Domestic telecom equipment manufacturer HFCL is projecting a 25–30% growth in revenue for the current financial year, supported by a significant increase in its order book and a revival in market demand, according to a top company official.
Speaking during the company’s earnings call, HFCL Managing Director Mahendra Nahata said the company’s order book stood at Rs 9,967 crore as of March 31, 2025, up from Rs 7,685 crore a year earlier.
“With strong order book, demand pick-up and full capacity utilization, the company expects growth of 25–30 per cent in revenue of the current financial year on an overall basis with major growth starting from the second quarter,” Nahata said.
Nahata also highlighted HFCL’s innovation milestone, stating that the company has become the first Indian firm to develop and commercially launch 5G Fixed Wireless Access (FWA) customer premises equipment (CPE)—a modem that provides wireless 5G broadband connectivity for homes, reported PTI.
“In its very first year of launch, we have successfully despatched over 4 lakh units of this equipment, demonstrating strong market acceptance. With growing demand from telecom operators and ISPs, we expect to have continuous demand for such products. I am happy to inform you that in the last week we have received another order of Rs 174 crores for this product,” he added.
Despite this progress, HFCL faced a setback in the March quarter, with revenue falling by nearly 39% to Rs 800.72 crore, largely due to weak demand in the optical fibre segment.
Nahata noted that demand for optical fibre cables had remained subdued for the past 6–7 quarters, resulting in capacity utilisation of just 40–45% during FY25. However, the company expects a significant turnaround in the coming quarters.
“Our Optical Fiber Cable manufacturing capacity utilization was also 40 per cent during last financial year. This will also start operating at full capacity by July 2025. With market conditions showing clear signs of recovery and new growth drivers such as 5G rollouts, data centre expansion, BharatNet Phase III execution, and rising export demand, our revenue from optic fibre cable during FY'26 is expected to improve significantly,” Nahata said.
Speaking during the company’s earnings call, HFCL Managing Director Mahendra Nahata said the company’s order book stood at Rs 9,967 crore as of March 31, 2025, up from Rs 7,685 crore a year earlier.
“With strong order book, demand pick-up and full capacity utilization, the company expects growth of 25–30 per cent in revenue of the current financial year on an overall basis with major growth starting from the second quarter,” Nahata said.
Nahata also highlighted HFCL’s innovation milestone, stating that the company has become the first Indian firm to develop and commercially launch 5G Fixed Wireless Access (FWA) customer premises equipment (CPE)—a modem that provides wireless 5G broadband connectivity for homes, reported PTI.
“In its very first year of launch, we have successfully despatched over 4 lakh units of this equipment, demonstrating strong market acceptance. With growing demand from telecom operators and ISPs, we expect to have continuous demand for such products. I am happy to inform you that in the last week we have received another order of Rs 174 crores for this product,” he added.
Despite this progress, HFCL faced a setback in the March quarter, with revenue falling by nearly 39% to Rs 800.72 crore, largely due to weak demand in the optical fibre segment.
Nahata noted that demand for optical fibre cables had remained subdued for the past 6–7 quarters, resulting in capacity utilisation of just 40–45% during FY25. However, the company expects a significant turnaround in the coming quarters.
“Our Optical Fiber Cable manufacturing capacity utilization was also 40 per cent during last financial year. This will also start operating at full capacity by July 2025. With market conditions showing clear signs of recovery and new growth drivers such as 5G rollouts, data centre expansion, BharatNet Phase III execution, and rising export demand, our revenue from optic fibre cable during FY'26 is expected to improve significantly,” Nahata said.
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