HFCL Q2 FY25 results (Jul–Sep 2024) and concall

HFCL reported a mixed Q2 FY25, with a slight revenue decline but improved YoY EBITDA and PAT margins. The quarter was significantly impacted by a global slowdown in the fiber optic cable market, which management expects to recover from Q4 FY25. Despite short-term headwinds, the company remains bullish on long-term growth driven by BharatNet Phase III, defence opportunities, and international expansion, targeting INR 10,000 crores in revenue within three years. However, management declined to provide overall FY25 guidance at the end of the call, creating some uncertainty.