Hfcl Limited · NSE:HFCL
Hfcl — Q4 FY2025 Earnings Presentation
42 slides from Hfcl's earnings presentation, May 23, 2025
Slide 1: Exchange cover letter: Earnings Presentation
HFCL/SEC/25-26 May 23, 2025 The BSE Ltd. The National Stock Exchange of India Ltd. 1st Floor, New Trading Wing, Rotunda Building Exchange Plaza, 5th Floor, C – 1, Block G Phiroze Jeejeebhoy Towers, Dalal Street, Fort Bandra – Kurla Complex, Bandra (E) Mumbai – 400001 Mumbai – 400051 corp.relations@b
Slide 2: Investor Presentation May 2025
HFCL LIMITED May 2025 Investor Presentation
Slide 3: Inside this Presentation
The HFCL ESG/CSR 01 Story 04 Opportunity Appendix 02 Size 05 Financial 03 Highlights Inside this Presentation
Slide 4: The HFCL Story
04 About HFCL 05 Product Portfolio 08 Network Solutions and Projects 09 Strong Manufacturing Presence 10 Expanding Manufacturing capabilities 11 Optimization of Revenue and Customer Base 12 Research & Development 13 Customers and Partners 15 What sets HFCL Apart? 01 16 Growth Strategy The HFCL Story
Slide 5: HFCL is a leading player in telecom, defense, and enterprise connectivity
HFCL is a leading player in the telecom, defense, and enterprise connectivity ecosystems. #1 Market Leadership HFCL is at the forefront of India’s telecom and digital infrastructure growth, enabling 5G rollouts and fiber connectivity. OPTICAL FIBRE CABLE SUPPLIER IN INDIA Diversified Presence We ope
Slide 6: Product Portfolio
Product Portfolio Telecom Defence Networking Products Optic Fiber/ Optical Fibers Cables Electronics Products 1 2 3 1 2 3 1 2 3 4 4 5 4 5 6 7 5 6 7 1. Point to Point Unlicensed Band Backhaul Radio (UBR) 1. Optic Fiber 1. Electronic FUZE 2. Indoor & Outdoor Wi-Fi 5, 6 and 7 Access Points 2. Armoured
Slide 7: Product Portfolio
Product Portfolio Passive Connectivity Solutions Wire Harness Portfolio 1 2 3 1 4 5 6 2 1. Cable Assemblies 1. Aerospace and Defense Cable Assemblies 2. High Density Cabinets 2. Automotive Cable Assemblies 3. Fiber Termination Box 4. PLC Splitters 5. Joint Closures 6. Aerial/ FTTH Accessories Supply
Slide 8: Product Innovation - Products under development
Product Innovation - Products under development Fuelled by a sharp focus on innovation, we have created a comprehensive suite of next-gen connectivity and 5G backhauling products: Products Under Products Under Development Development Wi Fi 7 Wi Fi 6 UBR IP/ MPLS FWA CPE Outdoor Indoor Routers Access
Slide 9: Network Solutions & Projects
Network Solutions & Projects Public Telecommunication Defence Communication Established player in large- Dedicated Multi-Protocol scale telecom projects Label Switching (MPLS) including Optical Transport Network. Network, Rural GSM Network, Fiber to the End-to-end solution for Home, In-buildin
Slide 10: Strong Manufacturing Presence
Strong Manufacturing Presence 1 2 3 4 HYDERABAD, TELANGANA 2 facilities CHENNAI, TAMIL NADU VERNA, GOA • 5.2 mn fkm/annum Optic Fiber Cables (Through subsidiary company HTL Ltd) • 8 mn fkm/annum • 432k cable km/annum FTTH Cables • 11.88 mn fkm/annum Optic Fiber Cables Optic Fiber Cables • 14 mn fkm/
Slide 11: Expanding Manufacturing Capacities
Expanding Manufacturing Capacities Further strengthening Established new facility in of backward integration Manesar (NCR region) for the Reduce dependence on external manufacture of Telecom and suppliers for manufacturing of Optic Networking products and in Fiber Cables. Higher Quality Assuranc
