Detailed Financial Report on HFCL Limited – Q2 FY27
HFCL Limited, listed on the National Stock Exchange of India, delivered a markedly strong performance in its second quarter of FY27 (ended 30 September 2026). The company’s consolidated profit after tax (PAT) increased by 448 % year‑on‑year to ₹394.22 crore, while revenue rose by 144 % to ₹2,542 crore. The surge was driven primarily by heightened demand for optical fibre cables, particularly for AI data‑centre and hyperscale data‑centre infrastructure, and by the expansion of its defence solutions portfolio.
Earnings Highlights
| Item | Q2 FY27 | YoY Change |
|---|---|---|
| Net Profit (PAT) | ₹394.22 crore | +448 % |
| Revenue | ₹2,542 crore | +144 % |
| Gross Margin | (not explicitly disclosed) | (not explicitly disclosed) |
| Order Book | INR 28,900 crore | (not explicitly disclosed) |
The company also announced a capacity expansion to 43 million fibre kilometres, reflecting its commitment to meeting growing infrastructure needs.
Guidance and Targets
Following the Q2 results, Managing Director Mahendra Nahata raised HFCL’s FY27 revenue growth target from 40 % to 80 %. This revision was attributed to accelerating demand for AI infrastructure, hyperscale data‑centres, and telecom networks.
Market Reaction
HFCL shares closed at ₹264.78 on 20 October 2026, within the 52‑week high of ₹282.25 but below the 52‑week low of ₹59.82. The stock was among three that closed below the volume‑weighted average price (VWAP) on 22 October 2026. Despite a recent 5 % rise on 19 October following the earnings announcement, the share price remained volatile, reflecting broader market conditions.
Strategic Focus
- Optical Fibre & Cable Manufacturing – The company continues to expand its product line, including underground, aerial, microduct, FTTH, and micromodule cables.
- 5G and AI Infrastructure – Expansion of its 5G portfolio and AI data‑centre solutions is expected to drive future revenue growth.
- Defence and Public Sector – Ongoing ramp‑up in defence solutions, including electro‑optics, electronic fuzes, and software‑defined radios, contributes to a diversified revenue base.
Conclusion
HFCL Limited’s Q2 FY27 results demonstrate significant revenue and profitability growth, underpinned by strong demand for fibre optics and AI infrastructure. The raised revenue target reflects confidence in continued market expansion, while the company’s capacity expansion positions it to capture upcoming opportunities in telecom, data‑centre, and defence sectors.
