HFCL Q1 FY 2026-27 Results: Turns Profitable, Net Profit At ₹246 Crore As Revenue Soars 120%

Himachal Futuristic Communication Ltd (HFCL) turned profitable this quarter after posting a loss a year ago, and the sharp jump in revenue tells much of the story. Consolidated revenue crossed ₹1,900 crore for the first time in the company's history, while the order book reached its highest level yet. The results come at a time when several telecom equipment makers in India are seeing a pickup in demand from data centre operators and export markets.

HFCL Q1 FY27 Financial Performance

Revenue climbed 119.85% year-on-year to ₹1,914.98 crore, against ₹871.02 crore in the same quarter last year. Consolidated profit after tax came in at ₹245.64 crore for the April-June period, compared with a net loss of ₹29.3 crore a year earlier. This is one of the strongest quarters HFCL has reported so far, both in terms of scale and profitability. On a sequential basis too, the numbers mark a clear improvement over the previous few quarters, when the company was still working through a weaker demand environment.

How Did HFCL's Business Perform?

The company pointed to a few factors behind the jump in revenue: rising orders from hyperscale data centres, better pricing on products, gains from scale as production volumes increased, and a bigger push into exports. Export sales stood at ₹1,063.30 crore, roughly 55.53% of total revenue, up sharply from just ₹209.70 crore a year earlier. This shift towards exports has also changed the mix of HFCL's business, with overseas markets now contributing more than half of total sales in the quarter.

EBITDA moved up to ₹445.27 crore from ₹42.93 crore, and margins widened by 1,832 basis points to 23.25%, reflecting the benefit of higher volumes and a richer product mix. By the end of June, HFCL's order book stood near ₹26,665 crore, close to five times its FY26 revenue, giving the company visibility on execution over the next few years. Managing director Mahendra Nahata described this as a shift into a phase of faster, more profitable growth, with earlier groundwork on capacity and client relationships now paying off. The company has also lifted its FY27 revenue growth outlook to 40%, well above the 20% it had guided earlier in the year.

HFCL Share Price Movement

On 22 July 2026, HFCL Ltd. shares fell about 0.07% to close at ₹217.90 on the National Stock Exchange (NSE).

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