HFCL stock hit the 5 per cent upper circuit on the National Stock Exchange on Monday after the Gurugram-based technology company reported its best-ever quarterly performance and announced plans to invest approximately ₹1,800 crore in optical-fibre, cable and preform manufacturing capacity.
The stock touched ₹268.81 after HFCL reported consolidated revenue of ₹2,541.79 crore for the quarter ended September 30, 2026, a 143.62 per cent increase from ₹1,043.34 crore in the corresponding quarter of the previous year. Profit after tax rose 448.14 per cent year-on-year to ₹394.22 crore from ₹71.92 crore, while profit before tax increased 406.49 per cent to ₹538.60 crore.
Profit after tax was also 60.49 per cent higher than in the first quarter of FY27. EBITDA margin expanded by 640 basis points year-on-year to 25.89 per cent, indicating stronger operating performance during the quarter.
For the first half of FY27, HFCL reported profit after tax of ₹639.86 crore, compared with ₹42.62 crore in the first half of FY26, representing a 1,401 per cent increase. Revenue for the six-month period stood at ₹4,456.77 crore, up 132.81 per cent year-on-year.
The company’s Board of Directors approved the unaudited standalone and consolidated financial results at a meeting held on Monday. Statutory auditors S. Bhandari & Co. LLP and Oswal Sunil & Company issued clean limited review reports for the results.
Managing Director Mahendra Nahata said HFCL now expects full-year FY27 revenue growth of at least 80 per cent over FY26. He also indicated that the company’s earlier target of reaching ₹10,000 crore in annual revenue by FY29 could be achieved sooner than planned.
HFCL’s order book stood at ₹28,911 crore, with the company reporting revenue visibility of six to seven years. The planned capital expenditure will focus on expanding manufacturing capacity for optical fibre, cables and preforms, which are key components of telecommunications and digital connectivity networks.
The company’s Defence and Aerospace business is targeting revenue of approximately ₹500 crore in FY27. HFCL did not provide further details in the supplied report on the timing or phasing of the planned capital investment.
The stock has gained approximately 290 per cent year-to-date, compared with an around 7.58 per cent decline in the Nifty 500 over the same period. HFCL’s total market capitalisation stood at ₹41,144 crore at the time of reporting.
