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Earnings Call

HFCL Earnings Call: Key Takeaways

HFCL delivered strong FY26 results with Revenue at ₹4,949 Cr and EBITDA margin expansion to 16.7%, pivoting toward a high-margin, product-led export model.

Why this was an Alfa AlertNot a filter event. Results are strong but represent aspirational targets rather than a confirmed beat against prior specific guidance.
Highlights
Revenue growth21.7% YoY growth in FY26; Q4FY26 revenue up 127.81% YoY.
MarginsEBITDA margin improved from 12.5% (FY25) to 16.7% (FY26).
Order book₹21,206 Cr total; includes ₹12,248 Cr in export orders.
Demand visibilityStrong; order book expanded 3x to ₹21,206 Cr.
Management confidenceHigh; promoters infusing ₹555 Cr via warrants at market-linked price.

Growth

FY26 Revenue up 21.7% YoY; PAT grew 90.2% YoY to ₹329.44 Cr. Export share surged to 41.36% of revenue.

Outlook

Targeting ₹10,000+ Cr revenue and 20-21% EBITDA margin by FY29. Increasing OFC capacity to 43mn fkm.

Risks

Evolving geopolitical environment and potential supply constraints in the structural preform manufacturing expansion cycle.

Source

Earnings Call filed with NSE, NSE: HFCL. Summary written with AI assistance from the document.

Read the document ↗

HFCL Ltd: key numbers

Share price
₹211.27
Market cap
₹32,337 Cr
Revenue (annual)
₹4,949 Cr
Net profit (annual)
₹311.7 Cr
P/E (TTM)
56.5×Sector 68.0×
Promoter holding
28.29%+0.00% QoQ
FII holding
15.74%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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Capacity Expansion

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HFCL approved ₹670 Crore capacity expansion for optical fiber, OFC, and preform manufacturing. Target addition of ~300 MT per annum by October 2028 strengthens backward integration.

Value
₹670.0 Cr
Execution
by October 2028
optical fibre/OFC/preform manufacturing capacity
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Capacity Expansion

HFCL Capacity Expansion: ₹150 Cr Investment

HFCL approved ₹150 Crore capacity expansion adding 5.64 Mn fkm/p.a OFC and 4.60 Mn fkm/p.a fibre. Target completion by July 2028.

Value
₹150.0 Cr
Execution
by July 2028
Optical Fiber Cable manufacturing capacity
5.64 Mn fkm/p.a
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HFCL Capacity Expansion: ₹1,500 Cr Investment

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Value
₹1,500 Cr
Execution
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optical fiber & cable manufacturing capacity (proposed addition)
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