HFCL Limited, a leading technology company specialising in optical fibre, optical fibre cables, connectivity solutions, telecom products, defence and aerospace equipment, and digital infrastructure, has reported its strongest-ever quarterly performance for the second quarter ended September 30, 2026, supported by substantial revenue growth, improved operating margins and a sharp increase in profitability.
The company’s consolidated revenue for Q2 FY27 stood at ₹2,541.79 crore, registering growth of 143.62% year-on-year (YoY) from ₹1,043.34 crore and 32.73% quarter-on-quarter (QoQ). EBITDA increased 223.55% YoY to ₹658 crore, with the EBITDA margin expanding by 640 basis points to 25.89%.
Consolidated profit before tax (PBT) rose 406.49% YoY to ₹538.60 crore, while profit after tax (PAT) climbed 448.14% to ₹394.22 crore. The PAT margin improved by 862 basis points to 15.51%, reflecting a significant improvement in earnings performance.
For the first half of FY27, PBT increased from ₹61.64 crore to ₹870.12 crore, representing growth of 1,311.62%. PAT rose from ₹42.62 crore to ₹639.86 crore, marking an increase of 1,401.31%. HFCL’s order book has crossed ₹28,900 crore, providing revenue visibility extending six to seven years and beyond. The company is witnessing increased demand from AI infrastructure, hyperscale data centres and telecom networks, with international opportunities progressing towards firm contracts. Based on current business visibility, HFCL expects FY27 revenue growth of at least 80% over FY26.
The company plans to invest approximately ₹1,800 crore in optical fibre, cable and preform manufacturing to expand capacity and strengthen manufacturing integration. It is also advancing its defence and aerospace operations, targeting revenue of approximately ₹500 crore from the segment in FY27. The ongoing acquisition of its aerospace business is expected to conclude during the current quarter.
Commenting on the results, Mahendra Nahata, Managing Director, HFCL, said the record performance reflects the company’s expanding scale, operational strength and growing market opportunities. He added that the company’s ₹10,000 crore revenue milestone, initially envisaged for FY29, could be achieved earlier than planned. HFCL expects optical fibre and cable, connectivity solutions, telecom, defence and aerospace to remain the principal drivers of its next phase of growth, strengthening business diversification and long-term earnings potential.
HFCL Limited is a technology enterprise offering optical fibre and cable, connectivity solutions, telecom equipment and defence products. With research and development centres in Gurugram, Bengaluru and Hyderabad, the company develops products including IP-MPLS routers, backhaul radios, Wi-Fi systems, thermal weapon sights, electronic fuzes and surveillance radars. Its manufacturing facilities serve customers across India and international markets, including Europe, Asia-Pacific, the Middle East, Africa and the United States.
