| PE TTM | 68.43Sector PE 112.46 |
|---|---|
| Market Cap | ₹39,185 CrTelecommunications |
| 1-Year Price Change | 239.3%Strong Performer |
| RSI | 57.23Neutral Zone |
| Metric | Q2-27 | Q1-27 | Q2-26 |
|---|---|---|---|
| Revenue from Operations | 2,542 | 1,915 | 1,043 |
| Other Income | 27.5 | 31.1 | 13.0 |
| Total Income | 2,569 | 1,946 | 1,056 |
| Profit Before Tax | 539 | 332 | 106 |
| Net Profit | 394 | 246 | 71.9 |
| Operating Margin | 21.0% | 17.0% | 10.1% |
| Net Profit QoQ | +60.5% | ||
| Net Profit YoY | +448.3% | ||
| Adj. Profit QoQ | +70.2% | ||
| Adj. Profit YoY | +447.0% | ||
Key highlights
- Consolidated net profit jumped 448.3% year-on-year to ₹394 crore in Q2 FY27
- Revenue from operations grew 143.7% YoY to ₹2,542 crore from ₹1,043 crore
- Operating margins expanded to 21.0% in Q2 FY27 from 10.1% in the same quarter last year
- FY27 revenue growth guidance revised upward to at least 80%, doubling the previous estimate of 40%
- Total order book reached ₹28,911 crore, providing revenue visibility for six to seven years
Vertical Integration and Capacity Expansion Plans
HFCL is executing a strategic capital expenditure plan involving ₹1,800 crore to expand manufacturing capacities for optical fiber, cables, and preforms. This investment aims to deepen vertical integration and meet rising demand from AI infrastructure and hyperscale data centers. The company is establishing new facilities in Madhya Pradesh for preform manufacturing and Andhra Pradesh for defence ammunition.
Management has significantly upgraded its revenue growth guidance for FY27 to 80% over the previous year, a sharp increase from the 40% growth projected in July 2026. The expansion aligns with the company's objective to achieve landmark revenue milestones earlier than the previously targeted FY29.
Defence Segment and Order Book Momentum
- The company is targeting ₹500 crore in revenue from the Defence and Aerospace segment in FY27
- An ongoing aerospace business acquisition is expected to be completed during the current quarter
- Order book increased to ₹28,911 crore as of September 2026 from ₹26,665 crore in June 2026
- PBT for the half-year ended September 2026 rose 1311.6% to ₹870.12 crore from ₹61.64 crore
- International opportunities are steadily converting into firm contracts with global telecom operators
Management Perspective on Growth Journey
Our order book exceeds ₹28,900 crore and provides multi-year revenue visibility. Beyond this secured business, we have a strong pipeline of orders at advanced stages. Demand continues to accelerate across AI infrastructure, hyperscale data centres and telecom networks.
What to watch next
- Completion of the aerospace business acquisition in Q3 FY27
- Operationalization of the new ammunition manufacturing facility in Andhra Pradesh
- Progress on the ₹1,800 crore investment for optical fiber and preform capacity expansion
- Conversion of advanced pipeline orders into the formal order book
“This is the best-ever quarterly performance in HFCL’s history and marks a defining moment in our growth journey. The results reflect the increasing scale, strength and momentum of our business.”
| Share price | ₹256.01 |
|---|---|
| Market capitalisation | ₹39,184.95 Cr |
| Revenue (annual) | ₹4,949.27 Cr |
| Net profit (annual) | ₹311.74 Cr |
| Revenue (latest quarter) | ₹1,914.98 Cr+4.98% vs previous quarter |
| Net profit (latest quarter) | ₹228.60 Cr+28.07% vs previous quarter |
| P/E (TTM) | 68.43×Sector 112.46× |
| Promoter holding | 28.29%0.00% QoQ |
| FII holding | 17.24%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by HFCL Ltd announcing its un-audited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. Market figures from a third-party data provider.
Track HFCL live
Get the next HFCL filing on Telegram seconds after it lands. 15 days free.
