HFCL Soars 5% After Best-Ever Q2, PAT Jumps 448%

HFCL Reports Record Q2 Results, Shares Surge to Upper Circuit

HFCL Limited’s shares surged to the upper circuit limit following a remarkable quarterly performance, with profit after tax soaring by 448% year-on-year.

Record Financial Performance

HFCL’s consolidated profit after tax reached ₹394.22 crore for the quarter ending September 2026, a remarkable increase from ₹71.92 crore in the same quarter last year and ₹245.64 crore from the previous quarter. This growth reflects a year-on-year increase of 448.14% and a quarter-on-quarter rise of 60.5%. The company’s PAT margin also saw a significant improvement, expanding by 862 basis points to 15.51% from 6.89% in Q2FY26.

Revenue Growth and Margin Expansion

In terms of revenue, HFCL reported a robust growth of 143.6% year-on-year, reaching ₹2,541.79 crore compared to ₹1,043.34 crore in Q2FY26. Sequentially, revenue increased by 32.73% from ₹1,914.98 crore in the previous quarter. The company’s EBITDA also showed impressive growth, standing at ₹658 crore, which is up 223.55% year-on-year and 47.78% quarter-on-quarter. The EBITDA margin improved to 25.89%, reflecting a strong operational performance.

Strong Order Book and Future Outlook

HFCL’s order book has exceeded ₹28,900 crore, providing a solid foundation for future growth. The company anticipates revenue growth of at least 80% for FY27 compared to FY26, driven by its current business momentum and visibility. Additionally, HFCL plans to invest approximately ₹1,800 crore in expanding its manufacturing capabilities in optical fiber, cable, and preform production, further enhancing its operational efficiency and market position.

Strategic Vision for Growth

Mahendra Nahata, Managing Director of HFCL, emphasized that this quarter marks a defining moment in the company’s growth trajectory. He reaffirmed the company’s ambition to achieve ₹10,000 crore in revenue by FY29, suggesting that with the current momentum, this target could be reached sooner than anticipated. The company is also focusing on its defence and aerospace segment, aiming for approximately ₹500 crore in revenue for FY27.

Key Highlights

• HFCL’s PAT surged by 448% YoY to ₹394.22 crore in Q2FY27.
• Revenue grew by 143.6% YoY, reaching ₹2,541.79 crore.
• EBITDA increased by 223.55% YoY to ₹658 crore.
• Order book exceeds ₹28,900 crore, indicating strong future revenue visibility.
• Company plans to invest ₹1,800 crore in expanding manufacturing capabilities.
• Targeting ₹10,000 crore in revenue by FY29, potentially ahead of schedule.

Investor Note: HFCL’s impressive quarterly results and strong order book position the company well for future growth. Investors should monitor the company’s execution of its expansion plans and revenue targets, as these will be critical for sustaining momentum in the coming quarters.