HFCL Q2FY27 results: Net profit soars 5x to ₹394 crore; shares locked in 5% upper circuit

Shares of optical fiber wire maker, HFCL Ltd jumped 5% on Monday after company reported quarterly earnings for period ended September 2026. The shares were locked in the upper circuit of 5% at ₹268 apiece on the NSE after a manifold rise in net profit.

HFCL Q2FY27 results

Company’s consolidated revenue went up 143% YoY to ₹2,541 crore for the quarter ended September 2026, as compared to ₹1,043 crore in the same period last year. Similarly, for H1FY27, revenue jumped 132% YoY to ₹4,456 crore, as compared to ₹1,914 crore in the same period last year. The telecom products segment revenue led the massive surge in revenue for the quarter, as it grew from ₹490 crore in the Q2FY6 to ₹2,321 crore in Q2FY27.

Meanwhile, at the operating level, the company’s EBITDA (earnings before interest, taxes, depreciation and amortization) surged over 223% YoY to ₹658 crore for the three months ended September 2026, as compared to ₹203.7 crore in the same period last year. Similarly, the EBITDA margin for the quarter expanded 640 bps to 25.89% as compared to 19.4% for the period ended September 2025.

Consequently, the net profit for the quarter jumped nearly 5x to ₹394 crore as compared to ₹71.9 crore. The net-profit margin jumped from 6.89% to 15.5% for Q2FY7.

For the quarter ended September 2026, the company’s order book stood at ₹28,900 crore, up from ₹9,981 crore in Q2FY26, marking a multifold increase in revenue visibility. Management states that the current order book and advanced opportunity pipeline provide revenue visibility for six to seven years.

Management commentary

Commenting on the performance, Mr. Mahendra Nahata, Managing Director, HFCL, said: “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”.

He further added that, “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”.

HFCL share price performance

HFCL shares have delivered more than 290% returns in 2026 alone, delivering one of the best performances in its history as the company’s optical fibre-based products drive the majority of the revenue growth. Despite the weak performance of benchmark and broader markets, the shares delivered robust returns.