HFCL bags Rs. 199 Cr OFC order

HTL Limited, a subsidiary company of Himachal Futuristic Communications Limited (HFCL) has bagged purchase order worth Rs. 198.82 crore from Bharat Electronics Limited (BEL) for supply of Optical Fibre Cables (OFC).

Till date, the company has an order booking of around Rs. 10,275 Crore which is spread across all business verticals – telecom, defence, railways, OFC turnkey & manufacturing, smart cities and private operators. The company has also got an overseas order for railway systems.

The company is also adding capacity in optical fiber cable manufacturing subsidiary, HTL which is planned to be completed by the end of July, 2019. The company is also developing new range of WiFi products which is progressing well. HFCL has also increased its R&D and focus is on design and development of new range of telecom products.

In Q1 FY20, HFCL has done remarkably well with consolidated revenues of Rs. 1,343 crore (+23%), EBIDTA of Rs. 194 crore (+104%), PBT of Rs. 157 crore (+116%) and PAT of Rs. 117 crore (+148%). The all-round performance was powered by change in revenue mix, accelerated project execution and efficiency improvement.

On standalone basis, the company has achieved revenues of Rs. 1,201 crore (+16%), EBIDTA of Rs. 164 crore (+84%), PBT of Rs. 136 crore (+94%) and PAT of Rs. 89 crore (+102%).

 

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