Q1 2025 HFCL Ltd Earnings Call Transcript
Key Points
- HFCL Ltd (BOM:500183) has developed a diverse range of new cutting-edge products, including 5G fixed wireless access equipment, unlicensed band backhaul radios, and advanced defense products, which are expected to drive sustainable and profitable growth.
- The European Commission's decision not to impose anti-dumping duty on HFCL Ltd (BOM:500183) and its subsidiary HTL places the company in a strong position to tap growth opportunities in the European market.
- HFCL Ltd (BOM:500183) has received significant orders, including an INR623 crore order for 5G fixed wireless access equipment, indicating strong demand for its products.
- The company has made substantial advancements in wireless technology, becoming the largest supplier of unlicensed band radios (UBRs) in India and a prominent global supplier, with over 5 lakh units delivered globally.
- HFCL Ltd (BOM:500183) expects substantial revenue growth from its Telecom Equipment segment, projecting an increase from INR143 crores in FY24 to approximately INR2,000 crores in FY25.
- The global optical fiber cable market is experiencing a temporary slowdown, impacting HFCL Ltd (BOM:500183)'s revenues in this segment.
- The company has decided to discontinue the manufacturing of polymer compounds due to lower production costs from external suppliers, which may affect internal backward integration.
- HFCL Ltd (BOM:500183) faces challenges in the defense sector, with some products still undergoing trials and awaiting orders, which may delay revenue generation from this segment.
- The company's capacity utilization for optical fiber cable manufacturing is currently at 45%, reflecting the impact of the global market slowdown.
- HFCL Ltd (BOM:500183) has not yet achieved its export revenue target of INR1,500 crores for the current fiscal year due to reduced global demand for optical fiber cables.
Ladies and gentlemen, good day, and welcome to Q1 FY25 results conference call of HFCL Limited hosted by ICICI Securities. Before we begin, I will also like to read the disclaimer statement. Statements made during this call may be forward-looking in nature based on management's current beliefs and expectations. They must be viewed in relation to the risk that HFCL's business faces that could cause its future results, performance or achievements to differ significantly from what is expressed or implied by such forward-looking statements. Investors are therefore requested to check the information independently before making any investment or other decisions.
(Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Mohit Lohia. Thank you, and over to you, sir.
Yeah. Hi, good afternoon, everyone. Thank you, Sumit, and thank you for joining us today for Q1 FY25 earnings call of HFCL Limited. First of all, I would like to thank management for giving us
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