HFCL shares hit 52-week high on ₹84.23 crore OFC order

What pushed HFCL to a new high on May 4

HFCL shares jumped to a fresh 52-week high on Monday, May 4, after the company disclosed new purchase orders for optical fibre cables (OFC). The stock rallied as much as 11% to an intraday high of ₹128.49 per share. At 3:07 PM, HFCL was trading at ₹125.34 on the NSE, up 8.02%.

The latest move adds to a sharp run-up in recent weeks. Over the past five trading sessions, the stock is up 18%. It has risen 72% over one month, gained 63% in the last six months, and is up 82% from the beginning of the year, as per the figures cited.

Fresh optical fibre cable orders: value and counterparties

HFCL said it, along with HTL Limited (a material subsidiary), secured purchase orders worth about ₹84.23 crore. The orders are for the supply of optical fibre cables from a private telecom operator. HFCL did not disclose the operator’s name.

The company said the order is expected to be completed by August 2026. In its regulatory filing, HFCL stated that the orders reaffirm customer trust in its manufacturing capabilities, technological excellence, and product quality.

Intraday trading snapshot and recent returns

The stock’s day move was accompanied by a broader surge in short-term returns highlighted across market updates. One of the updates also showed a trading print of ₹126.04 with a gain of 10.01 points (8.63%).

A separate returns table in the provided data listed sharp gains over multiple periods, including a 75.74% rise over one month and 77.4% over three months.

Q4FY26 turnaround: profit swings, revenue doubles

Beyond the order win, investor focus has also been on HFCL’s March-quarter performance. HFCL reported a consolidated net profit of ₹178.5 crore in Q4FY26, compared with a net loss of ₹81.43 crore a year ago, marking a year-on-year turnaround.

Revenue in the March 2026 quarter was reported at around ₹1,824 crore, and another data point cited sales rising 127.81% year-on-year to ₹1,824.12 crore (from ₹800.72 crore). Market commentary linked the improvement to strong execution and robust order inflows.

Record order book and what the company has disclosed

Order book strength has been a key part of the narrative. One report cited HFCL’s order book as having grown to ₹21,206 crore, described as the highest ever in FY26, versus ₹9,967 crore earlier.

Another update referred to the order book as “over ₹21,000 crore”, framing it as multi-year revenue visibility. The same set of updates positioned this pipeline as supportive of the earnings recovery.

Guidance highlights: EBITDA margin target by FY29

HFCL’s longer-term guidance also featured in the market reaction described. The company has laid out a roadmap targeting EBITDA margins of around 20% to 21% by FY29, alongside steady revenue growth supported by telecom, defence, and data infrastructure demand.

These guidance points were referenced as contributing to a “re-rating”, with investors focusing on predictability of earnings and the quality of the order pipeline.

Dividend recommendation mentioned in updates

Corporate updates included that the board recommended a final dividend for FY2025-26 at 20%, which equals ₹0.2 per equity share of face value ₹1 each, subject to approval. The dividend mention appeared alongside the Q4 results and order book disclosures.

Other order wins and longer contracts referenced

Separate disclosures in the provided data also referred to HTL securing domestic OFC supply orders worth ₹1,366 crore (inclusive of applicable GST), scheduled for execution by December 2026. Another item referenced a five-year supply agreement through HFCL’s overseas wholly owned subsidiary, with a total potential value estimated at about $1.10 billion, or ₹10,159 crore, based on prevailing selling prices.

The five-year arrangement was described as covering 2026 to 2028 initially, with an automatic extension to 2029 and 2030. The OFC supply was described as linked to internet infrastructure (FTTH) and telecommunications.

Key data points at a glance

Market impact and why investors are tracking it

The latest ₹84.23 crore OFC orders add incremental near-term execution visibility into August 2026, while earlier OFC wins extend visibility into December 2026. The Q4FY26 profit swing and the reported doubling in revenue have reinforced the view that business conditions improved meaningfully in the March quarter.

The disclosed order book level of ₹21,206 crore is being treated as an anchor for multi-year revenue visibility in market commentary. Guidance that targets 20% to 21% EBITDA margins by FY29 has also been cited as a key input for how investors assess the sustainability of the turnaround.

Conclusion

HFCL’s rally to a 52-week high on May 4 followed a fresh OFC order win worth about ₹84.23 crore, with completion expected by August 2026. The stock’s momentum has also been supported by a Q4FY26 profit turnaround, reported revenue growth to around ₹1,824 crore, and disclosures pointing to a record order book of ₹21,206 crore.

Investors are now likely to keep tracking execution against the August 2026 delivery timeline, progress on the larger OFC commitments running to December 2026, and how the company sustains its stated margin roadmap toward FY29.