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HFCL (HFCL) investor relations material

HFCL Q1 25/26 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q1 25/26 earnings summary25 Jul, 2025

Executive summary

  • Strong revival in demand for optical fiber cables, telecom products, and defense, with manufacturing facilities operating at optimal levels and export orders secured, especially in Europe and North America.

  • Order book rose to INR 10,480 crores as of June 30, 2025, driven by domestic and global wins, providing strong revenue visibility.

  • Strategic wins in defense, including contracts for thermal weapon sights, tactical cables, and technology collaborations with DRDO, positioning for significant growth.

  • Capacity expansions and rising export demand, with plans to double optical fiber cable revenue in FY26 and become a leading international supplier.

  • Board approved unaudited Q1 FY26 results and major fundraising of up to INR 700 crores to support growth in defense and telecom sectors.

Financial highlights

  • Q1 FY26 consolidated revenue at INR 871.02 crores, up from INR 800.72 crores in Q4 FY25 but down from INR 1,158 crores in Q1 FY25.

  • EBITDA at INR 42.93 crores (margin 4.93%), a turnaround from negative in Q4 FY25 but lower than Q1 FY25.

  • Net loss of INR 29.30 crores, improved from a loss of INR 83 crores in Q4 FY25, but down from a profit of INR 110.65 crores in Q1 FY25; net margin at -3.36%.

  • Telecom product segment contributed 66.35% of total revenue in Q1 FY26.

  • FY25 revenue at INR 4,064.52 crores, EBITDA margin at 12.47%, and PAT at INR 173.26 crores.

Outlook and guidance

  • Management expects 25% overall revenue growth in FY26, with fiber optic cable revenue projected to double to INR 2,400 crores, over 50% from exports.

  • FY26 expected to be a breakout year, supported by capacity expansions, export growth, and a future-ready product portfolio.

  • Margins in fiber optic cable expected to return to 15% levels, with improved profitability anticipated from Q2 onwards.

  • Fundraising aims to leverage growth opportunities in defense and telecom, support expansion, acquisitions, and strengthen capital base.

  • Board extended the timeline for utilization of unutilized QIP proceeds of INR 58.20 crores to March 31, 2026.

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Frequently asked questions

HFCL Limited is an Indian telecommunications equipment and infrastructure company. It designs, manufactures, and deploys fiber optic cables, telecom electronics, and turnkey network solutions. The company serves telecom operators, government projects, and enterprise clients across India and exports to international markets. The company is headquartered in New Delhi, India, and its shares are listed on the NSE.

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