Slide 12: Optimization of Revenue and Customer base
Optimization of Revenue and Customer base We are enhancing our customer mix Following two years of muted Shift from Project-led revenue by prioritizing higher-margin private exports amid global demand to Product-led revenue - clients—streamlining our strategy, headwinds, we are now strategically Str
Slide 13: Research & Development: Powering towards a technology led Company
Research & Development : Powering towards a technology led Company 3 dedicated R&D Strengthened in-house R&D team centres in Bengaluru, Hyderabad and Gurugram Segments No. of people driving innovation. 5G Products 108 Other Networking Products 105 Technology & Defence 60 Optic fiber & Optical fiber
Slide 14: We supply globally in more than 60 countries
We supply globally in more than 60 countries, to over 80 marquee customers Some market leaders who we work with In India: In South East Asia and Asia Pacific: In UK & Europe: In Middle East & Africa: Map not to Scale only for illustration purpose 13 HFCL LIMITED | INVESTOR PRESENTATION 2025
Slide 15: Strong Technology Partners
Strong Technology Partners Licensing for Open source Wi-Fi 7 Partnership for 5G Transport Products Partnership for 5G Small Cells Partnership for 5G Small Cells products; 5G millimeter wave FWA; product development; 5G Outdoor Small Cell etc. Design partner for Macro Radio, Partnership for 5G Small
Slide 16: What Sets HFCL Apart?
What Sets HFCL Apart? 01 "Make in India": While Atmanirbhar Bharat opens up opportunities to contribute significantly to India’s self reliance, HFCL is greatly contributing for locally designed and manufactured telecom and Defense equipment “Global Presence": Collaborations with international partne
Slide 17: Growth Strategy
Growth Strategy Entry into Data Centers Increased Focus on Opportunities within Continued R&D Driven Networking (DC) Industry High Margin Product Private & Export Innovation and 5G & Fiber Expansion Revenue Customers • Supplying OFCs, networking • Focus on high end products • Aiming to increase • HF
Slide 18: Industry Landscape
18 Market Opportunity – Telecom and Networking 24 Market Opportunity – Defence 25 EPC Division – Future Opportunities 02 Industry Landscape 17 HFCL LIMITED | INVESTOR PRESENTATION 2025
Slide 19: Market Opportunity – Telecom & Networking (OFC)
Market Opportunity – Telecom & Networking Optic Fibre Cable (OFC) • In 2023, the fiber optic cable market was valued at $11.9 bn. and is expected to reach $20-21 billion by 2032, exhibiting a CAGR of 6% between 2024 and 2032. Emerging • The Indian optical fiber cables market is currently estimated a
Slide 20: Market Opportunity – Wi-Fi
Market Opportunity – Telecom & Networking Wi-Fi • Global market is valued at $13.2 bn. (as on CY 2025), with a CAGR growth of 11.5% annually. • India’s access points market is estimated at $235 mn. • HFCL is primarily focusing on Wi-Fi 6 market (~$9 bn). • Competitive Edge: 1. Made in India with Adv
Slide 21: Market Opportunity – Switches
Market Opportunity – Telecom & Networking Switches • Global market is valued at $44.2 bn. (2024), Switching Market Size with North America and EMEA leading in market share. ($B) • India’s switching market is estimated at $326 mn. • Industry is witnessing increased demand for more technical features
