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Revenue
₹1,158 Cr
verified against source
Revenue YoY
16.38%
reported change
EBITDA
₹185 Cr
latest reported figure
Source
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record provenance
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What the record says.
HFCL reported Q1 FY25 revenue of INR 1,158 crore (+16% YoY), EBITDA of INR 185 crore (15% margin), and PAT of INR 111 crore (+46% YoY). Growth was driven by a surge in telecom equipment revenue to INR 401 crore (vs INR 143 crore in FY24), led by strong demand for UBRs and FWA equipment. The OFC segment remained weak due to global slowdown, but management expects recovery from Q3 FY25. The company targets 25-30% revenue growth for FY25, supported by a robust order book of INR 6,776 crore, PLI benefits, and expansion into passive connectivity solutions and defense. Key risks include delayed OFC demand recovery and execution risks in new product segments.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects overall revenue growth of 25-30% in FY25, driven by telecom equipment and passive connectivity solutions.
- Revenue from telecom and networking products is expected to reach approximately INR 2,000 crore in FY25, up from INR 143 crore in FY24.
- Revenue from passive connectivity solutions is expected to be INR 250 crore in FY25, growing to INR 750 crore in 2-3 years.
- The new optical fiber cable facility in Poland, with a capex of INR 170 crore, is expected to be commercialized within calendar year 2025.
Risks flagged
- Global optical fiber cable market slowdown may persist longer than expected, impacting capacity utilization and margins.
- Ramp-up of FWA equipment and defense product revenues may face delays due to customer approvals or production challenges.
- Product margins in telecom equipment may remain in mid-single digits due to competitive bidding and pricing pressure.
- Large opportunity from BharatNet Phase III is contingent on tender finalization and order wins, which may be delayed.
Key quotes
- We expect the revenue from this segment during financial year 2025 to reach approximately INR 2,000 crores from just INR 143 crores in financial year 2024.
- HFCL has become the largest supplier of UBRs in India and one of the prominent global suppliers, having delivered over 5 lakh units globally.
- There is not a single share of the HFCL which is pledged anywhere. Let me be very clear. There is only non-disposable undertaking. There is no pledge.
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