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HFCL Secures Rs. 2,501.30 Crore BharatNet Phase-III Deal with BSNL

Synopsis:

HFCL has signed a Rs. 2,501.30 crore agreement with BSNL under BharatNet Phase-III in Punjab. The company reported Q3 FY25 revenue of Rs. 1,011.95 crore, Read more.. with net profit at Rs. 72.58 crore. HFCL share price remains a key market focus Read less


HFCL has solidified its position in India’s digital infrastructure sector by securing a Rs. 2,501.30 crore agreement with Bharat Sanchar Nigam Limited (BSNL) for the BharatNet Phase-III Programme in Punjab. This agreement follows the company’s receipt of an Advance Work Order (AWO) on 16 January 2025, marking a critical milestone in HFCL’s expansion strategy. As the first company to become a Project Implementation Agency (PIA) under this phase, HFCL will play a crucial role in enhancing rural broadband connectivity.

Also read: RITES Signs MoU with CWPRS for Water Resources & Infrastructure Projects

HFCL LIMITED

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89.41-1.73 (-1.89 %)

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Key Takeaways:

  • HFCL signed an agreement with BSNL for BharatNet Phase-III in Punjab worth Rs. 2,501.30 crore.

  • HFCL is the first company designated as a Project Implementation Agency (PIA) under this initiative.

  • The BharatNet Phase-III project aims to improve rural broadband access across the country.

  • HFCL’s financial results for Q3 FY25 showed revenue of Rs. 1,011.95 crore, with a net profit of Rs. 72.58 crore.

  • HFCL share price remains a key indicator for investors tracking the company’s growth.

Also read: India Glycols Secures ₹1,264.2 Crore Ethanol Supply Order from OMCs

HFCL Q3 FY25 Financial Performance

HFCL reported its Q3 FY25 financial results, reflecting resilience amid fluctuating market conditions. The company posted revenue from operations of Rs. 1,011.95 crore, slightly lower than Rs. 1,032.31 crore in the corresponding quarter of the previous year. The total income stood at Rs. 1,031.99 crore, while profit before tax was Rs. 100.26 crore. Net profit declined to Rs. 72.58 crore from Rs. 82.43 crore year-over-year.

On a sequential basis, HFCL’s revenue declined from Rs. 1,093.61 crore in Q2 FY25, whereas net profit remained stable at Rs. 72.58 crore compared to Rs. 73.33 crore. 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.

HFCL Financial Performance (Q3 FY25 vs Q3 FY24)

Financial Metrics

Q3 FY25

Q3 FY24

Q2 FY25

Revenue from operations

Rs. 1,011.95 crore

Rs. 1,032.31 crore

Rs. 1,093.61 crore

Total income

Rs. 1,031.99 crore

-

-

Profit before tax

Rs. 100.26 crore

-

-

Net profit

Rs. 72.58 crore

Rs. 82.43 crore

Rs. 73.33 crore

HFCL's Role in BharatNet Phase-III

HFCL’s participation in BharatNet Phase-III reinforces its commitment to bridging India’s digital divide. The project aligns with the government’s broader vision of enhancing internet accessibility in rural and remote areas. By spearheading the implementation in Punjab, HFCL is set to leverage its expertise in optical fibre solutions, network infrastructure, and communication technology.

The company’s proactive involvement in large-scale connectivity projects strengthens its market positioning. Investors continue to track the HFCL share price, given its increasing presence in the telecom infrastructure sector.

HFCL’s agreement with BSNL under the BharatNet Phase-III Programme highlights its leadership in digital connectivity. While financial results show minor fluctuations, the company’s long-term growth prospects remain strong. With continued government partnerships and strategic project execution, HFCL is well-positioned for future expansion, making HFCL share price a key factor for investors to monitor.

Also read: Orchid Pharma’s API Facility in Tamil Nadu Gets USFDA Inspection Clearance

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