HFCL Limited Earnings Summary — Q2 FY2027
HFCL Posts Record Q2 FY27 Performance as PAT Surges Over 5x YoY to ₹394 Crore on 144% Revenue Growth
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue has increased for 7 consecutive quarters.
- Revenue of ₹2,542 Cr is 143.6% higher year-on-year.
- Revenue has compounded at 41.8% annualised over the last 10 quarters.
- Revenue is at its highest level in 10 quarters.
- Net profit has reached its highest level in 10 quarters.
- Net profit of ₹363 Cr is 434.8% above the same quarter last year.
- Profit growth is outpacing revenue growth, pointing to positive operating leverage.
- Net profit has compounded at 96.5% annualised across the period.
- Operating margin stands at 24.8% in Q2 FY2027.
- Operating margin expanded by 657 bps year-on-year.
- Over the last two years operating margin has expanded by 1032 bps.
- PBT margin is 21.2%.
- Expense growth of 124.0% remained below revenue growth of 143.6%.
- Operating profit of ₹630 Cr is 231.5% higher year-on-year.
- Operating leverage continues to improve.
- 4 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 85/100 (Excellent) on the latest 10 quarters.
- Business momentum remains positive heading into the next quarter.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q2 FY2027 | Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Accelerating | 2,542 | 1,915 | 1,824 | 1,211 | 1,043 | 871 | 801 | 1,012 | 1,094 | 1,158 |
| Expenses | Accelerating | 1,912 | 1,501 | 1,510 | 983 | 853 | 843 | 838 | 860 | 935 | 984 |
| Operating Profit | Volatile | 630 | 414 | 314 | 228 | 190 | 28 | -37 | 152 | 158 | 175 |
| Operating Margin | Volatile | 24.8% | 21.6% | 17.2% | 18.8% | 18.2% | 3.3% | -4.6% | 15.0% | 14.5% | 15.1% |
| Other Income | Improving | 27 | 31 | 22 | 17 | 13 | 15 | 14 | 21 | 15 | 11 |
| Interest | Improving | 65 | 62 | 63 | 63 | 61 | 56 | 51 | 47 | 45 | 42 |
| Depreciation | Improving | 54 | 51 | 45 | 44 | 36 | 32 | 30 | 26 | 25 | 24 |
| Profit Before Tax | Volatile | 539 | 332 | 228 | 138 | 106 | -45 | -105 | 100 | 102 | 119 |
| Tax | Volatile | 144 | 86 | 43 | 36 | 34 | -15 | -22 | 28 | 29 | 8 |
| Net Profit | Volatile | 363 | 229 | 179 | 98 | 68 | -32 | -81 | 74 | 74 | 111 |
| Net Margin | Volatile | 14.3% | 11.9% | 9.8% | 8.1% | 6.5% | -3.7% | -10.2% | 7.3% | 6.8% | 9.6% |
Key Takeaways
- Q2 FY27 consolidated revenue jumped 143.62% YoY to ₹2,541.79 crore, up 32.73% sequentially, marking the company's best-ever quarterly scale.
- Consolidated net profit soared 448.14% YoY and 60.49% QoQ to ₹394.22 crore, driven by high-margin product expansion and operating leverage.
- EBITDA grew 223.55% YoY to ₹658.00 crore, leading to an EBITDA margin expansion of 640 bps YoY to 25.89%.
- Consolidated order book exceeded ₹28,900 crore (₹28,911 crore), offering revenue visibility extending over 6 to 7 years.
- Management raised its FY27 outlook, expecting revenue growth of at least 80% over FY26 supported by surging AI infrastructure and data center demand.
- Planned capital expenditure of approximately ₹1,800 crore across optical fiber, cable, and preform manufacturing will deepen backward integration.
Management Guidance
Management expects FY27 revenue to grow by at least 80% over FY26, backed by the current business pipeline and an order book exceeding ₹28,900 crore. The Defence and Aerospace vertical remains on track to achieve ~₹500 crore revenue in FY27, while a planned ₹1,800 crore capex program will expand capacity across fiber, cable, and preform manufacturing.
Sentiment Shift
Improving
A massive surge in profitability and top-line expansion, combined with an upgraded FY27 growth guidance of at least 80% and a record order book, underscores a clear shift toward strong operating momentum.
Outlook
Demand across hyperscale data centres, telecom networks, and AI digital infrastructure is driving strong order inflows. International pipeline conversions and backward-integration investments position the company for sustained multi-year revenue and margin growth.
From the Annual Report (Key Quotes)
“This is the best-ever quarterly performance in HFCL’s history and marks a defining moment in our growth journey.”
“The order book now standing at ₹28,911 crore, together with advanced opportunity pipeline, provides multi-year revenue visibility.”
“FY27 revenue growth is now expected to be at least 80% over FY26, supported by current business visibility and momentum.”
Official Quarterly Documents
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This summary is AI-generated from HFCL Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.
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