HFCL Q2 FY27 Profit Rises 448% to Rs 394 Crore

HFCL reports sharp quarterly profit growth

HFCL reported a substantial increase in consolidated earnings for the second quarter of FY27, ended September 30, 2026. Consolidated profit after tax rose to Rs 394.22 crore, compared with Rs 71.92 crore in the corresponding quarter of FY26. This represented year-on-year growth of 448.14%. The company also reported sequential profit growth of 60.49% from the preceding quarter. Consolidated revenue for the quarter stood at Rs 2,541.79 crore. Management discussed the results during its Q2 FY27 earnings call hosted by Nuvama Institutional Equities.

Revenue rises 143.62% year-on-year

HFCL's consolidated revenue increased 143.62% year-on-year in Q2 FY27. Revenue also rose 32.73% quarter-on-quarter from Rs 1,914.98 crore in the previous quarter. The revenue performance accompanied a sharp improvement in the company's reported profitability. The Q2 figure of Rs 2,541.79 crore was the revenue level stated by management on the call. The company presented the numbers on a consolidated basis. The comparison indicates growth across both annual and sequential periods.

Profit before tax exceeds Rs 538 crore

Consolidated profit before tax, or PBT, reached Rs 538.60 crore in Q2 FY27. This compared with Rs 106.34 crore in Q2 FY26. The resulting year-on-year increase was 406.49%. PBT was also 62.46% higher than in the previous quarter. The rise in PBT broadly tracked the large increase in profit after tax reported for the quarter. Management said both PBT and PAT grew more than five-fold from the corresponding period a year earlier.

EBITDA reaches Rs 658 crore

HFCL reported EBITDA of Rs 658 crore for Q2 FY27. EBITDA grew 223.55% year-on-year, according to management's earnings call remarks. On a quarter-on-quarter basis, EBITDA increased 47.78%. The EBITDA growth was lower than the reported percentage growth in PBT and PAT, but it reflected a substantial increase from the comparison periods. The company did not provide a detailed segment-wise EBITDA break-up in the supplied call extract. Therefore, the disclosed figures remain the key basis for assessing quarterly operating performance.

Key Q2 FY27 financial figures

Half-year profit numbers also improve

The company also shared consolidated figures for the first half of FY27. Half-year PBT rose to Rs 870.12 crore from Rs 61.64 crore in the prior-year period. This was an increase of 1,311.62%. Half-year PAT increased to Rs 639.86 crore from Rs 42.62 crore. The growth in half-year PAT was 1,401.31%. These figures include the Q2 performance and show that the increase in quarterly earnings was reflected in the first-half results as well.

Management commentary on targets

During the earnings call, Mahendra Nahata, HFCL's promoter and managing director, referred to a target that had been raised to 40% after Q1. He said this target had subsequently been increased to at least 80%. The supplied call extract does not specify the underlying business metric or time period for this target. As a result, the statement should be viewed only as management's disclosed target commentary. No additional operational assumptions can be drawn from the available material.

Market relevance of the results

The earnings release was accompanied by a reported 5% rise in HFCL shares. The quarterly financial data showed simultaneous increases in revenue, EBITDA, PBT and PAT. For investors, the main reported indicators were the 143.62% year-on-year growth in consolidated revenue and the 448.14% rise in PAT. The sequential revenue increase of 32.73% and PAT increase of 60.49% added to the reported momentum in the quarter. The supplied information does not include the closing share price, trading date, valuation data or volume details.

What the Q2 numbers indicate

HFCL's Q2 FY27 results show a much larger reported profit base than a year earlier. Revenue grew materially on both a year-on-year and quarter-on-quarter basis. PBT and PAT expanded at a faster percentage pace than revenue during the reported quarter. EBITDA also increased from both comparison periods cited by management. The available disclosure does not provide detailed explanations for the change in margins, costs, product mix or individual business segments. Readers should therefore distinguish the reported financial outcome from factors that may have contributed to it.

Company officials on the earnings call

The call was attended by Mahendra Nahata, promoter and managing director, V.R. Jain, chief financial officer, Manoj Baid, company secretary, and Amit Agarwal, head of investor relations. Nuvama Institutional Equities hosted the conference call. Management described the quarter and the first half as periods of strong financial performance. The call also included the customary statement that forward-looking comments reflected management's current beliefs and expectations. Such statements are not presented as confirmed future outcomes.

Conclusion

HFCL closed Q2 FY27 with consolidated revenue of Rs 2,541.79 crore, PBT of Rs 538.60 crore and PAT of Rs 394.22 crore. The company reported strong annual and sequential growth across these measures. Management has also indicated that a previously raised target is now at least 80%, though the supplied extract does not identify the metric. Investors will look to future company disclosures for further details on operating performance and management's stated targets.