HFCL Limited (HFCL), a leading technology enterprise specializing in Optical Fiber, Optical Fiber Cable and Connectivity Solutions, Telecom Products, Defence & Aerospace products and Digital Infrastructure, announced its highest ever quarterly financial results for the quarter ended June 30, 2026.
Key highlights during Q1FY27
- EBITDA Margin crossed 23%
- Achieves Highest-Ever Order Book of ~₹26,665 crore, nearly 5 times of FY26 Revenue, Strengthening Long-Term Revenue Visibility
- Export revenue stood at ₹1063.30 crore (55.53% of revenue) in Q1FY27 as compared to ₹209.70 crore (24.08% of revenue) in Q1FY26
- Segment revenue from product segment stood at 85% of total revenue in Q1 FY27 as compared to 66% in Q1FY26 and 85% in Q4 FY26
- FY27 Revenue Growth to the best of its estimate revised to 40%
- Board approves investment of ₹215 crore in building advanced AI Data Centre Connectivity Solutions manufacturing facility
- Optical Fiber, and Optical Fiber Cable capacity expansion and setting up of green field manufacturing facility of Preform as backward integration are progressing as planned
Consolidated Financial Highlights – Q1FY27
| Particulars | Q1FY27 ₹in crore | Q1FY26 ₹in crore | Change Y-o-Y % |
| Revenue | 1914.98 | 871.02 | 119.85% |
| EBIDTA | 445.27 | 42.93 | 937.20% |
| EBIDTA Margin (%) | 23.25% | 4.93% | 1832 Bps |
| PBT | 331.52 | -44.70 | — |
| PBT Margin (%) | 17.31% | -5.13% | — |
| PAT | 245.64 | -29.30 | — |
| PAT Margin (%) | 12.83% | -3.36% | — |
On a standalone basis, the Company reported quarterly revenue of ₹1607.80 crore, EBIDTA of ₹ 336.35 crore, PBT of ₹240.12 crore and PAT of ₹179.21 crore.
Our record quarterly financial performance reflects the convergence of multiple structural growth drivers. Rising demand from hyperscale data centres, improved product realisations, operating leverage through economies of scale, a diversified portfolio of high-value technology products, and expanding export opportunities have collectively driven a significant improvement across all key financial metrics, including Revenue, EBITDA, PBT and PAT. As these market trends continue to strengthen and our execution remains robust, we are well positioned to sustain this growth momentum.
Key Business Highlights
Optical Connectivity
HFCL continues to strengthen its position in the rapidly expanding Optical Fiber Cable and connectivity market, supported by accelerating investments in AI-driven data centres, cloud infrastructure, next-generation telecom networks and digital infrastructure globally. The Company’s capacity expansion programme remains on track, with Optical Fiber capacity increasing from 28 million fiber kilometres to 34 million fiber kilometres and Optical Fiber Cable capacity expanding from 34 million fiber kilometres to 43 million fiber kilometres, enhancing its ability to meet growing global demand.
HFCL is also advancing its backward integration into preform manufacturing, further strengthening supply chain resilience and long-term competitiveness.
Defence & Aerospace
HFCL continues to scale its Defence & Aerospace business through indigenous technology development, expanding manufacturing capabilities and proposed acquisition. During the quarter, the Company initiated the process of setting up of its Ammunition Manufacturing Complex in Andhra Pradesh for manufacturing of Multi-mode Hand Grenade, Electronic Fuzes, other ammunition products and simultaneously strengthening its portfolio across surveillance Radars, Thermal Imaging Sites and Tactical Communication Solutions. The Company views the Defence business as a strategic long-term growth engine, underpinned by sustainable demand, strong policy support, and significant opportunities for value creation over the coming years.
Commenting on the performance, Mr. Mahendra Nahata, Managing Director, HFCL said,”With the strategic initiatives undertaken which are now translating into tangible outcomes, HFCL has entered a new phase of accelerated and profitable growth. I am pleased to share that the Company has delivered its highest-ever quarterly Revenue, Profitability and the Order Book during Q1FY27, underscoring the strength of our execution, expanding product portfolio and growing market opportunities.
The convergence of AI, digital infrastructure, optical connectivity and defence modernisation is creating significant long-term opportunities for the Company. To further strengthen our leadership in optical connectivity space, the Board has today approved expansion of manufacturing set-up for advanced data centre connectivity products with an investment of approximately ₹215 crore. With our expanding technology portfolio, manufacturing capabilities and global presence, we remain well positioned to create sustainable long-term value for our stakeholders.”
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