HFCL Limited Releases Transcript of Q3 FY26 Earnings Conference Call
HFCL's Q3 FY26 earnings call transcript reveals significant growth drivers in optical fibre cables (OFC) and data centre solutions. The company expects its Pre-Connectorised Solutions (PCS) and MPO cables to generate ₹400-500 crore each in revenues over FY26-FY27. Export revenues surged to 27% of total revenues in Q3 FY26. The order book stood at ₹11,125 crore. Q3 FY26 PAT was ₹102.37 crore.
The announcement covers multiple growth areas including data centres, defence, and increased export focus, along with financial performance and capital raise, which are material to investors.
The announcement details strong growth drivers, increased export contribution, a robust order book, and positive financial performance in Q3 FY26, indicating a favorable outlook.
HFCL Limited has announced the transcript of its conference call held on February 03, 2026, discussing the un-audited financial results for the third quarter and nine months ended December 31, 2025. The call featured insights from Managing Director Mr. Mahendra Nahata and CFO Mr. V.R. Jain.
Mr. Nahata highlighted the company's strategic positioning amidst evolving global tariff structures and supply chain recalibrations, which stabilized from mid-December 2025. He emphasized the strengthening fundamental demand drivers for optical fibre cables, driven by rising data consumption, data center expansion, AI-driven network upgrades, and the need for high-capacity connectivity. India's focus on fiberisation, digital public infrastructure, and defence indigenisation provides long-term visibility.
The company has developed a 3456-fibre Micro Duct IBR cable and is developing 6912-fibre Micro Duct IBR cables, positioning HFCL among a limited global set of players capable of delivering high fibre-count solutions at scale. HFCL has also initiated its Pre-Connectorised Solutions (PCS) business for data centre applications, expecting it to contribute ₹400–500 crore in additional revenues over FY26–FY27. Production of MPO cables has commenced, with an expectation to generate ₹400–500 crore in revenues over the coming years.
Export revenues accounted for approximately 27% of total revenues in Q3 FY26, a significant increase from 14% in Q3 FY25. The company secured export orders aggregating approximately USD 192 million during Q3 FY26. HFCL's order book as of December 31, 2025, stood at ₹11,125 crore.
Financially, for Q3 FY26, revenue stood at ₹1210.79 crore, with EBITDA at ₹243.52 crore and Profit After Tax at ₹102.37 crore. For the nine months ended FY26, revenue was ₹3125.15 crore, EBITDA was ₹489.82 crore, and Profit After Tax was ₹144.99 crore.
The company also progressed in its defence business, with electronic fuzes undergoing firing trials and securing defence orders across radars, electronic fuzes, and electro-optical systems. HFCL is exploring the manufacturing of ammunition at its 329-acre facility in Andhra Pradesh, with plans to develop multimode hand grenades and explore shells for 155 mm guns.
A Qualified Institutions Placement of ₹550 crore was completed to support capacity expansion, R&D investments, and debt reduction.
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