HFCL shares open 1.5% higher on securing ₹834 crore order from international customer

Shares of one of India’s leading optical fibre wire makers, HFCL Ltd surged 2% higher on Thursday after company announced a new order win from an international customer. The shares are among one of the top five gainers this year, surging over 150% on a YTD basis.

On Thursday, the shares opened at ₹215 apiece, up 1.5% from the previous day’s close of ₹212 apiece on the NSE.

The company announced via a press release that it secured orders worth ₹834 crore or $88.9 million for supply of optical fibre cables. The order is expected to be completed by June 2027.

The press release read, “We are pleased to inform all stakeholders that the Company has secured export orders worth ~₹834.36 crore (equivalent to ~USD 88.94 million), for the supply of optical fiber cables, through overseas wholly owned subsidiary from a renowned international customer”.

Earlier in the last month, the company incorporated a new subsidiary named, HFCL Connectivity Systems Ltd. which will be engaging in business to establish, construct, erect, install, commission, operate, maintain, modernize, upgrade and mange telecommunications networks including voice, video,wireless networks, data centres, network operation centres.

As of Q2FY27, The company’s order book stood at ₹28,911 crore.Category wise 64% of the orderbook now comes from optical fibre business at ₹19,751 crore and the remaining from O&M and other products.Similarly, 57% of the order book comes from export orders, while the remaining domestic entities.

For the similar period, company’s revenue surged to ₹2,541 crore, with an EBITDA (earnings before interest, taxes, depreciation and amortization) of ₹658 crore and an EBITDA margin of 25.8%. Similarly, the profitability for the quarter ended September 2026, also zoomed to ₹394 crore as compared to ₹72 crore in the same period of the previous year.

Disclaimer: This article is purely for informational purposes and should not be considered investment advice from Upstox. Please consult with a financial advisor before making any investment decisions.