Shares of HFCL surged sharply on Monday, October 19, and are locked in a 5% upper circuit, as the company reported strong numbers for the second quarter.
The company’s earnings for the September quarter more than doubled across all key parameters compared to last year. The company, in a press statement, said it reported its best-ever quarterly performance in the second quarter.
Its net profit surged to ₹363 crore from ₹68 crore last year.
HFCL revenue increased to ₹2,542 crore compared to ₹1,043 crore in the second quarter of the previous year.
The company’s earnings before interest, taxes, depreciation and amortization (EBITDA) increased to ₹631 crore in the quarter under review compared to ₹190 crore last fiscal.
Its EBITDA margin expanded sharply to 24.8% from 18.2% in the year-ago period.
The company said its second quarter performance reflects the increasing scale, operating strength and momentum across its businesses. Its order book now stands at ₹28,911 crore, together with advanced opportunity pipeline, provides multi-year revenue visibility, HFCL said.
It added that demand across AI infrastructure, hyperscale data centres and telecom networks is accelerating, while international opportunities are steadily converting into firm contracts.
HFCL said its FY27 revenue growth is now expected to be at least 80% over FY26, supported by current business visibility and momentum. It said planned investment of approximately ₹1,800 crore across optical fiber, cable and preform manufacturing will expand capacity and will further deepen integration.
The defence and aerospace business remain on track towards its revenue aspiration of around 500 crore in FY27, the company added.
“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,” Mahendra Nahata, the managing director of HFCL, said.
Shares of HFCL are locked in a 5% upper circuit at ₹268.81. The stock has risen 290% so far on a year-to-date basis, having risen 25% in the last one month.
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