HFCL has recently informed exchanges that the company executed an agreement with Bharat Sanchar Nigam Limited (BSNL) for the BharatNet Phase-III Programme in the Punjab Telecom Circle. This follows the receipt of an Advance Work Order (AWO) worth approximately INR 2,501.30 Crores, as announced on January 16, 2025.
As the first company to become a Project Implementation Agency (PIA) under this initiative, HFCL will spearhead the execution of the BharatNet Phase-III project in Punjab. The agreement marks a significant milestone in HFCL’s commitment to advancing India’s digital infrastructure.
This development underscores HFCL’s commitment to advancing India’s digital infrastructure and its pivotal role in the BharatNet initiative, which aims to enhance broadband connectivity across the country, particularly in rural areas.
HFCL Q3 FY25 Results
HFCL Limited recently announced its consolidated financial results for Q3 FY25, demonstrating resilience despite market fluctuations. The company reported revenue from operations at Rs 1,011.95 crore, a slight dip compared to Rs 1,032.31 crore in the same quarter last year. Total income stood at Rs 1,031.99 crore, while profit before tax was Rs 100.26 crore. The net profit for the quarter was Rs 72.58 crore, down from Rs 82.43 crore year-over-year.
On a sequential basis, revenue declined from Rs 1,093.61 crore in the previous quarter, while net profit remained relatively stable at Rs 72.58 crore compared to Rs 73.33 crore in Q2 FY25. Despite short-term fluctuations, HFCL’s nine-month performance remained strong, with revenue increasing to Rs 3,263.80 crore from Rs 3,138.99 crore in the previous year, and net profit rising to Rs 267.34 crore.