Slide 22: Market Opportunity – Unlicensed Band Radio
Market Opportunity – Telecom & Networking Unlicensed Band Radio (UBR) • Global market is valued at $758 mn. (as on CY 2025), with a CAGR growth of 3% annually. • HFCL’s Addressable Market in P2MP segment is ~$266 mn. and ~$143 mn. in P2P segment. • Competitive Edge: 1. Made in India with Advanced Fe
Slide 23: Market Opportunity – Fixed Wireless Access
Market Opportunity – Telecom & Networking Fixed Wireless Access (5G FWA) • Global FWA connections will grow from 160 mn. in 2024 to 350 mn. by 2030, with OUTDOOR FWA INDOOR FWA 80% driven by 5G. Growth Drivers Growth Drivers • India market is rapidly Offers long range connectivity. Compact, aestheti
Slide 24: Market Opportunity – Routers
Market Opportunity – Telecom & Networking Routers • Global Market Size stands at $12 bn. (Dell’Oro Report, High End Router Market Size as shown in the graph) for various types of routers. • India SP Router market can range from $400 mn. to $854 mn. (IDC and Synergy Research). 1,241 1,149 1,145 1,117
Slide 25: Market Opportunity – Defence
Market Opportunity – Defence Opportunity Growth Driver* Cumulative TAM (FY23-30)* • The Indian Defense capital expenditure was USD 19.0 Bn ~USD in FY 23 and is expected to reach USD 40.2 Bn by FY 30 • Record 75 per cent of the defence capital procurement 2.8 Bn Electronic fuses budget was earmarked
Slide 26: EPC Division Future Opportunities
EPC Division Future Opportunities Future Opportunities Dot/BSNL Optical Fiber Cable Water Infrastructure New Areas • Bharat Net Phase III presents a • A nationwide Optical Fiber Cable • The government prioritizes the Data centre – ₹ 20,000 crore opportunity (OFC) ring project, including water networ
Slide 27: Financials
27 Q4FY25 – Consolidated P&L Statement 28 FY25 – Consolidated P&L Statement 29 FY25 – Consolidated Balance Sheet 30 Order Book 03 Financials 26 HFCL LIMITED | INVESTOR PRESENTATION 2025
Slide 28: Q4FY25 - Consolidated Profit & Loss Statement
Q4FY25 - Consolidated Profit & Loss Statement Change Change Particulars ( ₹ I N C R O R E S ) Q4FY25 Q3FY25 Q4FY24 Q-o-Q Y-o-Y Revenue from Operations 800.72 1,011.95 -20.87% 1,326.06 -39.62% Other Income 13.64 20.04 13.61 Total Income 814.36 1031.99 -21.09% 1,339.67 -39.21% Total Expenses 836.69 86
Slide 29: FY25 - Consolidated Profit & Loss Statement
FY25 - Consolidated Profit & Loss Statement Particulars ( ₹ I N C R O R E S ) FY25 FY24 FY23 Revenue from Operations 4064.52 4,465.05 4,743.31 Other Income 57.76 100.59 47.18 Total Income 4122.28 4,565.64 4,790.49 Total Expenses 3615.53 3,883.51 4,124.63 EBITDA 506.75 682.13 665.86 EBITDA Margin 12.
Slide 30: FY25 - Consolidated Balance Sheet
FY25 - Consolidated Balance Sheet EQUITIES & LIABILITIES ( ₹ I N C R O R E S ) FY25 FY24 FY23 Total - Shareholder Funds 4,119.32 3,999.82 3,144.14 NON CURRENT LIABILITIES (A) Financial Liabilities (i) Borrowings 389.90 169.22 110.37 (ii) Other Liabilities 9.73 9.07 6.20 (B) Other Non Current Liabili
Slide 31: Order book
Order book Order Book Category Wise Order Book Customer Wise Order Book (₹ IN CRORES) (₹ IN CRORES) (₹ IN CRORES) 9,967 7,685 Network Services 4,064 Government 8.414 O&M 3,675 Private 1,553 PRODUCTS 2227 FY24 FY25 30 HFCL LIMITED | INVESTOR PRESENTATION 2025
Slide 32: ESG/CSR
