New Delhi, Feb 3 (PTI): Domestic telecom equipment manufacturer HFCL recorded an 11.95% decline in consolidated profit after tax (PAT), reporting ₹72.58 crore for the third quarter ending December 31, 2025. This marks a drop from ₹82.43 crore in the same period last year. However, the company's quarter-on-quarter PAT remained nearly unchanged.
Despite the challenging market conditions, HFCL Managing Director Mahendra Nahata emphasized the company's resilience and stable performance.
"Our unwavering commitment to innovation and strategic growth continues to drive us forward. The recent BharatNet order wins are a testament to our expertise in strengthening India’s digital infrastructure, reinforcing our position as a trusted technology partner in the Country’s broadband revolution," Nahata stated.
Revenue Dip & Major BharatNet Order Wins
HFCL's consolidated revenue declined 1.97% year-on-year to ₹1,011.95 crore, compared to ₹1,032.31 crore in the corresponding quarter last year.In a significant achievement, HFCL and its consortium partners emerged as the lowest bidders for multiple BharatNet Phase III Project bids, with cumulative contract values exceeding ₹8,100 crore.
Expansion into Defense Manufacturing
In addition to its telecom sector activities, HFCL made a notable expansion into defense manufacturing. The company launched a new defense manufacturing unit in Hosur during the December 2024 quarter."The establishment of our new defense manufacturing unit in Hosur marks a significant milestone in our journey towards self-reliance in critical defense technologies. This step not only aligns with the 'Make in India' and 'Atmanirbhar Bharat' initiatives but also enhances our capability to contribute to national security," Nahata added.
As HFCL continues to navigate market challenges, its strategic investments in telecom and defense manufacturing signal a strong focus on long-term growth and self-reliance in key sectors.
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