our performance

Our Performance








Managing Director’s Message Pursuing growth in a dynamic environment

profile-pic
Dear friends,

The world has quietly ushered in a new decade in the midst of a pandemic. Although the scars of the pandemic run deep, they have not been able to dim human spirit, ingenuity and the courage to forge ahead. Let’s commend each one of us for facing the adversity with grit and determine to pursue the path of progress and prosperity together…
Read More

cg-big3

Dear friends,

The world has quietly ushered in a new decade in the midst of a pandemic. Although the scars of the pandemic run deep, they have not been able to dim human spirit, ingenuity and the courage to forge ahead. Let’s commend each one of us for facing the adversity with grit and determine to pursue the path of progress and prosperity together.

For HFCL, FY21 was a standout year in many ways. We recast our aspiration to transform ourselves as a Company, led by technological innovations and backed by our cost leadership, an attribute, we knew, would help commoditise our innovations. We also aimed to foster a wider global collaboration to co-develop new technologies and expand our manufacturing capabilities so that we could deploy our products and network solutions over a wider area across the globe.

We navigated the COVID-19 storm with dexterity and compassion, protecting our assets, including people, while preparing the organisation for the next era of digital revolution.

And that dream of a ‘digital tomorrow’ is dawning upon us. Right here, right now.

From the neighbourhood dispensary to a school in distant rural India, everything is going digital. Shop floors are turning digital, and soon, automated cars may be plying the road. In the immediate future, data consumption could become as integral to life as oxygen.

A decade of evolution

It is in this context that I reminisce on our evolution (2011–2020) with pride and look ahead at opportunities with excitement. Thankfully, our preparation and perseverance over the years have positioned HFCL at the right place at the right time with the right bouquet of products, solutions, an innovation mindset and a strong pipeline.

An important facet of our transformation has been the consistent work that we have succeeded in putting across in three areas.

First, in deepening our inherent strengths in globally competitive manufacturing of network equipment, optic fiber, optical fiber cables and cable accessories.

Second, in sharpening our skills and credentials in adjacencies by way of newer business avenues and divisions.

Third, and the most decisive aspect, continued calibration of our positioning in the opportunity landscape, which led to a robust organisation that delivered sustained profitable growth.

As we progress into this new decade, it is truly upon us to pick and pursue opportunities in segments and geographies that we find most fulfilling and value accretive. All the strategic moves that we have been making in the last six to eight quarters are now crystalising into building blocks for a decade of future growth.

In this age of technological advancements and digitalisation, it is imperative for organisations to ramp up their R&D investments to ensure that they are able to stay ahead of their peers. Aware of this reality, we have substantially increased our R&D focus over the years, to ensure that we are able to position ourselves as a technology-driven company.

Looking back at FY21, we saw decisive growth in our technological strength. We opened a new R&D Centre at Bengaluru. We empowered ourselves with various collaborative arrangements to co-innovate future technologies. This is reflecting in our R&D investments, which rose significantly during the last few years. We intend to continue increasing it, going forward.

Our efforts yielded success in form of several products already developed and few under development.

At HFCL, our goal has always been to become an industry benchmark, irrespective of the sector. Our business/functional heads for each segment have years of experience and expertise in their respective fields. They operate/function independently and take decisions they feel are best-suited for the business.

Performance review

At the same time, we made a conscious effort to tilt our revenue as well as order mix towards a margin-accretive and capital efficient mix. Our FY21 performance reflects the kind of results that this shift is likely to generate in the near future.

While analysing our consolidated financial performance, we must bear in mind the impact of the lockdown in the early part of the year and the continued restrictions and volatilities that we had to embrace throughout the year. Our revenues grew by 15.2% to reach Rs. 4,422.96 crores while a healthy growth of 13.5% took our EBITDA to Rs. 585.71 crores. Profit after tax grew by 3.8% to reach Rs. 246.24 crores. We closed the year with an outstanding order book of Rs. 6,875 crores.

A world of possibilities

The changing world dynamics and the operational environment – given the emphasis on digital and personal safety – are leading to a surge in demand across our end markets, be it in telecom, defence, railway, security & surveillance. Additionally, the GOI’s focus on self-reliance and improving homeland security has opened up multiple opportunities for us.

The telecom sector in India is at an inflection point, given the impending switch to 5G network; expanding 4G rollout by telcos; PLI schemes to boost exports; the implementation of BharatNet Phase 2 and the GOI’s focus on rural connectivity through Digital India drive are creating an unprecedented environment for growth.

