HFCL has received purchase order worth Rs 67 crore for supply of optical fiber cables to one of the domestic telecom service providers. Powered by Capital Market - Live News

HFCL yesterday launched its innovative, high-fibre count Intermittently Bonded Ribbon (IBR) Cable at the ongoing India Mobile Congress, Pragati Maidan, New Delhi, India. HFCL`s new 1728-high fibre count IBR cable offering will allow telcos and enterprises to accelerate installation of 5G network infrastructure, expand FTTH capabilities and address the rising demand for high capacity networks particularly from data centres. HFCL is amongst the few companies in India and worldwide that has successfully developed this industry leading product. Compared to traditional 864-fibre flat ribbon cables, the next-gen 1728-fiber IBR Cable offers twice the fibre packing density in the same diameter. HFCL`s gel-free IBR cable is also optimised with high productivity mass fusion splicing for cost efficient deployment, easy installation in congested areas and quick restoration in case of any accidental outage. The manufacturing of these environmentally-friendly IBR cables is further poised to result in reducing plastic consumption per unit of fibre, lowering carbon footprint and expenses associated with network maintenance and upgrades. Powered by Capital Market - Live News

Net profit of HFCL declined 15.20% to Rs 69.42 crore in the quarter ended September 2023 as against Rs 81.86 crore during the previous quarter ended September 2022. Sales declined 5.28% to Rs 1111.49 crore in the quarter ended September 2023 as against Rs 1173.47 crore during the previous quarter ended September 2022. ParticularsQuarter Ended�Sep. 2023Sep. 2022% Var. Sales1111.491173.47 -5 OPM %11.9315.23 - PBDT115.63135.13 -14 PBT94.18113.81 -17 NP69.4281.86 -15 Powered by Capital Market - Live News

Net profit of HFCL declined 10.93% to Rs 67.55 crore in the quarter ended September 2023 as against Rs 75.84 crore during the previous quarter ended September 2022. Sales declined 10.51% to Rs 1001.76 crore in the quarter ended September 2023 as against Rs 1119.35 crore during the previous quarter ended September 2022. ParticularsQuarter Ended�Sep. 2023Sep. 2022% Var. Sales1001.761119.35 -11 OPM %11.4012.58 - PBDT104.70117.42 -11 PBT90.25102.10 -12 NP67.5575.84 -11 Powered by Capital Market - Live News

HFCL will hold a meeting of the Board of Directors of the Company on 19 October 2023.Powered by Capital Market - Live News