HFCL Limited — Updates, 21-10-2024: Press Release

HFCL Limited reported its un-audited financial results for Q2 FY25, posting standalone revenues of ₹1,012 crores, with a PAT of ₹75 crores. The company highlighted a strategic partnership with General Atomics for UAV subsystems, enhancing its defense capabilities. Despite a decline in revenue due to global demand softness for optical fiber cables, early signs of recovery and a focus on new, margin-enhancing products suggest potential for improved financial performance in upcoming quarters.