HFCL Q2 FY27 Earnings Call Transcript Released
HFCL reported a best-ever quarter in Q2 FY27, with consolidated PAT up 448% YoY to ₹394.22 crore and revenue surging 143% YoY to ₹2,541.79 crore. The company revised its FY27 revenue growth forecast to 80% and maintains an order book of ₹28,900 crore. Defence revenue target for FY27 is ₹500 crore.
The announcement details a record quarterly financial performance, a substantial upward revision in annual revenue guidance, and significant growth drivers in both core and new segments (Defence & Aerospace). The strong order book and strategic investments indicate a significant positive impact on the company's future prospects.
The company reported exceptionally strong financial results with significant year-on-year growth in PBT, PAT, revenue, and EBITDA. Management expressed high confidence in future growth, revised upward revenue guidance, and highlighted strategic investments and expansion plans, all contributing to a positive sentiment.
HFCL Limited has released the transcript of its conference call held on October 19, 2026, discussing the Un-audited Financial Results for the 2nd Quarter and Half Year ended September 30, 2026. The call featured insights from Managing Director Mr. Mahendra Nahata and CFO Mr. V.R. Jain.
During the call, management highlighted a "best ever quarterly performance" with consolidated profit before tax (PBT) surging 406.49% year-on-year to ₹538.60 crore and consolidated profit after tax (PAT) rising 448.14% year-on-year to ₹394.22 crore in Q2 FY27. Consolidated revenue increased by 143.62% year-on-year to ₹2,541.79 crore, with EBITDA growing 223.55% year-on-year to ₹658.00 crore. EBITDA margins expanded to 25.89%.
The company has revised its revenue growth expectation for FY27 to at least 80%, up from the earlier 40% projection. The order book stands at ₹28,900 crore, providing multi-year revenue visibility. The company anticipates reaching its ₹10,000 crore revenue target by FY29 much sooner than projected.
Strategic initiatives include a planned investment of approximately ₹1,800 crore in optical fiber, cable, and preform manufacturing to expand capacities. The Defence and Aerospace sector is identified as a significant growth engine, with an aspiration of approximately ₹500 crore of Defence revenue in FY27. An ammunition manufacturing complex is being set up in Andhra Pradesh.
Management expressed confidence in sustaining revenue and profitability growth, driven by increasing demand in AI infrastructure, hyperscale data centers, and telecom networks, as well as growth in the Defence sector. The company is also exploring restructuring options for its EPC business.
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HFCL Limited filed this with the NSE as a statutory disclosure, categorised under concall transcript released. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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