32 ESG Transformational Story 33 GHG Emissions at HFCL 34 Energy Consumption at HFCL 35 Energy and Environment Commitments 04 ESG/CSR 31 HFCL LIMITED | INVESTOR PRESENTATION 2025
Slide 33: ESG Transformational Journey
ESG Transformational Journey ESG Embracing Technology For Sustainable Growth Accelerating Growth with a As a prominent manufacturer of optical With a focus on innovation, seamless HFCL has established management Future-ready Approach fiber (OF), optical fiber cables (OFC) execution and strong indust
Slide 34: GHG Emissions at HFCL
GHG Emissions at HFCL GHG Emission Metric tonnes of CO2 equivalent Scope 1 Vs Scope 2 Emissions 27,489 98.10% 97.74% 94.32% 23,295 21,989 533 539 1,325 5.68% 1.90% 2.26% FY22 FY23 FY24 FY 2021-22 FY 2022-23 FY 2023-24 Total Scope 1 Emissions Total Scope 2 Emissions Total Scope 1 Emissions Total Scop
Slide 35: Energy Consumption HFCL
Energy Consumption HFCL Energy Consumption (GJ) Fuel vs Energy 4,929 4.22% 6.36% 5.30% 7,420 6,194 93.81% 96.46% 94.70% 1,12,543 1,34,331 1,10,561 FY22 FY23 FY24 FY 2021-22 FY 2022-23 FY 2023-24 Total Electricity Consumption (GJ) Total Fuel Consumption (GJ) Total Electricity Consumption (GJ) Total F
Slide 36: Energy and Environment Commitments | HFCL
Energy and Environment Commitments | HFCL Over the last few years, HFCL has emphasised on use of latest, efficient and environment friendly technologies and processes to reduce our Carbon footprints. Aligning ESG Reporting (Regulatory) Reduction in energy intensity Reduction in GHG emission BRSR Fra
Slide 37: Appendix
37 Governed by an Experienced Board 38 Led by an Experienced Management Team 40 Shareholders’ Information 05 Appendix 36 HFCL LIMITED | INVESTOR PRESENTATION 2025
Slide 38: Governed by an Experienced Board
Governed by an Experienced Board AJAI BHARAT PAL MAHENDRA NAHATA Promoter and Managing KUMAR SINGH Director Independent Director Independent Director B.Com Hons. From St Xavier’s Law graduate with Masters A Certified Financial Planner College, Kolkata. The founder in Physics. Served as Ex- with Mast
Slide 39: Led by Experienced Management (1/2)
Led by Experienced Management (1/2) VIJAY RAJ JAIN JITENDRA SINGH CHAUDHARY HARSHWARDHAN PAGAY SAMPATHKUMARAN S.T. Group Chief Financial Officer Executive President (Communications) Executive President (OFC) Executive President – Defence Business CA, CS. Over 3 decades experience in B.E. Over 2 deca
Slide 40: Led by Experienced Management (2/2)
Led by Experienced Management (2/2) MANOJ BAID SANJAY VITHALRAO JORAPUR NEELU CHANDRA SUNIL KUMAR PANDEY President & Company Secretary President – (Human Resources) President (CSR) Chief Information Officer B.Com, CS. Over 3 decades experience in B.E., MBA. Over 2 decades experience in M.Sc and M.Ed
Slide 41: Shareholders' Information
Shareholders’ Information Shareholding as on March 31, 2025 Share Information ( A S O N M A R C H 3 1 , 2 0 2 5 ) NSE Ticker HFCL BSE Ticker 500183 Market Cap (₹ Crores) 11,400 % free-float 65.59% Free-float market cap (₹ Crores) 7,477.22 Shares Outstanding 1,44,26,72,812 3M ADTV (Shares) 1,50,17,02
Slide 42: Thank You
Thank You INVESTOR PRESENTATI ON 2025 Corporate Office Amit Agarwal 8, Commercial Complex, HEAD – INVESTOR RELATIONS Masjid Moth, HFCL Limited Greater Kailash Part 2, Tel: +91-11-3520 9400 New Delhi, Delhi - 110048 Email: ir@hfcl.com 41 HFCL LIMITED | INVESTOR PRESENTATION 2025 /19