HFCL Reports Record Q2 Net Profit Growth of 448% to 394 Crore
HFCL Limited (NSE:HFCL) delivered its strongest quarterly financial performance to date for the July-September period. The telecom equipment and optical fibre manufacturer recorded a 448.14% year-on-year surge in net profit to 394.22 crore, up from 71.92 crore in the same period last year. Revenue for the quarter grew 143.62% to 2,541.79 crore compared to 1,043.34 crore a year earlier. Earnings before interest, taxes, depreciation, and amortisation expanded 223.55% to 658 crore.
The growth comes as demand accelerates across artificial intelligence infrastructure, hyperscale data centers, and global telecom networks. International contracts with telecom operators and hyperscalers are turning into firm deals, bolstered by major export wins. In recent months, the company secured a $244 million long-term optical fibre cable supply agreement in September, export orders worth 522.73 crore in August, and a $1.1 billion agreement valued at roughly 10,159 crore in March.
Looking ahead, management expects revenue growth of at least 80% in FY27 compared to FY26. The company also indicated it could achieve its 10,000 crore annual revenue goal ahead of its prior target timeline of 2028-29. Shares of HFCL Limited gained 5.00% to trade at 268.8 INR following the earnings disclosure.
Key points
- HFCL Limited reported a 448.14% year-on-year rise in Q2 net profit to 394.22 crore.
- Revenue for the July-September quarter climbed 143.62% year-on-year to 2,541.79 crore.
- Management expects at least 80% revenue growth in FY27 over FY26.
- Recent overseas wins include a $1.1 billion optical fibre supply contract signed in March.
- Shares of HFCL rose 5.00% today to 268.8 INR.
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What were HFCL Limited Q2 net profit and revenue figures?
HFCL reported a net profit of 394.22 crore for Q2, up 448.14% year-on-year. Revenue for the quarter increased 143.62% year-on-year to 2,541.79 crore, marking the company's best quarter to date.
What is HFCL outlook for revenue growth in FY27?
HFCL management projects revenue growth of at least 80% in FY27 compared to FY26. The company also expects to achieve its 10,000 crore annual revenue milestone ahead of its initial 2028-29 target.
What major overseas orders has HFCL recently received?
HFCL secured a $1.1 billion optical fibre supply deal in March, export orders worth 522.73 crore in August, and a long-term optical fibre cable supply agreement worth approximately $244 million in September.