HFCL stock rallies 3% as firm wins ₹656 crore order; momentum fades later in the session

The company in a regulatory filing dated December 6 said it has secured export orders worth approximately $72.96 million (equivalent to ~INR 656.10 crore) for the supply of optical fibre cables, through its overseas wholly owned subsidiary, from a renowned international customer.

“This significant order reaffirms the trust our global customers place in the company’s manufacturing capabilities, technological excellence and product quality,” HFCL said.

The contract received from an international customer is expected to be executed by November 2026.

HFCL share price

Despite the company’s positive start, its shares slipped into the red later. At 11:15 AM, HFCL shares were trading at ₹68.64 apiece on the National Stock Exchange, falling 0.56%.

Over the past five trading sessions, shares of the company have lost 3%, while they have fallen 7.5% in a month. In the last six months, the stock has declined more than 25% and 40% from the beginning of the year.

HFCL has a total market capitalisation of ₹9,895.29 crore, according to NSE data.

Shares of the firm had hit a 52-week high of ₹134.88 on December 6, 2024, and a 52-week low of ₹67.45 on December 5, 2025.

HFCL Q2 earnings

On the top-line front, HFCL’s total revenue jumped 19.7% QoQ and declined 4.6% YoY to ₹1,043 crore as against ₹1,093 crore for the September quarter of FY26. Its international business emerged as a strong driver of growth, contributing 28% of the total revenue in Q2FY26 compared to 24% in Q1FY26 and 10% in Q2FY25.

On the operational front, the EBITDA for the quarter jumped 18.3% YoY to ₹203 crore as against ₹171 crore in FY25. While on a sequential basis, the EBITDA jumped from ₹42.9 crore. On the other hand, the EBITDA margin stood at 19.3% for Q2FY26 as compared to 15.7% in the previous year’s same quarter.

Lastly, on the bottom-line front, HFCL’s net profit declined 1.9% to ₹72 crore as against ₹73 crore in the previous year's same quarter.

During the quarter, HFCL achieved major export wins and strong traction in its defence electronics portfolio, reflecting the successful execution of its diversification strategy.