Earnings Call/Transcript
HFCL Q2 FY27 Earnings Call Transcript
HFCL submitted the transcript of its October 19, 2026 conference call discussing unaudited Q2 and H1 FY27 financial results.
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HFCL Ltd (HFCL) is currently trading at 244.50 per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.
HFCL Limited is an Indian technology and manufacturing company producing optical fiber, optical-fiber cables, telecom and networking equipment, digital-network solutions, and defence products. Its manufacturing footprint spans Hyderabad, Goa, Manesar, Hosur, and Solan, serving telecom operators, enterprises, governments, hyperscalers, and international customers. HFCL Limited delivered its strongest reported quarterly performance, with Q2 FY27 consolidated revenue of ₹2,541.79 crore, EBITDA of ₹658 crore, and PAT of ₹394.22 crore. Revenue increased approximately 143.6% year-on-year, while EBITDA margin expanded to 25.89%, indicating that growth is currently accompanied by substantial operating leverage and favorable product mix. The company has moved beyond conventional telecom demand into hyperscale data-center connectivity, where specialized fibers and high-density cables command higher realizations. Approximately 70% of export orders may relate to hyperscalers, while connectivity-solutions revenue is expected to rise from about ₹800 crore in FY27 to ₹2,000 crore in FY28. HFCL Limited raised its FY27 revenue-growth expectation to at least 80%, supported by a ₹28,900 crore order book and expanding capacity. Management does not view Q2 as a peak and expects additional orders to outpace execution, although current margins and demand are exposed to product mix, pricing cycles, and global infrastructure spending. Defence and aerospace are emerging as a second growth engine. HFCL Limited targets approximately ₹500–600 crore of defence revenue in FY27, ₹2,000 crore next year, and ₹5,000 crore within three years, supported by an aerospace acquisition, indigenous radar and sight technologies, and a planned 1,000-acre ammunition complex in Andhra Pradesh.
Over the past 52 weeks, HFCL Ltd has traded between a low of ₹59.83 and a high of ₹282.10. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.
HFCL Ltd has a market capitalization of approximately 36,803.34. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.
HFCL Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of 39.72 and operates in the its sector sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.
Based on its market capitalization of 36,803.34 Cr, HFCL Ltd is classified as a Mid Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.
HFCL Ltd operates in the its sector sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.
The Price-to-Earnings (PE) ratio of HFCL Ltd is 39.72. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.
HFCL reported consolidated profit after tax of Rs 394.22 crore in Q2 FY27, compared with Rs 71.92 crore in Q2 FY26.
HFCL’s Board of Directors is scheduled to meet on October 19, 2026 to consider and approve the unaudited Q2 and half-year FY27 results.
HFCL approved additional capex of about ₹820 crore to expand optical fiber, optical fiber cable, and preform manufacturing capacities.
HFCL said the agreement is worth about $244 million, equivalent to around ₹2,329 crore.
Telecom - Services
Telecom - Infrastructure
36,803 Cr
High Risk
39.7
33.3
0.5
6.5
282.10
59.83
Sales CAGR
Profit CAGR
ROE
ROCE

Earnings Call/Transcript
HFCL submitted the transcript of its October 19, 2026 conference call discussing unaudited Q2 and H1 FY27 financial results.
Merger/Acquisition
HFCL Ltd incorporated a wholly-owned subsidiary, HFCL Connectivity Systems Limited, on October 22, 2026. Initial subscription: 100,000 equity shares of Re.1 each (₹1 lakh); 100% held by HFCL; operations yet to commence.
Financial Results
HFCL Ltd published newspaper copies of its unaudited financial results for Q2 and H1 ended 30-09-2026; results were approved by the Board on 19-10-2026 and published on 20-10-2026.