Key Financial Figures - Consolidated Performance

Q2 FY27 (Quarter Ended September 30, 2026)

  • Revenue from Operations: ₹2,541.79 crore
  • Total Income: ₹2,569.25 crore
  • Profit Before Tax: ₹538.60 crore
  • Profit After Tax: ₹394.22 crore
  • Earnings Per Share (Basic): ₹2.58
  • Earnings Per Share (Diluted): ₹2.57

H1 FY27 (Half Year Ended September 30, 2026)

  • Revenue from Operations: ₹4,456.77 crore
  • Total Income: ₹4,515.38 crore
  • Profit Before Tax: ₹870.12 crore
  • Profit After Tax: ₹639.86 crore

Comparative Performance (YoY)

  • Q2 Revenue growth: 143.62% (from ₹1,043.34 crore in Q2 FY26)
  • Q2 PAT growth: 448.14% (from ₹71.92 crore in Q2 FY26)
  • H1 Revenue growth: 132.81% (from ₹1,914.36 crore in H1 FY26)
  • H1 PAT growth: 1401.31% (from ₹42.62 crore in H1 FY26)

Key Financial Figures - Standalone Performance

Q2 FY27

  • Revenue from Operations: ₹2,177.76 crore
  • Profit Before Tax: ₹358.51 crore
  • Profit After Tax: ₹268.02 crore

H1 FY27

  • Revenue from Operations: ₹3,785.56 crore
  • Profit Before Tax: ₹598.63 crore
  • Profit After Tax: ₹447.23 crore

Segment-wise Performance (Consolidated)

Revenue Breakdown Q2 FY27

  • Telecom Products: ₹2,321.98 crore (91.4% of total)
  • Defence Product & Services: ₹54.94 crore (2.2% of total)
  • Turnkey Contracts and Services: ₹136.07 crore (5.4% of total)
  • Others: ₹28.80 crore (1.1% of total)

Segment Results Q2 FY27

  • Telecom Products profit: ₹716.24 crore
  • Defence Product & Services profit: ₹3.45 crore
  • Turnkey Contracts and Services loss: ₹(122.58) crore
  • Others profit: ₹3.13 crore

Assets and Liabilities Position (as of September 30, 2026)

Consolidated

  • Total Assets: ₹10,174.92 crore
  • Non-current Assets: ₹2,578.24 crore
  • Current Assets: ₹7,596.68 crore
  • Equity: ₹5,755.44 crore
  • Non-current Liabilities: ₹795.75 crore
  • Current Liabilities: ₹3,623.73 crore

Standalone

  • Total Assets: ₹9,220.48 crore
  • Equity: ₹5,343.04 crore

Cash Flow Statement (H1 FY27 Consolidated)

  • Cash from Operating Activities: ₹455.27 crore
  • Cash used in Investing Activities: ₹(447.74) crore
  • Cash from Financing Activities: ₹139.77 crore
  • Net increase in cash: ₹147.30 crore
  • Cash and cash equivalents at end: ₹184.97 crore

Management Commentary and Guidance

  • Order book position: ₹28,911 crore providing multi-year revenue visibility
  • FY27 revenue growth guidance raised to at least 80% over FY26
  • Planned investment of approximately ₹1,800 crore across optical fiber, cable and preform manufacturing
  • Defence and Aerospace business revenue aspiration of approximately ₹500 crore in FY27
  • Expect to achieve ₹10,000 crore revenue milestone earlier than previously envisaged (FY29)

Subsidiaries and Joint Ventures Included

The consolidated results include financials of 9 subsidiaries and 2 jointly controlled entities:

  • 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. (United State of America)
  • HFCL B.V. (Netherlands)
  • Nimpaa Telecommunications Private Limited (Joint Venture)
  • BigCat Wireless Private Limited (Joint Venture)