Moreover, the additional 4G spectrum allocation and increased broadband adoption have led to increased demand in the Optical Fiber Cable including FTTH cables. In the defence market, the increasing focus on upgrading equipment to world standard, growing emphasis on better network connectivity and communication, and the call for self-reliance through AatmaNirbhar Bharat Abhiyan are also widening possibilities. At the same time, railway systems are being expanded and modernised. There is also growing awareness on the importance of security and surveillance. There are now multiple opportunities we can pursue across all the areas we are present in.

Strategic objectives

Gearing up to take full advantage of the emerging opportunities, we have devised multiple strategies.

The first is the formation of a strategic business division for pursuing the 5G opportunity, including in-system integration required for a seamless implantation through O-RAN. The division is undertaking an inside-out approach to identify, strategise and execute all relevant 5G opportunities in a centralised manner, leveraging our existing strengths in R&D, manufacturing, network implementation and customer relationships while bridging the gaps through collaborative pursuits, wherever warranted.

The second strategic move is to scale up our manufacturing capacities and capabilities across optical fiber, optical fiber cable and FTTH cable. We are already implementing modernisation and expansion of Optical Fiber and Optical Fiber Cable manufacturing capacities by 20-25% and also in the process of setting up a greenfield facility for manufacturing defence equipment. The expansions are taking place across three manufacturing locations in Hyderabad, Goa and Chennai (HTL), and are expected to be commissioned between October 2021- March 2022.

Third, we participated in the recently announced PLI scheme of the Government of India through our newly formed wholly owned subsidiary, HFCL Technologies Private Limited. We believe this will aid us in further expanding our geographic markets by making our products more competitive and our margins more attractive. To grow our footprint abroad, we are recruiting technocrats with proven track record and international experience to guide product and market development.

Additionally, we are strategically focusing on increasing our product business share to ~60% of revenue over the next couple of years. This will aid us in increasing margins and expanding our market presence while leading to a faster turnaround and reduction in working capital requirements.

Sharpening focus

Having laid robust foundations for future growth, we continue to invest in strengthening our capabilities by enriching our talent pool, sharpening and digitising our operational processes. We continue to look for opportunities to leverage our strength in building indigenous technology-driven products to enter new segments, including IoT and contributing to Industry 4.0. We are also looking for opportunities to enter data analytics, big data and cybersecurity as a natural extension of our product basket.

Before I conclude, I must mention that your continued trust and patronage, through thick and thin, inspire us to put in our best efforts. I thank you for your steadfast belief in our capabilities and look forward to co-creating greater value throughout a new and promising decade.

Stay safe and stay positive!

