Delayed BharatNet awards
BharatNet Phase 3 contract awards have been delayed beyond initial expectations, impacting order inflow visibility.
HFCL / Q2-FY25 / risks
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HFCL · Material risks, their source context, and severity in the latest available quarter.
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Risk intelligence
Material risks this quarter
high
Sustained OFC demand weakness
Global OFC market remains depressed with capacity utilization at 45%; recovery timing is uncertain.
Customer concentration risk
Top 3-4 customers account for over 60% of revenue, exposing the company to concentration risk.
Rising finance costs
Finance costs increased to INR 44.88 crore in Q2 from INR 42.31 crore in Q1, partly due to higher borrowings for capex.