MUMBAI: Hfcl’s turnaround story gathered pace this quarter, as the technology enterprise reported a stellar second-quarter performance driven by a surge in profitability and expanding international business.
Revenue rose 19.78 per cent quarter-on-quarter to Rs 1,043.34 crore, while Ebitda shot up nearly fivefold to Rs 203.37 crore from Rs 42.93 crore in Q1 FY26. Margins expanded sharply to 19.49 per cent from 4.93 per cent, and profit after tax swung back into the black at Rs 71.92 crore, reversing a Rs 29.30 crore loss last quarter.
Exports remained a bright spot, contributing 28 per cent of total revenue in Q2, up from 24 per cent in Q1 and a mere 10 per cent a year earlier, signalling HFCL’s rising global footprint across Europe, the US, the Middle East and Asia-Pacific.
The company’s defence electronics portfolio also gained traction, with fresh export orders for thermal weapon sights and participation in the Indian Army’s Bmp-2 vehicle upgrade tender underscoring HFCL’s push beyond telecom. A major development came with the Andhra Pradesh government allocating land for its proposed defence manufacturing facility, focused on artillery ammunition shells and multi-mode hand grenades, cementing its ambitions in the self-reliant defence ecosystem.
Managing director Mahendra Nahata said the results reflect “the power of strategic execution and innovation-driven transformation”. He added that the proposed defence facility marks “a commitment to India’s self-reliance and global leadership in advanced technologies.”
HFCL, which operates R&D centres in Gurgaon, Bengaluru and Hyderabad, and manufacturing facilities in Hyderabad, Goa, Manesar, Chennai and Hosur, continues to diversify across 5G products, optical fibre, and defence systems, positioning itself as a trusted partner for global telecom and technology players.
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