Shares of HFCL surged to ₹268.81 on the NSE, locking into a 5% upper circuit after the company released its Q2 results. Net profit jumped to ₹363 crore from ₹68 crore a year earlier, while revenue climbed to ₹2,542 crore from ₹1,043 crore last September.
The earnings before interest, taxes, depreciation and amortization (EBITDA) rose to ₹631 crore, more than tripling the ₹190 crore reported in the same quarter last fiscal year. EBITDA margin expanded to 24.8%, a 6.6‑point lift over the 18.2% margin recorded a year ago.
Mahendra Nahata, managing director, said the company’s order book now stands at ₹28,911 crore, providing multi‑year revenue visibility. He added that demand in AI infrastructure, hyperscale data centres and telecom networks continues to accelerate, with international opportunities steadily converting into firm contracts.
The company projected FY27 revenue growth of at least 80% over FY26, underpinned by the current business visibility and momentum. Planned investments of roughly ₹1,800 crore in optical fibre, cable and pre‑form manufacturing aim to expand capacity and deepen integration.
Defence and aerospace units remain on track to hit around ₹500 crore in FY27 revenue. Investors are watching how the company’s earnings trajectory will influence its valuation multiples, while analysts expect the stock to trade in a tight range until the next earnings window.