Financial Results Approval

The Board approved the un-audited financial results for the first quarter ended June 30, 2026 (Q1 FY27), both on standalone and consolidated basis, in accordance with Regulation 33 of SEBI Listing Regulations. The results were reviewed by the Audit Committee and accompanied by Limited Review Reports from statutory auditors S. Bhandari & Co. LLP and Oswal Sunil & Company.

Standalone Financial Performance (Q1 FY27)

  • Revenue from Operations: ₹1,607.80 crore (Q1 FY26: ₹789.28 crore)
  • Other Income: ₹32.54 crore (Q1 FY26: ₹14.09 crore)
  • Total Income: ₹1,640.34 crore (Q1 FY26: ₹803.37 crore)
  • Total Expenses: ₹1,400.22 crore (Q1 FY26: ₹866.26 crore)
  • Profit before tax: ₹240.12 crore (Q1 FY26: loss of ₹62.89 crore)
  • Tax Expense: ₹60.91 crore (Current Tax: ₹65.27 crore, Deferred Tax Benefit: ₹4.36 crore)
  • Net Profit after tax: ₹179.21 crore (Q1 FY26: loss of ₹42.34 crore)
  • Earnings per Share (Basic/Diluted): ₹1.17 (Q1 FY26: loss of ₹0.29)
  • Paid-up Equity Share Capital: ₹153.03 crore (Face value Re. 1 each)

Consolidated Financial Performance (Q1 FY27)

  • Revenue from Operations: ₹1,914.98 crore (Q1 FY26: ₹871.02 crore)
  • Other Income: ₹31.15 crore (Q1 FY26: ₹14.53 crore)
  • Total Income: ₹1,946.13 crore (Q1 FY26: ₹885.55 crore)
  • Profit before tax: ₹331.52 crore (Q1 FY26: loss of ₹44.70 crore)
  • Net Profit after tax: ₹245.64 crore (Q1 FY26: loss of ₹29.30 crore)
  • Profit attributable to Owners: ₹228.60 crore (Q1 FY26: loss of ₹32.24 crore)
  • Earnings per Share (Basic/Diluted): ₹1.49 (Q1 FY26: loss of ₹0.22)

Segment-wise Performance (Standalone)

  • Telecom Products Revenue: ₹1,314.04 crore (85.4% of total)
  • Defence Product & Services Revenue: ₹13.44 crore
  • Turnkey Contracts and Services Revenue: ₹280.32 crore

Manufacturing Facility Approval

The Board approved setting up a state-of-the-art manufacturing facility for Data Center Connectivity Products with:

  • Capacity: 270,000 assemblies per annum
  • Estimated Investment: ₹215 crore
  • Products: Miniature Multi-Fiber (MMC) and Super High-Density Multi-Fiber Termination (SNMT) assemblies
  • Commissioning Timeline: Expected by September 2027
  • Financing Mode: Appropriate mix of internal accruals and/or debt financing
  • Strategic Rationale: To capitalize on growing global demand for next-generation data center connectivity products driven by AI, hyperscale data centers, cloud computing, and high-speed networking infrastructure

Recent Fundraising Activities

  • QIP Issue: Previously issued 8,79,29,651 equity shares at ₹62.55 per share, aggregating ₹550.00 crore. ₹513.72 crore utilized, balance ₹36.28 crore invested in fixed deposits
  • Warrant Issue: Approved issuance of up to 7,50,00,000 warrants at ₹74 per share to promoters. Received 25% payment (₹138.75 crore) on May 25, 2026. ₹48.75 crore utilized, balance ₹90 crore in fixed deposits

Subsidiaries and Joint Ventures Included in Consolidated Results

Subsidiaries: HTL Limited, Polixel Security Systems Private Limited, Moneta Finance Private Limited, HFCL Advance Systems Private Limited, Raddef Private Limited, Dragon Wave HFCL India Private Limited, HFCL Technologies Private Limited, HFCL Inc. (USA), HFCL B.V. (Netherlands), HFCL Canada Inc., HFCL UK Limited, HFCL Ply Limited

Jointly Controlled Entities: Nimpaa Telecommunications Private Limited, BigCat Wireless Private Limited

Auditor Review

Limited review conducted by S. Bhandari & Co. LLP (Firm Registration No. 000560C/C400334) and Oswal Sunil & Company (Firm Registration No. 016520N). Review performed in accordance with Standard on Review Engagements (SRE) 2410. No material misstatements identified.