Mahendra Nahata
Managing Director

Board of Directors

Financial Results Archives


Announcement made to Stock Exchanges

BSE

  • Press Release for successful completion of Broadband connectivity by OFC in all the Gram Panchayats of Jharkhand under State-led Model of BharatNet Project
  • Intimation of Closure of Trading Window in terms of the SEBI (Prohibition of Insider Trading) Regulations, 2015
  • Upgradation of Credit Ratings
  • Voting Results and Consolidated Scrutinizer’s Report – EGM 07.03.2022
  • Proceedings of EGM – March 07, 2022
  • Non-Disposal Undertaking over Shareholding of certain Promoters of HFCL Limited
  • Press Release: HFCL joins O-RAN ALLIANCE to accelerate open innovation in 5G
  • Interse- transfer amongst the Promoters of the Company-16.02.2022
  • Intimation to Shareholders holding Shares in Physical Mode for furnishing PAN, KYC and nomination details
  • Interse- transfer amongst the Promoters of the Company-11.02.2022
  • Public Notice of EGM by way of Advertisement in Newspapers
  • Intimation of Date of Extra-Ordinary General Meeting (EGM) and Notice thereof
  • Interse- transfer amongst the Promoters of the Company-08.02.2022
  • Transcript of Conference Call on Financial Results for Q3 ended on 31.12.2021
  • Litigation(s) / dispute(s) / regulatory action(s) with impact
  • Earning Presentation – Q3FY2022
  • Outcome of the Board Meeting – 17th January, 2022
  • Statement of Utilization of Proceeds from QIP
  • Schedule of Earnings’ Conference Call – 18.01.2022
  • Press Release: HFCL Chooses CommAgility 5G Software for Indoor Small Cells
  • Notice of Board Meeting – 17th January, 2022
  • Press Release: HFCL accelerates international business, further strengthens its leadership team with three new leaders
  • Press Release: HFCL powers its Network offerings with AI, joins hands with Aprecomm
  • Intimation of Closure of Trading Window
  • Press Release: HFCL receives approval as ‘Trusted Source’ from National Security Council Secretariat (NSCS)
  • HFCL bags Purchase Order worth Rs.119.14 Crores for supply of Optical Fibre Cables.
  • Press Release: HFCL announces successful completion of raising of funds amounting to Rs.600 crores by way of qualified institutional placement (“QIP”) issue
  • Allotment under Qualified institutions placement of equity shares
  • Qualified institutions placement of equity shares of face value of Re. 1 (the ‘Equity Share(s)’) by HFCL Limited
  • Closure of Trading Window
  • Press Release: HFCL expands global business, appoints two industry leaders to further strengthen worldwide presence
  • Transcript of Conference Call on the Unaudited Financial Results/ Earnings for the 2nd Quarter ended 30th September, 2021, of the Financial Year 2021-22
  • Change in the Directors of the Company: Appointment of an Additional Director (Independent)
  • Intimation of schedule of meetings with institutional investors, during 25/11/2021 to 30/11/2021
  • Complete Release of Pledge over Shareholding of Promoters of HFCL Limited (“HFCL”)
  • HFCL bags Purchase Orders aggregating to Rs.412.90 Crores for supply of Optical Fibre Cables
  • Disclosures of Related Party Transactions, for the half year ended September 30, 2021, on a consolidated basis
  • Intimation of Schedule of Investors’/ Analysts’ Meeting during 02/11/2021 and 20/11/2021 and Investor Presentation
  • Incorporation of HFCL Inc. in the United States and HFCL B.V. in the Netherlands, as overseas Wholly-Owned Subsidiary Companies of HFCL Limited
  • Approval of application under the Production Linked Incentive (PLI) Scheme to promote Telecom and Networking Products manufacturing in India, filed by HFCL Technologies Private Limited, a wholly-owned subsidiary of HFCL Limited (“Company”)
  • Publication of Un-audited Financial Results for the 2nd Quarter and Half Year ended September 30, 2021, in Newspapers
  • Earning Presentation – Q2FY2022
  • Outcome of the Board Meeting – 11th October, 2021
  • Transcript of 34th Annual General Meeting of the Members of HFCL Limited held on September 30, 2021
  • Schedule of Earnings’ Conference Call
  • HFCL inks Contract amounting to ~ Rs.287.96 Crores with RailTel Corporation of India Limited, for setting up of Secured Optical Packet Switched Network for Defense Forces
  • Voting results and Consolidated Scrutinizer’s Report of 34th Annual General Meeting
  • Notice of Board Meeting – 11th October, 2021
  • Proceedings of Annual General Meeting – 30th September, 2021
  • Assignment of Credit Ratings
  • Submission of Annual Report for the financial year 2020-21, including Notice of the 34th Annual General Meeting
  • Public Notice by way of Advertisement in Newspapers
  • Outcome of the Board Meeting – 3rd September, 2021
  • Intimation of Closure of Trading Window in terms of the SEBI (PIT) Regulations, 2015
  • Notice of Board Meeting – 3rd September, 2021
  • Intimation of Schedule of Investors’/ Analysts’ Meeting at “Emkay Confluence – Ideas for
    Tomorrow
  • Press Release: HFCL appoints Beetel Teletech as National Distributor for its ‘IO’ product
    line
  • Transcript of Conference Call on Financial Results/Earnings for Q1 ended on 30.06.2021 of FY2021-22
  • Allotment of Equity Shares in lieu of ESOPs vested under the HFCL Employees’ Long Term Incentive Plan 2017
  • Publication of Un-audited Financial Results for the 1st Quarter ended June 30, 2021, of the Financial Year 2021-22, in Newspapers
  • Earning Presentation – Q1FY2022
  • Outcome of the Board Meeting – 12th July, 2021
  • Schedule of Earnings’ Conference Call
  • Notice of Board Meeting – 12th July, 2021
  • Intimation of Closure of Trading Window in terms of the SEBI (PIT) Regulations, 2015
  • Incorporation of HFCL Technologies Private Limited, as a Wholly-Owned Subsidiary Company of HFCL Limited
  • Intimation of Schedule of Investors’/ Analysts’ Meeting – 14.06.2021
  • Intimation of Schedule of Investors’/ Analysts’ Meeting
  • Transcript of Conference Call on Financial Results/Earnings for Q4 ended on 31.03.2021 of FY2020-21
  • Disclosures of Related Party Transactions, for the half year ended March 31, 2021, on a consolidated basis
  • Publication of Audited Financial Results for the 4th Quarter and Financial Year ended March 31, 2021 in Newspapers
  • Press Release: Launch of TIP OpenWi-Fi Compliant Access Points
  • Earning Presentation – Q4FY2021
  • Outcome of the Board Meeting – 10th May, 2021
  • Schedule of Earnings’ Conference Call
  • Recommendation of Dividend, if any, for the Financial Year 2020-21
  • Publication of Newspaper Advertisement intimating meeting of the Board of Directors of the Company
  • Intimation about sad demise of Shri M P Shukla (DIN: 00052977), Chairman and Non-Executive Director of the Company
  • Notice of Board Meeting – 10th May, 2021
  • NSE

