will offer product and services for supporting BSNL’s 4G network. It will also do initial planning and on-site surveys. It will also supplying telecom equipment and carry out installation, testing, operations and annual maintenance.

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The company reported a consolidated profit of Rs 82.43 crore for the quarter ended December FY24, falling 19 percent compared to the year-ago period.

Revenue fell 4.9 percent year-on-year to Rs 1,032.3 crore in Q3 FY24, while the order book increased to Rs 7,678 crore during the quarter, up from Rs 7,064 crore in Q3 FY23.

In January 2023, the company secured a purchase order of Rs 623 crores for the supply of indigenously manufactured 5G networking equipment.