HFCL Q2 Results FY27: Domestic telecom equipment manufacturer HFCL reported a multi-fold increase in consolidated net profit to Rs 394.22 crore for the second quarter ended September 30, 2026, compared with approximately Rs 72 crore in the corresponding quarter last year. The company attributed the sharp rise in profit to growing demand for optical fibre cables from artificial intelligence (AI) data centres.
The company’s consolidated revenue from operations more than doubled to Rs 2,541.79 crore during the July-September quarter, compared with Rs 1,043.34 crore in the year-ago period, according to its regulatory filing.
HFCL Q2 results FY27: Key financial highlights
Net profit: Rs 394.22 crore, compared with approximately Rs 72 crore a year ago.
Revenue from operations: Rs 2,541.79 crore, compared with Rs 1,043.34 crore in Q2 FY26.
PAT margin: Improved to 14.36 per cent from 2.23 per cent on a year-on-year basis.
Order book: Exceeded Rs 28,900 crore.
FY27 revenue guidance: Company expects revenue growth of at least 80 per cent over FY26.
HFCL attributed its strong quarterly performance to increasing demand for optical fibre cables, particularly from AI infrastructure, hyperscale data centres and telecom networks.
The company said opportunities with international hyperscalers and telecom operators are steadily converting into firm contracts, supporting its business growth.
HFCL Managing Director Mahendra Nahata described the September quarter as the company’s strongest performance to date.
“This is the best-ever quarterly performance in HFCL’s history and marks a defining moment in our growth journey. The results reflect the increasing scale, strength and momentum of our business and reinforce our confidence in HFCL’s ability to deliver sustained growth and create enduring value for stakeholders,” Nahata said.
HFCL order book crosses Rs 28,900 crore
The company reported an order book exceeding Rs 28,900 crore, providing multi-year revenue visibility. It also highlighted a strong pipeline of orders at advanced stages.
“Our order book exceeds Rs 28,900 crore, providing 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.
“Opportunities with international hyperscalers and telecom operators are steadily converting into firm contracts. Based on current expectations and business visibility, we now expect revenue growth of at least 80 per cent in FY27 over FY26,” Nahata said.
HFCL raises FY27 growth expectations, targets Rs 10,000 crore revenue earlier
Following its quarterly performance, HFCL said it expects revenue growth of at least 80 per cent in FY27 compared with FY26.
The company also indicated that it could achieve its Rs 10,000 crore revenue milestone ahead of its earlier projected timeline of FY29.
“We had envisaged achieving Rs 10,000 crore landmark revenue by FY29. Given the momentum we are seeing, we believe this milestone can be achieved much earlier.
“Our planned investment of approximately Rs 1,800 crore across optical fiber, cable and preform manufacturing will expand further capacities and deepen integration.
Our advanced optical fiber cable portfolio and data centre connectivity solutions continue to strengthen,” Nahata said.
The planned investment will focus on expanding manufacturing capacities across optical fibre, cables and preforms, while strengthening the company’s integration.
Defence and Aerospace business: HFCL targets Rs 500 crore revenue in FY27
HFCL also identified its Defence and Aerospace business as its next major growth engine.
The company said its defence portfolio includes thermal weapon sights, electronic fuzes, surveillance radars, Multi-Mode Hand Grenades and aerostructures.
Nahata said the ongoing acquisition of the aerospace business is expected to be completed during the current quarter.
“Our portfolio spans thermal weapon sights, electronic fuzes, surveillance radars, Multi-Mode Hand Grenades and aerostructures. The ongoing acquisition of the aerospace business is expected to be completed during the current quarter, further strengthening our capabilities and presence in this sector. We remain on track towards our aspiration of approximately Rs 500 crore of Defence revenue in FY27,” Nahata said.
The company is targeting approximately Rs 500 crore in revenue from its Defence business during FY27.