  • Press Release for successful completion of Broadband connectivity by OFC in all the Gram Panchayats of Jharkhand under State-led Model of BharatNet Project
  • Intimation of Closure of Trading Window in terms of the SEBI (Prohibition of Insider Trading) Regulations, 2015
  • Upgradation of Credit Ratings
  • Voting Results and Consolidated Scrutinizer’s Report – EGM 07.03.2022
  • Proceedings of EGM – March 07, 2022
  • Non-Disposal Undertaking over Shareholding of certain Promoters of HFCL Limited
  • Press Release: HFCL joins O-RAN ALLIANCE to accelerate open innovation in 5G
  • Interse- transfer amongst the Promoters of the Company-16.02.2022
  • Intimation to Shareholders holding Shares in Physical Mode for furnishing PAN, KYC and nomination details
  • Interse- transfer amongst the Promoters of the Company-11.02.2022
  • Public Notice of EGM by way of Advertisement in Newspapers
  • Intimation of Date of Extra-Ordinary General Meeting (EGM) and Notice thereof
  • Interse- transfer amongst the Promoters of the Company-08.02.2022
  • Transcript of Conference Call on Financial Results for Q3 ended on 31.12.2021
  • Litigation(s) / dispute(s) / regulatory action(s) with impact
  • Earning Presentation – Q3FY2022
  • Outcome of the Board Meeting – 17th January, 2022
  • Statement of Utilization of Proceeds from QIP
  • Schedule of Earnings’ Conference Call – 18.01.2022
  • Press Release: HFCL Chooses CommAgility 5G Software for Indoor Small Cells
  • Notice of Board Meeting – 17th January, 2022
  • Press Release: HFCL accelerates international business, further strengthens its leadership team with three new leaders
  • Press Release: HFCL powers its Network offerings with AI, joins hands with Aprecomm
  • Intimation of Closure of Trading Window
  • Press Release: HFCL receives approval as ‘Trusted Source’ from National Security Council Secretariat (NSCS)
  • HFCL bags Purchase Order worth Rs.119.14 Crores for supply of Optical Fibre Cables.
  • Press Release: HFCL announces successful completion of raising of funds amounting to Rs.600 crores by way of qualified institutional placement (“QIP”) issue
  • Allotment under Qualified institutions placement of equity shares
  • Qualified institutions placement of equity shares of face value of Re. 1 (the ‘Equity Share(s)’) by HFCL Limited
  • Closure of Trading Window
  • Press Release: HFCL expands global business, appoints two industry leaders to further strengthen worldwide presence
  • Transcript of Conference Call on the Unaudited Financial Results/ Earnings for the 2nd Quarter ended 30th September, 2021, of the Financial Year 2021-22
  • Change in the Directors of the Company: Appointment of an Additional Director (Independent)

  • Investors’ Contact

    Registered Office

    HFCL Limited (formerly Himachal Futuristic Communications Limited)
    8, Electronics Complex Chambaghat, Solan, Himachal Pradesh – 173213

    Registrar & Transfer Agent

    Amarjeet
    Sr. Manager – M/s MCS Share Transfer Agent Limited
    F-65, 1st Floor, Okhla Industrial Area,
    Phase-I, New Delhi – 110020
    Tel. : +91-11-41406149-52
    Fax : +91-11-41709881
    Email Id : admin@mcsregistrars.com

    Contact details for Investor grievance redressal

    Secretarial Department & Investor Relation Cell

    Manoj Baid
    Vice-President (Corporate) & Company Secretory
    8, Commercial Complex, Masjid Moth, Greater Kailash – II
    New Delhi – 110048
    Tel. : +91-11-35209400/9500
    Fax : +91-11-29226015
    Email Id : investor@hfcl.com