Domestic telecom gear make HFCL on Monday posted 4.5 per cent year-on-year rise in its consolidated net profit for second quarter ended September 2024 (Q2FY25) to Rs 73 crore.

The Q2 revenue, however, slipped 1.61 per cent year-on-year to about Rs 1,094 crore.

In a statement, HFCL Managing Director Mahendra Nahata noted that the company delivered steady performance despite the ongoing softness in demand for Optic Fiber Cables globally.

"Further, monsoon season in several parts of the country impacted execution of work, causing some revenue to spill over into the next quarter," Nahata said.

The company said Q2FY25 was marked by some significant milestones. HFCL delivered one of the world's largest advanced broadband network gateway projects for BSNL, it added.

The company also entered into a strategic partnership with General Atomics Aeronautical Systems Incorporated (GA-ASI), US, to develop critical sub-systems for one of the world's most sophisticated unmanned aerial vehicles (UAVs).